Sanyo reports loss on digital camera sales : Sanyo, the troubled Japanese electronics giant undergoing a three-year restructuring plan, reported a first-quarter net loss of 26.2 billion yen ($233.9 million) Wednesday on falling sales of Sanyo Xacti digital cameras and mobile phones. The red ink for the three months to June 30 2005 compared with profit of 2.33 billion yen ($20.8 million) a year earlier, the company said today in a statement. Osaka-based Sanyo, which announced a sweeping 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.
Sanyo cuts digital camera production costs : Struggling Japanese electronics maker Sanyo Electric Co. Ltd. said on Monday it was making big strides in cutting digital camera production costs and was on track to hit its output target for this year. In an interview with Reuters, Morihiro Kubo, head of the company's camera division, also unveiled plans to double sales of its own-brand cameras by increasing output of its "Xacti C" series that can take both still pictures and video. Sanyo is one of the world's largest producers of digital cameras, but it supplies about 95 percent of its output to other companies such as Nikon Corp. and Olympus Corp. under original equipment manufacturer (OEM) agreements.
