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Monday, August 1, 2011

Sony group reported in the first of fiscal 2011 earings

Tokyo,July 28,2011-Sony grop reported in the first of fiscal 2011 earings.

  Consolidated operating income of 27.5 billion yen (340 million U.S. dollars) was recorded in the current
      quarter, despite year-on-year declines in sales and operating income due mainly to the negative impact
      of the Great East Japan Earthquake as well as the deterioration of the electronics business environment.
  Business operations that had been negatively affected by the Earthquake are recovering faster than
      anticipated in the May forecast.
  Despite lower projected annual LCD television unit sales compared to the May forecast and further
      unfavorable foreign exchange rates anticipated for the remainder of the fiscal year contributing to a
      lower consolidated sales forecast, the consolidated operating income forecast for the current fiscal year
      remains unchanged because the performance of most businesses is anticipated to exceed the May
      forecast.

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