Various Japanese earnings news today and, as with Nintendo , most of it’s pretty dire. Sony’s hit from the earthquake and PSN outtage has inevitably contaminated this quarter, but it’s suffered from slow Bravia TV, PC and camcorder sales too. Together, these factors contributed a hefty ¥15.5 billion ($200 million) loss inside the three months to the tip of June, in comparison to a ¥25.7 billion profit for a similar quarter last year.
Meanwhile, Fujitsu also lost ¥20.4 billion, which it largely attributed to a 6.7 percent decline in Japanese sales following the disaster. However, sales in other countries also fell 5.3 percent, reflecting a more robust yen and general loss of consumer demand.
Despite everything, Sharp managed to make an operating profit of ¥3.5 billion — but this was down an eye fixed-watering 84.4 percent at the same period last year. Like Sony, the corporate is plagued by weak demand for TVs, and says it’s switching one in all its main TV panel plants to make smaller panels for mobile devices instead — including the iPhone and iPad.
There has been some more upbeat news from Toshiba, however, which has managed to remain inside the green. It reported a slight rise in net quarterly profit to ¥470 million as a consequence of demand for its power systems and residential appliances. Not less than that’s a note worth ending on.
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