Yesterday, Sony announced that vice president and PlayStation group leader Kazuo Hirai would be taking the reigns of company from current president and CEO Howard Stringer in April.
The headline figures in the report are an operating loss of $1.2 billion (£758 million)and a net loss of $2 billion (£1.3 billion) on revenue of $23.37 billion (£14 billion), the latter translating to a 17.4 percent year-on-year decrease.
Sony blamed the year-on-year sales decrease on external factors, saying it was, "primarily due to the impact of the floods in Thailand, deterioration in market conditions in developed countries, and unfavorable foreign exchange rates."
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