Sanyo solar module sales stable in first six months

Facebook
Twitter
LinkedIn
Reddit
Email

Total sales from Panasonic’s new subsidiary, Sanyo were down 19% to 669.3 billion yen, compared with 829.7 billion yen in the same period a year ago. Though the company did not provide disclosure of Sanyo solar PV business separately, Panasonic did say that sales were stable in the quarter. Sanyo had previously not disclosed PV sales separately.

Within Sanyo’s Energy business segment, sales were 210.2 billion yen, a 4% decline over the same period a year ago, due in part to currency fluctuations and price declines. Operating profit was 4.9 billion yen, down from 11.5 billion yen in the same period a year ago.
 
The sales decline for the Sanyo segment was said to be due to sluggish markets in other electronics-based sectors. Also attributed to Sanyo was 26.9 billion yen of segment loss, compared with a segment profit of 6.1 billion yen a year ago. 
 
Panasonic said the losses were also influenced by the amortization of intangible assets recorded at the acquisition. 
 
 
This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Read Next

July 1, 2025
Spanish independent power producer (IPP) Zelestra has secured financing and reached financial close for its 220MW solar-plus-storage plant in Chile.
July 1, 2025
Independent power producer (IPP) Arevon Energy has closed a US$600 million credit facility to support its solar PV and energy storage portfolio in the US.
July 1, 2025
The UK government has released this week (30 June) its Solar Roadmap, which sets out practical measures to meet the country’s solar PV targets.
July 1, 2025
Solar developer ib vogt has sold a 110MW solar PV plant in Spain to international fund NextPower V ESG, which is operated by investment firm NextEnergy Capital (NEC).
July 1, 2025
French private equity firm Ardian Clean Energy Evergreen Fund (ACEEF) has bought 117 solar PV plants, worth 116MW of total capacity in several locations in Italy.
July 1, 2025
Swedish independent power producer (IPP) OX2 has begun operations at a 100MW solar PV plant in Poland, its first project as an IPP.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA