Sony to Post Huge Operating Loss: Reports

TOKYO -- Sony(SNE Quote) will post a 100 billion yen ($1.1 billion) operating loss this fiscal year through March, its first since 1995, media reports said Tuesday.

The electronics giant has seen sales of its liquid crystal display screens and other products fall, and its bottom line has been hurt by the strong yen, which cuts profits on goods sold abroad, the Nikkei business newspaper and broadcaster NHK reported.

The losses are coming from the company's core electronics division, which has long been a steady source of profits, the reports said. The Nikkei said Sony's operating loss could balloon to as much as 200 billion yen ($2.2 billion). ...