Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Sanyo Reports Declined Q2 Sales
Jul 27, 2005
 Printable format
 Email this Article
 Search

Japan-based consumer electronics maker Sanyo Electric Co. reported a first-quarter net loss of 26.2 billion yen (approx. U.S. $234 million) compared to a profit of 2.33 billion yen (approx. $20.8 million) in the same period last year. According to the company, the loss is attributed to declined sales of digital cameras and mobile phones.

Sanyo, which announced a revival push earlier this month calling for massive job cuts, is trying to dig out from an unexpected loss last year brought on by tumbling prices and damage from an earthquake.

Sales fell 8.6 percent to 569 billion yen (approx. $5.08 billion) in the first quarter, from 662.4 billion yen (approx. $5.19 billion) in the same quarter last year, thanks to poor showings for consumer electronics and components. Falling prices and tougher competition drove sales of gadgets such mobile phones and digital cameras down 12.2 percent in the quarter.

Sanyo announced a turnaround plan calling for cutting 14,000 jobs, or 15 percent of its global workforce, slashing factory space by about a fifth, discontinuing some lines, and cutting debt by about half. The company also appointed a new management team to revive the company after it posted a net loss of $1.53 billion in fiscal year 2004. (AP)

Back to Daily News

 

Daily News

...........................................................

Dec 22, 2014: DOE's Building Technologies Office releases Roadmap for Emerging HVAC Technologies

Dec 19, 2014: Whirlpool Corp. provides guidance for 2015

Dec 19, 2014: Panasonic to showcase built-in appliances at LivingKitchen 2015

Dec 19, 2014: New residential construction in November 2014

Dec 19, 2014: 2014 U.S. steel production up 0.7% from 2013

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows