View in Other Languages 
Tokyo, April 13, 2010 (ABN Newswire) - Shares of Sanyo Electric Co Ltd. (
TYO:6764) rose today after a media report that the electronics maker's operating profit would likely jump 50 percent this financial year, helped by the distribution network of its parent company Panasonic Corp.(TYO:6752), which acquired a majority stake in Sanyo in December.
Sanyo's operating profit is expected to climb to more than 45 billion yen ($483 million) on a 10 percent rise in sales to 1.7 trillion yen, the Nikkei said.
The company's consumer rechargeable battery business is expected to post a higher profit, helped by improved margins, but its car battery segment may post an operating loss. Sales of industrial products such as air conditioning systems and freezer showcases are likely to increase as Sanyo can now exploit the customer bases of Panasonic and its units, including Panasonic Electric Works Co.
TYO:6764) rose today after a media report that the electronics maker's operating profit would likely jump 50 percent this financial year, helped by the distribution network of its parent company Panasonic Corp.(TYO:6752), which acquired a majority stake in Sanyo in December.Sanyo's operating profit is expected to climb to more than 45 billion yen ($483 million) on a 10 percent rise in sales to 1.7 trillion yen, the Nikkei said.
The company's consumer rechargeable battery business is expected to post a higher profit, helped by improved margins, but its car battery segment may post an operating loss. Sales of industrial products such as air conditioning systems and freezer showcases are likely to increase as Sanyo can now exploit the customer bases of Panasonic and its units, including Panasonic Electric Works Co.
| Tweet |
|
||
|
 |
Related Companies |
>>>       Panasonic Corporation>>> Sanyo Electric Co., Ltd |
| |
Related Industry Topics: |
Consumer Electronics | Electronics General | Financial General | Manufacturing General | |
| |
This Page Viewed: (Last 7 Days: 100) (Last 30 Days: 450) (Since Published: 22300) |
(131040)
Events & Exhibitions
|
Site Search
| ENGLISH All Languages |
Upcoming WebCasts
 | Mr Mark Paton CEO Cue Energy Resources Tuesday, June 12, 2012 |
 | Mr Alan Hopkins CEO Pan Asia Corporation Tuesday, June 12, 2012 |
 | Mr Barry Dawes Martin Place Securities Tuesday, June 12, 2012 |
 | Dr Andrea Grant CEO Living Cell Technologies Monday, July 02, 2012 |
|
Sanyo Electric Co., Ltd | |||||
|
||||||
Companies in the News
Mobile Video TV
|
||
|
||
){kind=link}