The projected loss is tied to Sony's ongoing restructuring, and the costs of that bleeding into this year. Despite recording 177.4 billion yen ($1.74 billion) in "impairment charges" last fiscal year, Sony expects approximately 135 billion yen ($1.32 billion) in remaining costs this year, with 80 billion yen of that ($783 million) related to losses from exiting the PC business back in February.
As far as the PlayStation division goes, the outlook is rosier for the newly segmented "Game and Network Services" (Sony used to report the results of the "Game" division on its own). Sales rose by nearly 40 percent in the last fiscal year thanks to the PS4, but launching a new console contributed to an operating loss of 18.8 billion yen ($184 million), as did the closure of several MMOs. However, Sony expects to turn that loss into a gain this year.