Hirai apologised to investors for not meeting shareholder expectations and said he would plough on with restructuring efforts in a bid to return the Japanese electronics firm to profit.
The firm forecast another year of losses, its sixth in seven years, as it struggles to keep up with competition in the electronics market and has experienced losses of £491m since Hirai's arrival in 2012.
Most Popular Stories
- Rackspace Ends Talks About Possible Acquisition
- Missouri GM Plant Adding 750 jobs
- Mercedes Rolls Out S550 Plug-in Hybrid
- Poverty Rate Drops for First Time Since 2006
- Aaron Hernandez: I Felt Helpless to Refuse Police
- Parameters Being Drawn for IS Action
- Cedeno Named USHCC Businessman of the Year
- Anheuser-Busch, Visa Voice NFL Disapproval
- Can Kobach Keep Taylor's Name on Ballot?
- Two-thirds of Hispanics Doubt Media Accuracy