Word: sanyo
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Dates: during 2000-2009
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Tomoyo Nonaka SANYO'S NEW ANCHOR...
...back on TV, but this time on the other side of the interview. Tomoyo Nonaka, 51, Sanyo's new CEO, is better known as a charismatic news anchor and financial reporter. She is now charged with cutting the electronics giant's work force by 14,000 and selling 20% of its factories to reduce debt. Some called the appointment of a business neophyte--announced two weeks after Sanyo forecast its worst loss ever--a p.r. stunt. "Numbers will show," Nonaka responds. "But in the meantime, if people show interest in me and Sanyo for the publicity value, that's great...
With oil prices heading toward $70 a barrel, the age of the solar panel is dawning at last, and electronics companies from the land of the rising sun are leading the way. Decades of money-losing research and development are finally paying off at Japanese electronics giants like Sharp, Sanyo, Mitsubishi and Kyocera, who together control about 50% of the global market. "The solar units of these companies are already real businesses, and they are only going to become larger parts of their operations," says Yuki Sugi, a Lehman Bros. analyst in Tokyo who covers Sharp and Sanyo...
Sharp, the world's market leader, sold more than $1 billion worth of solar panels last year and expects a 28% increase this year. Sanyo expects a 60% sales increase this year, and at Kyocera, solar panels account for 5% of the company's total sales and 12% of its operating profit. "Solar is a booming business," says Sharp president Katsuhiko Machida, "and it is one of our core targets for growth...
...been adopted not just in Japan but in South Korea and other European countries. Even with incentives, start-up costs are high, about $20,000 per household in Japan. "The biggest priority now is to reduce costs," says Seiichi Kiyama, general manager of the commercial group of Sanyo Electric's solar division...