Sanyo

Sanyo Electric Co., Ltd.
Native name
三洋電機株式会社
San'yō Denki Kabushiki-gaisha
Company typeSubsidiary
IndustryElectronics
Founded1947; 77 years ago (1947)
April 1950; 74 years ago (1950-04) (incorporated)[1]
FounderToshio Iue
DefunctApril 2012 Edit this on Wikidata
FateAcquired by Panasonic[2]
HeadquartersMoriguchi, Osaka, Japan
Area served
Worldwide
Key people
Seiichirou Igaki (president)[1]
Products
RevenueDecrease ¥84.678 billion (2018)[3]
Decrease ¥6.590 billion (2018)[3]
Decrease ¥4.983 billion (2018)[3]
Total assetsDecrease ¥106.304 billion (2018)[3]
Total equityIncrease ¥64.832 billion (2018)[3]
Number of employees
104,882 (consolidated)
9,504 (non-consolidated)
(March 31, 2010)[4]
ParentPanasonic
Websitesanyo-av.com (Audiovisual products, American market only)

Sanyo Electric Co., Ltd. (三洋電機株式会社, San'yō Denki Kabushiki-gaisha) is a Japanese electronics manufacturer founded in 1947 by Toshio Iue, the brother-in-law of Kōnosuke Matsushita, the founder of Matsushita Electric Industrial, now known as Panasonic. Iue left Matsushita Electric to start his own business, acquiring some of its equipment to produce bicycle generator lamps. In 1950, the company was established. Sanyo began to diversify in the 1960s, having launched Japan's first spray-type washing machine in 1953. In the 2000s, it was known as one of the 3S along with Sony and Sharp. Sanyo also focused on solar cell and lithium battery businesses. In 1992, it developed the world's first hybrid solar cell, and in 2002, it had a 41% share of the global lithium-ion battery market. In its heyday in 2003, Sanyo had sales of about ¥2.5 trillion. However, it fell into a financial crisis as a result of its huge investment in the semiconductor business. In 2009, Sanyo was acquired by Panasonic, and in 2011, it was fully consolidated into Panasonic and its brand disappeared. The company still exists as a legal entity for the purpose of winding up its affairs.

  1. ^ a b "SANYO Electric Co., Ltd". Panasonic. Retrieved November 20, 2019.
  2. ^ "Consolidation Continues: Panasonic to Buy Sanyo". July 30, 2010.
  3. ^ a b c d e "2019 Integrated Report" (PDF). Sanyo. Retrieved November 20, 2019.
  4. ^ "Outline". Panasonic. Archived from the original on April 9, 2011. Retrieved February 19, 2015.