The battery manufacturer acquired by Panasonic, Sanyo Electric Co. back to profitability and increased earnings forecast, higher performance through solar panels and electronic components of strong gains.
Total net income in six months from September 30 can be achieved 16 billion yen (182 million dollars), compared with previous estimates of operating earnings or sales minus selling and administrative costs may be 24 billion yen.
Sanyo is accelerating development of the next generation of solar cells and lithium-ion batteries with new materials, to win a greater share of renewable energy market. The electronics maker earlier this month agreed to sell its loss-making chip business and focus more on the battery of the future business and increase profits.
