Sony Projects Wider FY12 Net Loss

Sony Corp SNE reported that it now projects to post a net loss of $6.4 billion for the last fiscal year. In yen terms, Sony now expects a net loss of Y520 billion, versus an estimated loss of Y220 billion in its earlier forecast. For this fiscal year ending March 2013, Sony expects to swing back to an operating profit of Y180 billion. Sony shares closed at $20.10 yesterday.