Summary Box: Panasonic projects record net loss

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WEAK OUTLOOK: Panasonic nearly doubled its projected net loss for the fiscal year to a record 780 billion yen ($10.2 billion).

THE REASONS: Weak TV and mobile phone sales and ongoing restructuring costs after acquiring smaller Sanyo Electronics Co.

BIGGER PICTURE: Japanese electronics makers Sony and Sharp have also predicted huge losses for their fiscal year. That reflects the battering these brand name companies have taken from the yen’s surge, a weak global economy, last year’s tsunami disaster as well as flooding in Thailand, which disrupted supply networks.