Menu
Sanyo sales up on strong demand for solar cell, battery

Sanyo sales up on strong demand for solar cell, battery

Strong sales of rechargable batteries and solar panels helped Sanyo achieve 4% higher sales in the April to September period, it said Wednesday.

Japan's Sanyo Electric recorded sales in the April to September period that were 4 percent ahead of its own target on the back of strong demand for its solar cells and rechargeable batteries, it said Wednesday.

The better-than-predicted results come as many of its competitors in the Japanese electronics sector are reporting lower sales because of weak demand for products and the strong Japanese yen. Sanyo said sales in the six months were ¥1 trillion (US$10 billion), which is also 3 percent ahead of last year.

The company hasn't been able to totally escape the downturn in the industry and costs associated with restructuring of its mobile phone business pushed net profit down a few percent from its previous forecast to ¥33 billion. However that's still more than double what it managed to achive last year.

Sanyo is the world's largest manufacturer of rechargable batteries and has made big bets on green-energy technology such as solar cells and solar modules.

During the six months sales of batteries rose 20 percent and those of solar systems jumped 37 percent. Together the two businesses made up a quarter of all sales during the period. In contrast Sanyo saw double-digit percentage drops in sales in its air conditioner, semiconductor and optical pickup businesses.


Follow Us

Join the newsletter!

Error: Please check your email address.

Featured

Slideshows

Kiwi channel closes 2017 with After Hours

Kiwi channel closes 2017 with After Hours

The channel in New Zealand came together to celebrate the close of 2017, as the final After Hours played out in front of a bumper Auckland crowd.

Kiwi channel closes 2017 with After Hours
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP honoured leading partners across the channel at the Partner Awards 2017 in New Zealand, recognising excellence across the entire print and personal systems portfolio.

Meet the top performing HP partners in NZ
Tech industry comes together as Lexel celebrates turning 30

Tech industry comes together as Lexel celebrates turning 30

Leading figures within the technology industry across New Zealand came together to celebrate 30 years of success for Lexel Systems, at a milestone birthday occasion at St Matthews in the City.​

Tech industry comes together as Lexel celebrates turning 30
Show Comments