Sony will release their fiscal year earnings on Thursday and today they released their revised predictions for the fiscal year that ended on March 31st 2011. They are reporting what they expect to be a $3.2 billion loss for this time period which is an extremely large amount of money. This includes losses due to the tsunami and earthquake as well as tax problems and overall internal costs. Although the PSN being down fell outside of this time period, Sony still stated that what types of losses they are expecting to see due to the PSN hacking.
Sony’s estimates for their costs associated to the hack are being “estimated to be approximately 14 billion yen on the consolidated operating income level.” This is around $171 million in US currency. This number comes from the welcome back program costs, the identity theft protection program, customer support, network security being beefed up and legal costs. The numbers do not include any of the class action lawsuits that are currently being leveled against Sony, and do not include the possibility of anyone’s credit card or identity being stolen due to the loss of information. If these things due end up coming to fruition then the costs would obviously rise.
