Now slaughters electronics giant its earnings forecast.
After the two powerful earthquakes off the Kumamoto in southern Japan in April, Sony was forced to close its chip plant in the city. The cost of repairs and lost sales is expected to land at 60 billion yen, equivalent to 4.6 billion.
Billion Bang was a major contributing factor to the Japanese electronics giant’s profit forecast now miss analysts’ expectations significantly.
Sony postponed its full-year forecast to have time to analyze the effects of the earthquake, and now expects net income falls 46 percent to 80 billion yen for the fiscal year extends until March 2017.
the earthquakes took place on 14th and april 16th. At least 49 people were reportedly killed and over 3000 shall have been damaged. More than 44 000 people were evacuated from their homes due to the earthquake.
FEATURE: The water has become the new oil – starting wars and attracts investors
No comments:
Post a Comment