World record giant loss

$ 10 billion loss last year, describing the Japanese electronics giant Panasonic has announced this year he expects damage in the same figure. Thus, a total of 25 billion dollars in the last 5 years of loss-making companies to distribute dividends for the first time after 62 years.
Established in 1918, Panasonic is having the greatest reduction in recent years. The company last year announced losses of 10 billion dollars, the largest in history. Set to expire in March of 2013 and 765 billion yen in the fiscal year (ie 9.6 billion) is expected to hurt. The Kazuhiro Tsuga per Panasonic this year, "This is sad but one of the companies declining customer electronic products," he said. High amount of the tax paid by the company's loss is so high that the result is expressed. Because Panasonic's 413 billion yen this year, or about $ 5 billion in taxes will.

Decline is not the only Japanese company Panasonic. Sony and Sharp to share the same fate. Sony 6.4 billion dollars last year, Sharp announced 4.7 billion dollars in damage.