Sony reveals $1bn Kumamoto loss

Source: Sony reveals $1bn Kumamoto loss

Sony reveals $1bn Kumamoto loss

Matthew Neill 27 May 2016

Technology giant Sony has revealed that it expects losses from the Kumamoto earthquakes to result in a 115bn yen ($1bn) hit to its operating income, the company announced today (27 May).

The losses comprise an estimated 45bn yen impact to the manufacturer’s imaging products and solutions segment and a 60bn yen loss in its devices branch.

Sony also said approximately 10bn yen in fixed costs that were scheduled to be allocated to these two segments are no longer expected to…

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