Sony Corp. missed analysts profit estimates for the next fiscal year, largely due to the record earthquake that hit Japan and a string of attacks from hackers.
Meanwhile, the company reported a net loss for the current fiscal year ending March 31, though revenues actually rose for some segments of the company.
Sony said it estimates that it will turn a profit of ¥80 billion yen ($978 million) by March 2012. Prior to the earthquake, many analysts had predicted it would be more than ¥100 billion.
For the current fiscal year, Sony reported a loss of ¥259.6 billion ($3.1 billion). Much of that was due to a one-time charge, writing off a tax credit.
During a conference call with investors, Sony Chief Financial Officer Masaru Kato said the company expects supply chain problems to hit most of its products lines. Most of this is due to the earthquake idling 10 factories, though he said nine of them are operating again.
The affected manufacturing plants make many of Sony's core products. In its presentation Sony noted that most of the factories have resumed at least partial operation.
Much of the pressure from the quake, Kato said, will be felt in the first part of the fiscal year, though that will vary.
Kato said that the company's estimates of the cost of the security breaches - about ¥14 billion ($171 million) - only included the immediate, fixed costs, such as beefing up the company's computer security. It is not clear, he said, what the cost will be if the credit card information stolen is misused.
Sony has compensated users of the PlayStation Network, Qriocity and online entertainment services with offerings such as a month of free service. But there is still the possibility that Sony may compensate users if their stolen credit cards numbers get charged. Another possibility is a class-action suit settlement. Already an Alabama resident has filed one over the damage he may suffer as a result of the hacking. The suit is pending.