Sanyo Electric Co. is considering selling off in stages its home electrical appliance section, including its air-conditioner and refrigerator lines.
Sanyo, which is undergoing corporate rehabilitation, intends to announce the reforms, including selling its home appliance business, in its master plan at the end of November to streamline its entire operation.
Sanyo's home appliance sales for the business year that ended in March 2007 were down 2.2% from the previous year. While home electrical appliances are a major part of the firm's business, accounting for about 10% of its consolidated net sales, its operating income has been in the red for the past six years.
The company said that it will examine its product lines to determine whether to transfer production, collaborate with other firms, or sell the lines in stages.
to Daily News