Sanyo corrects earnings for past 7 years

Sanyo corrects earnings for past 7 years

OSAKA, Japan - Sanyo Electric Co. President Seiichiro Sano (R) and Vice President Koichi Maeda (L) apologize at a news conference in Osaka on Dec. 25. The struggling consumer electronics maker corrected its unconsolidated earnings for the past seven years, prompting the Tokyo and Osaka stock exchanges to allege Sanyo's past earnings reports to be false and transfer Sanyo to the supervision post for possible delisting.

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  • ILEA001125550
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