(FINANCIAL TIMES) TOKYO – Sony on Thursday sought to assure investors that its latest restructuring effort was bearing fruit, saying it expected to follow a record 2011 net loss with its first full-year net profit in five years.
The Japanese electronics and entertainment group, which is preparing to cut 10,000 jobs, or 6 per cent of its global headcount, and scale back its unprofitable television manufacturing business, forecast a narrow Y30bn net profit for the year to next March.