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Daily News

Sanyo '05 Loss: $1.8 Billion
May 22, 2006
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Sanyo Electric Co., Ltd. (Tokyo) announced a fiscal year 2005 net loss of 205.661 billion yen (approx. $1.834 billion) compared to a loss of 171.544 billion yen (approx. $1.529 billion) in fiscal 2004.

Sanyo said net sales were 2.397 trillion yen (approx. U.S. $21.293 billion), compared to 2.485 trillion yen (approx. $22.071 billion) in 2004. Net income was 205.661 billion yen (approx. $1.827 billion), compared to 171.544 billion yen (approx. $1.524 billion) in 2004. Sanyo forecast a 2006 net income of 20 billion yen (approx. $178 million).

Sanyo Consumer Group net sales in fiscal 2005 were 1.147 trillion yen (approx. $10.236 billion), compared to 1.228 trillion yen (approx. $10.954 billion) in fiscal 2004. Consumer Group products include TVs, LCD projectors, digital cameras, telephones, information equipment, refrigerators, air-conditioners, and washing machines

Sanyo Commercial Group net sales were 234.962 billion yen (approx. $2.095 billion), compared to 212.842 billion yen (approx. $1.898 billion) in 2004. The Commercial Group makes commercial air-conditioners, commercial refrigeration and refrigerated display cases.

The other primary Sanyo business is the Component Group, whose products include semiconductors, electronic components and batteries. Net sales in 2005 were 193.567
billion yen (approx. $1.732 billion), compared to 216.757 billion yen (approx. $1.940 billion) in 2004.

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