Sanyo on the down and out
Sanyo is expected to forecast a net loss of ¥230 billion (US $1.93 billion) for this year, an increase from ¥140 billion in September, which was again an increase from ¥92 billion in April. Executive Director Satoshi Iue, the son of the company’s founder, is expected to resign to take responsibility for the company’s losses. The full story is available from Reuters and The Japan Times.
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