According to a revision of Sony’s fiscal year results, the company lost nearly $441 million due to the impact of the Great East Japan Earthquake and PSN intrusion.
“The impact of the Earthquake on sales is estimated to be approximately ¥22 billion ($270 million),” said Sony.
“During the fiscal year ended March 31, 2011, Sony expects to record charges of approximately ¥12 billion ($147 million), consisting principally of idle facility costs at manufacturing sites and an incremental provision for life insurance policy reserves.”
“In addition, there is an approximately ¥5 billion ($61 million) impact from the estimated net margin loss associated with a decrease in sales resulting from the Earthquake and an estimate of variable costs.”
Furthermore, Sony expects to spend another ¥11 billion ($135 million) in repairing buildings, machinery, and the removal of damaged inventory. However, with certain insurance policies in place, Sony plans to offset almost all of these losses and expenses through insurance claims.
As for the damage done by the anonymous hacker groups in April, Sony said it will set the company back about ¥14 billion ($171 million).
“Based on information currently available to Sony, our currently known costs associated with the unauthorized network access are estimated to be approximately ¥14 billion in the fiscal year ending March 31, 2012.”
The details of the consolidated results forecast for the fiscal year ending March 31, 2012 is scheduled to be announced on May 26, 2011. Also, keep in mind that Sony is rumored to have the PlayStation Store back up and running tomorrow after a month of downtime. The next few weeks are expected to be overloaded with plenty of PSN game releases, so be sure to check them all out.