Matsushita CE Segment Sales Rise 1%, Profit Soars
Osaka, Japan — Despite declines in sales of audio equipment, increasing sales of digital A/V products, both domestically and overseas, helped increase overall fiscal first-quarter business in the AVC networks segment at Matsushita Electric Industrial by 1 percent, hitting $7.7 billion, up from $7.5 billion in the first three months of last year.
Tokyo — The continuing decline of television sales, as CRT sets shifted toward flat-panel and plasma units, accounted for a 1.4 percent decrease in fiscal first-quarter sales for the consumer electronics segment at Sony. Sales dropped to $10.1 billion in the three months ended June 30, down from $10.2 billion in the year-ago period, as the newer digital TV models faced intense selling competition.
Tokyo — Sales in the home appliances segment at Mitsubishi Electric, which includes consumer electronics products and is the company’s largest business division, climbed 3 percent in the CE maker’s fiscal first quarter, hitting $1.91 billion, up from a year-ago $1.86 billion.
Osaka, Japan — Increasing sales of LCD TVs, mainly for large-size models, as well as mobile phones, contributed to a 10.9 percent climb in the audio/visual and communication equipment segment at Sharp in the company’s fiscal first quarter, increasing to $2.13 billion from a year-ago $1.92 billion. The segment includes mainly consumer electronics products.
Tokyo — Sales in the digital products segment at Toshiba, mainly CE products, climbed 6 percent in the company’s fiscal first quarter, hitting $4.6 billion, up from $4.3 billion. The increase was due to higher sales of hard disk drives and mobile phones, and increased sales of PCs in overseas markets.
Tokyo — Lower sales prices for flat-panel televisions, including plasma TVs, due to tougher marketplace competition, chewed into fiscal first-quarter sales at Hitachi, with the company’s digital media and consumer products segment, mainly consumer electronics, reporting an 11 percent decline in revenue, down to $2.7 billion from a year-earlier $3 billion.
Tokyo — Sales in the Americas climbed year-on-year, due mainly to growth of sales in rear projection televisions and camcorders, said Victor Company of Japan (JVC) in reporting its fiscal first quarter financial results.
Tokyo — Global growth in sales of plasma displays helped boost fiscal first-quarter home electronics segment overseas sales 11.3 percent at Pioneer, coming in at $410.9 million, up year-on-year from $369.1 million. The segment includes consumer electronics products.
Paris — Strong contributions from “growth engines,” such as DVD services and set-top boxes, boosted core net sales in the first half at French media and entertainment company Thomson by 11.8 percent, hitting $3.4 billion, up from $3.1 billion in the first six months of last year.