(Reuters) - Sanyo's earnings have been hit hard in recent years by the cost of restructuring steps such as job cuts and plant closures, as well as by earthquake damage to its microchip factory, forcing it to issue $2.5 billion worth of preferred shares to Goldman Sachs and two other financial institutions last year.
The Osaka-based company on Monday forecast an operating profit of 45 billion yen for the year to March 2008, down 9.2 percent on the year and falling short of a consensus of 51 billion yen in a poll of 10 analysts by Reuters Estimates.
Read more at Reuters.com Market News
The Osaka-based company on Monday forecast an operating profit of 45 billion yen for the year to March 2008, down 9.2 percent on the year and falling short of a consensus of 51 billion yen in a poll of 10 analysts by Reuters Estimates.
Read more at Reuters.com Market News
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