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Section 1. Business Year.
Sony's business year runs from April through March.
It also withdrew its forecast for a ¥18 billion net profit in the current business year.
Both Sony's mobile phone and gaming arms turned profits in the last business year.
The company said it had decided to cancel its dividend for the 2011 business year.
For this business year, Nintendo is aiming to sell 18.5 million of the devices.
Sony posted a loss of 456.7 billion yen ($5.84 billion) in its last business year.
In the business year that ended in March, Toyota earned 209 billion yen.
The business year of the Association shall be from January 1 through December 31.
Mr. Ghosn surprised analysts last week with a projection of higher vehicle sales this business year, which ends next March, compared with the previous business year, despite the big disruption in production.
The company raised its profit forecast for the business year through March to 14 billion yen from 6 billion yen.
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