Demise of Sony is a body blow for corporate Japan

Like Japan, Sony needs to adjust to a slower growth environment and continue diversifying

As the 'Sony shock' continues to stun investors around the globe, many are asking: Where were the analysts? Sony had a net loss of ¥111.1bn ($927m) in the three months ended 31 March, triple some analysts' estimates. The loss caught markets flat-footed. Investors like Kerry Goh, who helps manage $11bn in assets outside the US at AIB Govett (Asia) in Singapore, says he felt 'speechless and totally disgusted' because no one saw the loss coming. Goh was able to sell some of his holdings in Sony in April. Long the vanguard of Japan, Sony is perhaps the last company investors thought would ...