In its report, Sony said that the biggest factor in the shortfall was the result of a ¥360 billion ($4.4 billion) charge related to deferred tax assets in Japan. The Great East Japan Earthquake was also a factor, as was the fact that sales were down in every division of the corporation save two: the Consumer, Professional & Devices segment, which handles HDTVs and other electronics, and the Networked Products & Services division, which encapsulates Sony Computer Entertainment. In fact, results were so good at the Networked Products & Services division that Sony credited it with helping bring the company's overall operating income from ¥31.8 billion ($387.94 million) to ¥199.8 billion ($2.44 billion). As for the division itself, it reported ¥35.6 billion ($434.23 million) in operating income, way up from the ¥83.3 billion ($1.01 billion) operating loss it suffered during the previous fiscal year. Overall Networked Products & Services revenue was nearly flat at ¥1.57 trillion ($19.15 billion).