In a statement this morning Sony have given an estimate of the costs of the PSN Hack. The statement is an update on their financial forecasts that they have produced ahead of their more extensive financial results that we are expecting later this week.
Naturally they do not refer to the episode as a hack, calling it “the unauthorised network access”. They state that their estimate of the currently known costs resulting from the cyber attack are ¥14 billion ¥18 billion. In monetary terms you are more likely to understand that is £106m or $172m £137m or $221m.
Understandably of far larger impact to their financial situation is the Great East Japan Earthquake and its after-effects. For the year to 31st March 2011 Sony say they expect it to have reduced their operating income by ¥17bn (£129m, $208m).
The impact of the earthquake and tsunami to Sony’s bottom line will of course be much greater during their current financial year as it happened so close to the end of their last. For the year ending 31st March 2012 they anticipate a reduction of approximately ¥150bn (£1.14bn, $1.84).
Source: Sony
Currency conversion rates used: £1 = ¥131.525 and $1 = ¥81.585. (BBC Market Data)
Update: Checking the data again following today’s investor call the estimated cost figure for the impact of the PSN hack has been revised to ¥14bn from the ¥18bn we reported earlier. The numbers in the text above have been changed to reflect that.
Foxhound_Solid
Hackers are knobs.
pamlstano
I don’t think that they recover their lost profit in months. As per their financial situation, I think that Sony takes time for recover its bankruptcy .