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Earnings Analysis: 
Sony Net Loss; Takefuji Sales Down 35%
Author: Trupti Mehta
123jump.com
Last Update: 3:44 AM ET May 13 2010



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Sony Corporation fiscal year 2010 revenues fell 6.7% to ¥7.21 trillion and net loss was ¥40.8 billion or ¥40.66 a share. Takefuji Corporation fiscal year 2010 revenues fell 35% to ¥120.3 billion and net profit was ¥4.6 billion.

 
7:30 PM Tokyo, Japan - Sony Corporation revenue fell 6.7% and net loss was ¥40.8 billion. Takefuji Corporation revenue fell 35% and net profit was ¥4.6 billion.

Sony Corporation, the maker of consumer electronics said fiscal year 2010 revenues fell 6.7% to ¥7.21 trillion from ¥7.73 trillion a year ago. Net loss in the year was ¥40.8 billion or ¥40.66 per diluted share compared to net loss of ¥98.9 billion or ¥98.59 per share a year ago.

The company forecasts revenues for the fiscal year ending March 2011 around ¥7.6 trillion and net profit around ¥50.0 billion.

Sony Corporation, in the last one year traded as high as ¥3,645.00 in March 2010 and as low as ¥2,145.00 in July 2009. Based on the yesterday’s closing price of ¥3,165.00 the company has market cap of ¥3.19 trillion.

Sparx Group Co., Ltd, the asset management company said fiscal year 2009 revenues rose 8% to ¥7.9 billion from ¥7.3 billion a year ago. Net profit in the year was ¥398 million or ¥197.23 per diluted share compared to net loss of ¥23.3 billion a year ago.

Takefuji Corporation, the consumer finance company said fiscal year 2010 revenues fell 35% to ¥120.3 billion from ¥186.3 billion a year ago. Net profit in the year was ¥4.6 billion compared to net loss of ¥256.1 billion a year ago.

The company forecasts revenues for the fiscal year ending March 2011 around ¥64.0 billion and net profit around ¥9.9 billion.

Takefuji Corporation, in the last one year traded as high as ¥661.00 in June 2009 and as low as ¥306.00 in October 2009. Based on the yesterday’s closing price of ¥1,648.00 the company has market cap of ¥45.74 billion.
  1 More: Japan Earnings Archive

 


 
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