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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.

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