Sony sees third year of red ink
Sony Corp. said Monday it expects to fall into the red in fiscal 2010 for the third straight year with a group net loss of ¥260 billion, due mainly to the effects of the March 11 disasters. The loss would be the company’s biggest since the ¥293.3 billion one it posted in the business year ended in March 1995. The electronics giant has been in the red on a net balance basis since fiscal 2008, when it was hit by the global economic downturn ushered in by the bankruptcy of Lehman Brothers Holdings Inc. in September 2008. (Japan Times)
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