The company will sell additional shares and hold a bond offering to raise the required funds that it says will be used to help it transform "into a highly profitable enterprise."
The company lost 126 billion yen ($1.05 billion) in the fiscal year ended in March, but it expects to turn that around with a 140 billion yen profit next fiscal year.
Dragging down the rest of the company Sony's mobile unit posts a quarterly operating loss of $1.6 billion on $2.8 billion in revenue.
For the first time, the e-commerce giant reports sales results for Amazon Web Services -- and they're whopping.
Forrester Research says the revenue hit to US cloud and outsourcing providers is less than initially expected because international customers boosted security instead of leaving.
An unmanned rocket carrying 4,000 pounds of cargo to resupply the International Space Station suffered launch failure.
A joint venture between Dixons Carphone and Sprint will expand the carrier's retail operation in the US.
The carrier lost $2.38 billion in the quarter thanks to charges related to its wireline assets and its brand.
More layoffs announced for mobile division, seen by Sony leadership as a key to the company's turnaround efforts.
The leading maker of mobile chips works to quell concerns about its business prospects and new high-end chip after it disclosed this week that a large customer dropped the chip from a major phone.