The company lost 772 billion yen in the previous year, and expects to make 260 billion yen this year.
Net revenues surged 60% to 5, 501.5 billion yen in the first quarter while the operating income jumped to 353 billion yen.
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The 110 billion yen loss attributed to the earthquake was dwarfed by 290 billion yen in losses due to shifting exchange rates.
The carmaker says that one yen of appreciation for the Japanese currency translates into a 30 billion yen hit to its bottom line.
It had marked a 283.5 billion yen profit through March 2012.
In a statement, Advantest said it has about 1.7 billion yen in outstanding investments deposited with AIJ, equal to about 8% of its total pension-fund investments.
Katayama notes that Sony has averaged 140 billion yen in operating profit over the past 10 years, generating almost 80% of that from financial services and Sony Pictures.
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More specifically, the BoJ will increase purchases of exchange traded funds (ETFs) by 1 trillion yen per year and real-estate trust funds (REITs) by 30 billion yen per year.
Sony had sunk to a 255.2 billion yen loss for the January-March period in 2012, slammed by its money-losing TV business and competition from rivals Apple Inc. and Samsung Electronics Co.
The Japanese firm too was battered and reported a record 335.8 billion yen loss for the fiscal year ended March 31, thanks to a massive write-down of its investment in Ranbaxy.
Net income for the quarter was 290.3 billion yen.
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Furthermore, as a result of the restructuring measures implemented during FY12, including those announced today, Sony anticipates an annual reduction in fixed costs of approximately 30 billion yen from the fiscal year ending March 31, 2014 onwards.
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Focusing on the next year, the company maintains that it'll increase net income to 10 billion yen in the next twelve months, with a focus on selling "the compelling nature" of its gaming hardware, as well as pushing its 3DS more in foreign markets.
If money printing works in the real world why not print and give every one a billion dollars, euros or yen?
For Toyota were the yen to rise to 79, operating profit would decline by JPY 35 billion.
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