Sony To Delay Financial Results Announcement

Kazuo Hirai Sony
Masatoshi Okauchi/REX/Shutterstock

Sony said that it will delay its full year financial results announcement due to the impact of the recent earthquakes in Japan. It had been due to report next week, but said it will now push that back to an unspecified date in May.

News of the delay comes only a day after Sony revealed that its operating profits would miss the company’s forecast, but that its net results would slightly exceed previous guidance.

“Due to the earthquake of April 14, 2016 and subsequent earthquakes in the Kumamoto region, Sony Corporation expects that it will be unable to formulate the forecast for its consolidated results for the fiscal year ending March 31, 2017 in the usual timeframe,” it said in a statement.

It said that operations have been suspended at its Sony Semiconductor Manufacturing Corporation’s Kumamoto Technology Center, which is the primary manufacturing site for image sensors for digital cameras and security cameras as well as for micro-display devices. The quakes also affected third party suppliers.

“The suspension of operations at the Kumamoto Technology Center may have an adverse impact on Sony’s operating results, particularly in the Devices and Imaging Products & Solutions segments,” the company said.

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