Bloomberg News

Sony TV Losses to Widen This Year, Including Venture Sale Charge

February 02, 2012

Feb. 2 (Bloomberg) -- Sony Corp. Chief Financial Officer Masaru Kato said losses at the company’s TV business will widen this fiscal year, including a charge from exiting a panel venture with Samsung Electronics Co.

The TV business may have a loss of 220 billion yen to 230 billion yen in the year ending in March, compared with a November forecast for 175 billion yen, Kato told reporters in Tokyo today. Excluding that, the company would have reduced losses by 10 billion yen this year because of cost reductions, he said.

To contact the reporter on this story: Mariko Yasu in Tokyo at myasu@bloomberg.net

To contact the editor responsible for this story: Anand Krishnamoorthy at anandk@bloomberg.net


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