February 23, 2007 |
Sanyo Electric Co. said it was fully cooperating with an investigation by securities authorities into suspected window-dressing of earnings at the struggling Japanese electronics maker. Company spokesman Ryo Hagiwara said an investigation was underway. Sanyo shares plunged 17% in Tokyo trading this morning.
February 15, 2006 |
Japan's Sanyo Electric Co. and Finland's Nokia Corp. announced Tuesday that they would combine some of their cellphone operations into a joint venture with major operations in San Diego. The new entity will have 3,500 employees, Nokia said; more than 200 jobs will be cut because of the merger. Apart from San Diego, the venture will have major operations in the Japanese cities of Osaka and Tottori. The companies did not say where the new entity's headquarters would be.
October 25, 2000 |
The president of Sanyo Electric Co., one of Japan's largest manufacturers of consumer electronics, is reportedly planning to resign to take responsibility for a scandal in which a subsidiary continued to sell defective solar panels even after it discovered the problems. Sanyo President Sadao Kondo informed Chairman Satoshi Iue of his intention to step down after a replacement is named, Dow Jones Newswires reported. The news service cited a company employee who spoke on condition of anonymity.
September 18, 1996 |
Losing their only break in a case that created a furor in Mexico's foreign business community, authorities Tuesday released for lack of evidence a cabdriver arrested in connection with the Aug. 10 kidnapping of a Japanese business executive, police and prison spokesmen said. Genaro Maldonado Topete, 28, was freed Tuesday afternoon from the State Public Jail in downtown Tijuana after prosecutors failed to adequately support their case against him, said Cynthia Silva, a spokesman for the facility.
August 21, 1996 |
A day after gaining his freedom, the Japanese executive held captive for more than a week by Mexican kidnappers said he plans to rest, enjoy his family and "savor the sweetness of freedom." "This last week was one of the worst weeks of my life," Mamoru Konno said. Looking tired and emotionally drained, Konno, 57, read a brief statement to dozens of reporters, many of them representing Japanese news media, at a news conference at Sanyo North America Corp.'s San Diego headquarters.
August 20, 1996 |
Ending a nine-day ordeal that raised doubts about security in Mexico's fast-growing maquiladora industry, a Japanese executive was released by kidnappers early Monday on the outskirts of Tijuana after his company paid a $2-million ransom in unmarked U.S. currency, Mexican police said. Mamoru Konno, 57, president of Sanyo's Video Component Corp.