Sanyo Electric lowers profit projections for FY 2003

OSAKA, Japan - Sanyo Electric Co. President Yukinori Kuwano speaks at a press conference in Tokyo on March 19 the company has lowered its profit outlook for the year to March 31 and now expects a group net profit of 3 billion yen, down sharply from the previous forecast of 25.5 billion yen.

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2004 Kyodo News

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