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FinanceSony

Sony seeks to delay earnings due to hacking scandal

By
Ben Geier
Ben Geier
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By
Ben Geier
Ben Geier
Down Arrow Button Icon
January 23, 2015, 7:52 AM ET
JAPAN-SONY
Sony corporation president and CEO Kazuo Hirai speaks at the company's headquarters in Tokyo on November 18, 2014. Hirai was attending the "Sony IR (Investor Relations) Day 2014" meeting. AFP PHOTO / TOSHIFUMI KITAMURA (Photo credit should read TOSHIFUMI KITAMURA/AFP/Getty Images)Photograph by Toshifumi Kitamura — AFP/Getty Images

Investors may have to wait a little bit longer than expected to see how Sony’s financials look in the aftermath of the cyber attack that has consumed the company — and the media — since late last year.

According to a release from the company, Sony has filed with the Financial Services Agency of Japan seeking to extend the deadline for filing from Feb. 16 to March 31.

The release states that “a serious disruption of [Sony Pictures Entertainment’s] network systems occurred, including the destruction of network hardware and the compromise of a large amount of data on these systems” and notes that has a result, Sony had to shut down its entire network.

Learn more about the effects of the Sony hack from Coins2Day’s video team:

Due to this shutdown, Sony (SNE) says in the release that its financial and accounting systems may not be operational until early next month. Once that happens, the company plans to start preparing its quarterly earnings report, but doesn’t think it can be done by the deadline.

Sony had planned to release earnings on Feb. 4. Despite not anticipating being ready by then, the company still plans to have a conference with press and analysts to update investors on that day.

The release also notes that Sony does not think the cyberattack will have a material impact on its financial situation.

About the Author
By Ben Geier
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