SANYO Electric Co. Ltd. reported earnings results for the second quarter ended September 2009. Its loss for the July-to-September quarter was ¥19 billion ($210 million), compared with a profit of ¥4.4 billion year in the same period a year earlier. Sales fell 20% to ¥422.7 billion.

Sanyo Electric Co., Ltd stated that it is looking at divesting its battery business in order to clear antitrust regulation for the planned takeover by Panasonic Corp. Hiroyuki Okamoto, spokesman of the company said: “Nothing has been decided on the sale as of no.” The Yomiuri newspaper had reported that Sanyo will divest a subsidiary that makes nickel-hydrogen batteries and is likely to announce the sale on October 28.

SANYO Electric Co., Ltd. announced revenue results for the six months ended September 2009. For the period, the company's revenue dropped to about ¥780 billion from ¥1.01 trillion. For the first six months of fiscal 2010, the company is expected to book a net loss of ¥37 billion ($402 million), compared with a profit of ¥32.6 billion a year earlier. The company reaffirmed earnings guidance for the full year to March 2010. For the period, the company expects net loss of ¥30 billion.