Sony ( SNE) reduced the amount of its planned fiscal year-end dividend to 12.5 yen a share, the same as the previous fiscal year, from an originally forecast 20 yen a share.

The Japanese consumer electronics maker said it revised the dividend lower after it cut its earnings forecast in January "in light of the deterioration of the global business environment."

Sony said in January it expected to report a loss of 150 billion yen ($1.7 billion) in the year ending March 31, a reversal from a forecast it made in October of fiscal net income of 150 billion yen. Last fiscal year, Sony racked up 369.4 billion yen in net earnings.

The fiscal-year loss would be the company's first net loss in 14 years.

In a statement Wednesday, Sony said the final determination of the year-end dividend would be made in May.

More from Technology

Tuesday Turnaround in Politics: Is a Trade War on the Horizon?

Tuesday Turnaround in Politics: Is a Trade War on the Horizon?

FANG Stocks Get Swept Up in Broader Market Selloff

FANG Stocks Get Swept Up in Broader Market Selloff

Snap Shares Plunge After Cowen Cuts Price Target

Snap Shares Plunge After Cowen Cuts Price Target

Netflix Shares Hit All-Time High as Market Flounders

Netflix Shares Hit All-Time High as Market Flounders

18 Auto Stocks Trump Just Ran Over With His China Tariff Attack

18 Auto Stocks Trump Just Ran Over With His China Tariff Attack