Sony Corp. suffered a record ¥227.78 billion group operating loss for the business year that ended on March 31, blaming plummeting global demand and the yen’s surge against other currencies.

It was the first full-year operating loss for the electronics and entertainment giant in 14 years. Sony on Thursday also released a dim outlook for the current business year, saying it expects a ¥110 billion operating loss because the worldwide economic downturn will continue to create a harsh business environment.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.