Sanyo (TYO:6764) Rose on Media Report of 50pc Profit Increase
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.
Sanyo Electric Co., Ltd