Around The Loss-making Enterprises Worldwide Sony And Other Japanese Enterprises Heavy Losses -

Been hit Japanese companies, Financial Statement Analysis

New year, many international giants are in accordance with established practice, announced a quarter (or year) and earnings data, we found that IT industry, only a few companies to remain profitable, and most have a deficit even huge losses, including from the United States, Japan and other developed countries, the most disastrous business losses, the following day we first look at a few enterprises in the financial numbers.

Example Sony Said recently, are expected to end on March 31 will occur in fiscal 2008 a record 260 billion yen (about 2.9 billion U.S. dollars) loss, the figure with the previous fiscal year's 475.3 billion yen profit formed contrast.

Currently working with Sony Samsung Electronics and Canon were in the field of LCD TVs and digital cameras competing. Development of the global financial crisis, global recession, consumer demand for digital products declined sharply. With inventories up and prices plummeted, Sony's various sectors, from semiconductors to the movies and then to the insurance, feel the throes of recession.

With a walkman in Sony's portable music player to create a market, it has lagged far behind Apple's iPod. In 90 years from the last century, since the dominant video game console market, Sony and Nintendo have fallen into bitter struggle. Sony PlayStation3 third quarter sales of 4.9 million from the same period last year the audience dropped to 4.46 million units.

At Sony headquarters building in Tokyo, Japan

According to Kyodo News reported that Panasonic announced on February 4 down 08-year results expected loss of 380 billion yen net profit is expected (about 4.2 billion U.S. dollars). The reason is the main digital

Home Appliances Business by the impact of falling prices and sluggish overall sales decline, so Panasonic decided to close two manufacturing electronic components factory in Malaysia and the Philippines, the battery factory, and will further integrate the production point, as soon as possible to improve the profit structure.

Toshiba is expected to be the end of March at the end of fiscal year 2008, net loss will reach 280 billion yen (about 3.1 billion U.S. dollars). In addition to the impact of global recession, the Toshiba said the surge in the yen serious impact on export profits and change in Japan

Mobile Industry pricing model. This is after following the defeat of HD-DVD, Toshiba suffered another huge loss.

And more than three companies, Hitachi's situation is even worse, according to foreign media reports, Hitachi expects fiscal 2008 loss will reach a record 700 billion yen (about 7.8 billion U.S. dollars), which is from the United States Since the subprime mortgage crisis occurred in Asia's largest annual loss. Hitachi said that weak demand, a subsidiary losses, taxes, asset write-down and the yen, leading to the company's losses exceed the highest previous record loss of about 44% of the main reasons.

Meanwhile, Japan's neighbors?? Korea is not very good days too. At the just-released fourth quarter 2008 earnings report, Samsung and

LG Have emerged for the first time since the loss of many years, of which Samsung net loss 14.4 million U.S. dollars, while LG is subject to

Flat Panel TV

Subsidiary of huge losses and slumping mobile phone business, the total deficit of up to 500 million U.S. dollars.

by: gaga

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