TOKYO May 23 Sony on Monday changed
its earnings estimate for the year to March 2011 to a net loss
of 260 billion yen ($3.2 billion) from a profit of 70 billion,
in the company's first indication of the financial impact of the
devastating March earthquake and tsunami.
The company maintained its estimate of an operating profit
of 200 billion yen, which compares with analysts' consensus of
197 billion yen, according to a SmartEstimate by ThomsonReuters
I/B/E/S. SmartEstimates place additional weight on recent
forecasts by top-rated analysts.
The maker of Bravia televisions and Vaio computers is set to
announce its January-March earnings on Thursday.
Sony factories in northeastern Japan were among those
damaged in the March 11 disaster, which also snarled the
electronics industry's supply chain and triggered a plunge in
Many of Sony's rivals, including Panasonic Corp ,
have yet to issue forecasts for the current financial year to
March 2012, due to lingering uncertainty over the effects of the
($1 = 81.710 Japanese Yen)
(Reporting by Isabel Reynolds; Editing by Edmund Klamann)