said Monday it would post a loss of 260 billion yen ($3.19 billion) for its just-ended fiscal year because of the impact of the March 11 Japanese earthquake and tsunami.
In February, Sony said it expected net income of 70 billion yen. In the previous fiscal year, Sony lost 40.8 billion yen.
The company said it would record a charge of about 360 billion yen in the fourth quarter ended March 31 for deferred tax assets.
Sony, in a statement on its Web site, trimmed its sales outlook slightly to 7.18 trillion yen. Operating income is expected at 200 billion yen, the same as Sony's February forecast.
Sony said it expects to be profitable and that sales will be higher in the fiscal year ending March 31, 2012, despite the impact of the earthquake.
Sony is expected to post actual results on Thursday.
-- Written by Joseph Woelfel
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