Ðề: Kết thúc năm tài khóa, Panasonic thua lỗ 5,9 tỉ Bảng
Saturday, May 12, 2012
Panasonic logs record net loss of ¥772 billion
Electronics icon ends tough year by joining Sony in stock plunge
AFP-Jiji
Panasonic Corp. on Friday posted a record ¥772.2 billion annual net loss, one of the worst ever recorded by a nonfinancial firm, after the electronics titan was hammered by a strong yen, natural disasters and stiff competition from foreign rivals.
Earlier in the day, Panasonic and Sony Corp. saw their share prices plunge to 30-year lows as investors fretted about the prospects of two of Japan's most iconic firms.
Shares in Sony, which reported a record ¥456.66 billion annual loss Thursday, sank 6.43 percent to close at ¥1,1135, while Panasonic's stock price fell 1.55 percent to end at ¥570.
"The result (for Panasonic) was due mainly to price declines and the appreciation of the yen, in addition to the sales declines effected by the Great East Japan Earthquake and the flooding in Thailand," the company said in a statement.
But Panasonic predicted it would return to the black in the year ending in March 2013 with a net profit of ¥50 billion.
"Although the company expects some risks to continue, the global economy is expected to show a slow recovery in fiscal 2013," the company said.
"Under such business conditions, Panasonic regards fiscal 2013 as the first year in which it will achieve positive results following large-scale structural reforms and reorganization," it added.
The results contrast sharply with Panasonic's ¥74 billion net profit logged in the year to March 2011, as well as its first ¥30 billion profit forecast for the current year.
Panasonic, like Sony, has been taking major losses from its TV business. Then its debt soared with the takeover of smaller rival Sanyo.
A miserable year for the company, the nation's third-largest handset maker behind Sharp and Fujitsu, saw it downgraded by two credit ratings agencies and announced a plan to reduce its workforce by 17,000 people.
Panasonic logs record net loss of
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rack up - Idioms - by the Free Dictionary, Thesaurus and Encyclopedia.
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