Saturday, December 13, 2025 | 12:43 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Sony shares dip on movie business impairment charge

Image

Reuters TOKYO

TOKYO (Reuters) - Sony Corp's <6758.T> shares slid as much as 4 percent on Tuesday to 3,362 yen after the company said it had booked a 112.1 billion yen ($986.97 million) impairment charge on the goodwill value of its movie segment in the quarter ended December.

The charge announced on Monday reflects a weaker profit outlook at its home entertainment business as online streaming services sap demand for movie DVDs, the company said.

Sony said it will disclose any impact on its earnings outlook for the current fiscal year when it releases its third-quarter results on Feb. 2.

(Reporting by Tim Kelly; Editing by Stephen Coates)

 

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 31 2017 | 6:36 AM IST

Explore News