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.............................. SANYO
Logo and Trademark..............................
Sanyo Electric Co., Ltd. (三洋電機株式会社, San'yō Denki Kabushiki-gaisha) (TYO: 6764, NASDAQ: SANYY) is a major Japanese electronics company and Fortune 500 company whose headquarters is located in Moriguchi, Osaka prefecture, Japan targeting the middle of the market, with over 324 offices and plants worldwide[citation needed] and more than 14,000 employees.
Sanyo was founded by Toshio Iue (井植 歳男 Iue Toshio, 1902 - 1969), the brother-in-law of Konosuke Matsushita and also a former Matsushita employee, in 1947 and was incorporated in 1950. The company's name means three oceans in Japanese, referring to the founder's ambition to sell their products worldwide, across the Atlantic, Pacific and Indian oceans.
Sanyo posted signs of recovery after the announcement of positive operating income of 2.6 billion yen. Sanyo remains the world number one producer of rechargeable batteries. Recent product innovations in this area include the Eneloop battery, a "hybrid" rechargeable NiMH (nickel-metal hydride) battery which, unlike typical NiMH cells, can be used from-the-package without an initial recharge cycle and retain a charge significantly longer than batteries using standard NiMH battery design. The Eneloop line competes against similar products such as Rayovac's "Hybrid Rechargeable" line.
Tomoyo Nonaka, a former NHK anchorwoman,who was appointed Chairman of the company has stepped down. The President, Toshimasa Iue has also stepped down in April this year and Seiichiro Sano has been appointed to head the company effective from April 2007. In January 2006 Sanyo received a massive capital injection from Goldman Sachs, Sumitomo Mitsui Banking Corporation and Daiwa Securities which resulted in five members of the banks represented joining the nine-person Board of Directors.
On 24 November 2006, Sanyo announced heavy losses and job cuts. Fisher Electronics which was purchased by Sanyo from Fisher Radio Corporation in 1975, is a Sanyo US subsidiary. In October 2007, Sanyo canceled what may have been a possible 110 billion yen ($942 million) semiconductor sale, stating that after exploring its other options, it had decided to keep the business and develop it as part of its portfolio.
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