Financial Roundup

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Matsushita CE Segment Sales Rise 5% For Year
Osaka, Japan — Strong sales in flat-panel TVs, digital cameras and other digital A/V equipment were more than sufficient to offset sluggish sales in VCRs and audio equipment, helping the video and audio equipment business in the AVC Networks segment at Matsushita Electric Industrial increase fiscal 12-month sales by 5 percent, climbing to $13.9 billion from a year-ago $13.4 billion.

Sony CE Annual Sales Flat
Tokyo —Sony’s CE sales remained essentially flat during the company’s fiscal year, ended March 31, coming in at $46.9 billion, down less than 1 percent from the $47.6 billion reported for the previous fiscal 12 months.

Gateway Q1 Revenue Off 3.5%, Loss Narrows


Irvine, Calif. — Although first-quarter revenue fell 3.5 percent at personal computer maker Gateway, the company posted a narrower net loss as job cuts and store closings brought relief to the bottom line.

Sharp CE Segment Sales Increase 16%


Osaka, Japan — Sales in the audio-visual and communication segment at Sharp jumped 16.1 percent in the company’s fiscal year, hitting $9.2 billion, up from $7.9 billion in the year-ago period. Sales of LCD color TVs, mainly for large-size models, and 3G mobile phones, increased during the period year-on-year, contributing to the overall sales increase.

Cobra Moves Into Black


Chicago — Excess retail inventory in certain categories coming out of the holiday season helped lower first-quarter sales at Cobra Electronics by about 15 percent, down to $19.3 million, from $22.7 million in the year-ago period.

Sanyo Consumer Group Sales Flat For Year


Osaka, Japan — Sales in the Sanyo Electric consumer group were essentially flat in the 12 months, ended March 31, moving up to $11.8 billion, from $11.7 billion.

Mitsubishi CE Segment Sales Jump 11%


Tokyo — Ongoing growing sales of DVD-related products, LCD televisions and digital A/V products helped lift 12-month sales 11 percent for the home appliance segment at Mitsubishi Electric. Sales reached $8.2 billion for the year, up from $7.4 billion last year.

Toshiba CE’s Sales Up 7% For Qtr., 11% For Yr.


Tokyo — By focusing on high-value-added consumer electronics products, particularly small- to medium-sized displays, and promotions that expanded overseas sales, Toshiba was able to increase both fiscal fourth-quarter and fiscal 12-month sales in its digital products segment.

JVC Records 1.7% Dip In CE Sales


Tokyo — The consumer electronics segment at Victor Company of Japan (JVC) reported a 1.7 percent sales decline in the company’s fiscal year, sliding to $5.92 billion from a year-ago $6.02 billion.

TDK Media Sales Drop 17.2%


Tokyo — Fiscal-year sales for the recording media and systems segment at TDK dropped 17.2 percent to $1.1 billion, down from $1.3 billion in the year-ago period.

Pioneer’s Annual CE Sales Rise 7%


Tokyo — Sales of plasma displays and DVD recorders pushed up fiscal-year revenue at Pioneer 7 percent in the company’s home electronics segment. Sales reached $2.84 billion for the 12 months, compared with $2.66 billion in the year-ago period.

Amazon N.A. CE Segment Sales Rise 25%


Seattle — First-quarter North American sales in the electronics and other general merchandise segment at Amazon.com increased 25 percent, hitting $282 million, up from $224 million in the year-ago three months.

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