Tokyo: Sanyo Electric Co on Friday revised
upward its group operating loss projection for the April to
September period, now forecasting a profit of 3 billion yen on
the back of nascent recovery in chips and electronic
components.
The Osaka-based company had projected an operating
loss of 5 billion yen in July.
But its group net loss forecast for the six-month
period was expanded from an earlier 35 billion yen to 37
billion yen due partially to about 10 billion yen in costs for
recalling defective washer-dryers. It expects group sales of
780 billion yen, slightly down from an earlier projection of
800 billion yen.
Sanyo, which will soon turn into a subsidiary of
Panasonic Corp, will announce its earnings results for the
first half of the current business year through next March
next Thursday.
Bureau Report
First Published: Friday, October 23, 2009, 20:25