CE Supplier Financial Roundup - Twice

CE Supplier Financial Roundup

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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.

Sony CE Segment Sales Off 1.4%, Reports Loss


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.

Mitsubishi Electric CE Segment Sales Up


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.

Sharp CE Segment Sales Rise 10.9%


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.

Toshiba CE Segment Sales Climb 6%


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.

Hitachi CE Segment Sales Drop 11%


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.

JVC Reports 7% Drop In CE Segment Sales


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.

Pioneer Overseas CE Segment Sales Jump 11.3%


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.

Thomson Core Sales Rise 11.8% In First Half


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.

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