Sony Corp. said Thursday it is expecting a group net loss of 110 billion yen for the year through March, against an earlier projected profit of 30 billion yen, due to disposal costs for its personal computer business and sluggish television sales.
In stepped-up restructuring efforts, the electronics maker announced the sale of its Vaio computer business to Tokyo-based investment fund Japan Industrial Partners Inc. and a spinoff of its television business into a wholly owned unit from July.
The company now projects a full-year operating profit of 80 billion yen, against 170 billion yen in profit forecast in October, on unchanged sales of 7.7 trillion yen.
Source: Kyodo
