Sony‘s third-quarter results for the period ending December 31 show a net loss of 10.8B yen ($124M). That marks the eighth straight quarterly loss for the Japanese giant but is a marked reduction from the $1.7B loss in the same period a year prior. Operating income was reported in the black at $534M compared to a much bigger loss in the comparable period last year. Sales and operating revenue climbed 6.9% to $22.4B and that hike was largely due to a weakening yen along with boosts in the mobile products & communication, film and financial services divisions. The movie business saw a 30.1% increase to $2.4B in sales and operating revenue and $291M in operating income. In part, Sony has James Bond’s more than $1B in box office to thank for that. The global juggernaut Skyfall, along with Hotel Transylvania, helped boost the division with home entertainment revenues aided by the strong performance of The Amazing Spider-Man and Men In Black 3. The corporation expects to have positive net income this year which would be the first time it’s been profitable in half a decade.


Well, Sony sold its property in Manhattan a couple of weeks ago for $1 billion… take that out of the equation and the company’s results look worse than last time. Sony management is king in bullshitting. The company’s done for.
Anonymous is a clown who knows nothing about financial reporting. Go back to flipping the fries and dreaming that someone will notice your outfit at Comicon next year.
The king of BS-ing? Haha yeah, like no one else in Hollywood does it. LOL. The hyperbole on this website at times makes me laugh, and I still remember the days when Ryan Kavanaugh bragged about using surefire computer algorithms to maximize the box office returns of Relativity Media’s films! Just imagine, if everyone quit when the going got tough … oh wait, that’s what Western companies do nowadays and we’ve been getting low growth and increasing debt ever since. Ahhh.
Actually the 1 bil sale is not reflected in this earnings report. The deal closes in march so it will be on the next earnings report.
Kaz is the man!
I see Sony is making a recovery little by little. Maybe if they can sell another facility (not the SPE studios), then their shares may increase more. Mr. Hirai knows what he’s doing and I gotta give him that.