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.
The loss for business 2008 marked a sharp contrast with the ¥475.30 billion profit Sony posted the year before.