We already know that when Sony reports its consolidated results forecast for the fiscal year, it will be lower than expected. That’s in part because Sony will be booking

 an impairment loss of ¥59.6B on its camera business. Operating Income for FY now estimated at ¥290B, down from ¥320B. 

Originally Sony had set April 28th aside for their earnings call but due to the recent earthquakes in Japan which have also affected two of their image sensor factories which provide optics for the iPhone, the company has announced a delay in their earnings results.

Sony will be delaying their consolidated results forecast for the Fiscal Year ending March 2017 due to the earthquakes in Japan.

— ZhugeEX (@ZhugeEX) April 22, 2016 

It’s unclear exactly when Sony plans on reporting their results, other than the vague May timeframe given. This is likely so they can better assess the damages done by the quakes which they will surely be asked about during the earnings call. Statement from Sony after the jump.

Postponement of the Announcement of the Consolidated Results Forecast for the Fiscal Year Ending March 31, 2017 due to the Impact of the 2016 Kumamoto Earthquakes

Due to the earthquake of April 14, 2016 and subsequent earthquakes in the Kumamoto region, Sony Corporation (“Sony”) expects that it will be unable to formulate the forecast for its consolidated results for the fiscal year ending March 31, 2017 in the usual timeframe. Accordingly, Sony will postpone the announcement of the forecast when it announces the actual consolidated results for the fiscal year ended March 31, 2016, scheduled for April 28, 2016, and plans to announce the forecast in May 2016.

Operations at Sony Semiconductor Manufacturing Corporation’s Kumamoto Technology Center (located in Kikuchi Gun, Kumamoto Prefecture) were halted after the earthquakes and remain suspended. The extent of the damage caused by the earthquakes is being evaluated and preparations for the rehabilitation of the site are underway, with priority being placed on the safety of employees. Measures to minimize the impact on business operations are also under consideration.

The survey of damage to the Kumamoto Technology Center conducted so far has revealed damage to certain parts of the building, clean rooms and production equipment. The timeframe for resuming operations has yet to be determined. The Kumamoto Technology Center is the primary manufacturing site for image sensors for digital cameras and security cameras as well as for micro-display devices.

The impact of the earthquakes on Sony’s consolidated results continues to be evaluated. The suspension of operations at the Kumamoto Technology Center may have an adverse impact on Sony’s operating results, particularly in the Devices and Imaging Products & Solutions segments. In addition, the earthquakes have caused damage to the manufacturing facilities of certain third-party suppliers of components to Sony, the impact of which on Sony’s business operations is currently being evaluated.

Discuss:

Do you think Sony’s outlook for 2016 is good?

[Via Sony]