twice connect

Sanyo Consumer Group Posts Fiscal Year Loss

5/18/2006 03:33:00 PM Eastern

Tokyo — Lower sales of digital still cameras, phones, information products and certain major appliances created an $87.5 million loss for the Sanyo Electric consumer group during the fiscal year, ended March 31.

During the previous fiscal year the group had operating income of $287.1 million.

Net sales for the group during the year hit $10.2 billion, down from the previous fiscal year’s total of $10.2 billion, Sanyo reported.

The company’s battery business, part of the component group, was a bright spot with higher sales and earnings. Fiscal year 2005 sales in batteries reached $3.71 billion, $300 million higher than the previous year. Operating income for the category was $316.5 million, a $140.1 million gain.

North American sales across all categories — consumer, commercial and component products — reached $3.19 billion vs. the previous year’s $3.09 billion.

Corporately across all categories the company reported a net loss of $1.86 billion, $300 million more than the previous year. Sales for the fiscal year fell to $21.9 billion from the prior year’s $22.7 billion. Quarterly financial results were not provided by the company.

ProSource Meeting Filled With Optimism

San Antonio — Optimism reigned at ProSource’s

Ingram Draws 500 To Spring Vendor Expo

Scottsdale, Ariz. — Ingram Micro Consumer

CEA Holds ’14 Digital Patriots Dinner

Washington — CEA held its annual Digital Patriots’

8 Technology Accessories For a Greener Earth

An Earth Day review of Earth-friendly products, by

BrandSource Shows Diverse Product Selection

BrandSource’s Summit show at the Marriott World

Scenes From Toy Fair

By Lisa Johnston

ADL Honors Morales, Bilas, Paull, Weedfald At Annual Dinner

New York — The Anti-Defamation League’s National