San'yō Denki Kabushiki-gaisha was a Japanese electronics manufacturer founded in 1947 by Toshio Iue, the brother-in-law of Kōnosuke Matsushita, the founder of Matsushita Electric Industrial, now known as Panasonic. Iue left Matsushita Electric to start his own business, acquiring some of its equipment to produce bicycle generator lamps. In 1950, the company was established. Sanyo began to diversify in the 1960s, having launched Japan's first spray-type washing machine in 1953. In the 2000s, it was known as one of the 3S along with Sony and Sharp. Sanyo also focused on solar cell and lithium battery businesses. In 1992, it developed the world's first hybrid solar cell, and in 2002, it had a 41% share of the global lithium-ion battery market. In its heyday in 2003, Sanyo had sales of about ¥2.5 trillion. However, it fell into a financial crisis as a result of its huge investment in the semiconductor business. In 2009, Sanyo was acquired by Panasonic, and in 2011, it was fully consolidated into Panasonic and its brand disappeared. The company now only exists as a legal entity to settle final business obligations.
Ladd negotiated a purchase of the Fisher Electronics audio equipment manufacturer by Sanyo in May 1975. Under Ladd's leadership, the Fisher Corporation under Sanyo grew to be a multi-million dollar leader in the consumer electronics industry. The new, profitable Fisher Corporation moved its headquarters from New York to Ladd's Los Angeles. Ladd was named president and CEO of the combined Sanyo / Fisher Corporation in 1977, serving until 1987.
Ladd was instrumental at Sanyo in promoting Quadraphonic sound audio equipment for the American market, producing 4-channel audio equipment in both discrete and matrix formats. He said "we make all kinds of quadrasonic equipment because this is the business we're in... let the consumer buy the kind of software he prefers and we'll provide him the hardware to play it on".
Sanyo realized tremendous growth during Ladd's tenure in the 1970s; annual sales grew from $71.4 million () in 1972 to $855 million () in 1978.
After a fairly slow selling line in their own V-Cord video format, Sanyo adopted Sony's Betamax video cassette format around 1977 with initial success, including SuperBeta and Beta Hi-Fi models. From around 1984 onwards, production switched entirely to VHS.
In 1976, Sanyo expanded their North American presence with the purchase of Whirlpool Corporation's television business, Warwick Electronics, which manufactured televisions for Sears.
In 1986, Sanyo's U.S. affiliate merged with Fisher to become Sanyo Fisher (U.S.A.) Corporation (later renamed Sanyo Fisher Company). The mergers made the entire organization more efficient, but also resulted in the departure of certain key executives, including Ladd, who had first introduced the Sanyo name to the United States in the early 1970s.
In 1982, Sanyo started selling the MBC-1000 series of CP/M computers. In 1983, it introduced the MBC-550 PC, the lowest-cost IBM PC compatible personal computer available at the time, but its lack of full compatibility drove Sanyo from the market and no follow-on models were released.
Technologically, Sanyo has had good ties with Sony, supporting the Betamax video format from invention until the mid-1980s (the best selling video recorder in the UK in 1983 was the Sanyo VTC5000), while producing the VHS video format at the same time for the Fisher brand during the early 1980s, and later being an early adopter of the highly successful Video8 camcorder format. More recently, though, Sanyo decided against supporting Sony's format, the Blu-ray Disc, and instead gave its backing to Toshiba's HD DVD. This was ultimately unsuccessful, however, as Sony's Blu-ray triumphed.
In North America, Sanyo manufactured CDMA cellular phones exclusively for Sprint-Nextel's Sprint PCS brand in the United States and for Bell Mobility in Canada.
Sanyo posted signs of recovery after the announcement of positive operating income of 2.6 billion yen. Sanyo remains the world number one producer of rechargeable batteries. Recent product innovations in this area include the Eneloop Low self-discharge NiMH battery, a "hybrid" rechargeable NiMH (Nickel-metal hydride battery) which, unlike typical NiMH cells, can be used from-the-package without an initial recharge cycle and retain a charge significantly longer than batteries using standard NiMH battery design. The Eneloop line competes against similar products such as Rayovac's "Hybrid Rechargeable" line.
On November 24, 2006, Sanyo announced heavy losses and job cuts.
Tomoyo Nonaka, a former NHK anchorwoman who was appointed chairwoman of the company, stepped down in March 2007. The President, Toshimasa Iue, also stepped down in April of that year; Seiichiro Sano was appointed to head the company effective April 2007.
In October 2007, Sanyo cancelled a 110 billion yen sale of its semiconductor business, blaming the global credit crisis for the decision and stating that after exploring its other options, it had decided to keep the business and develop it as part of its portfolio.
In 2008, Sanyo's mobile phone division was acquired by Kyocera.
On November 2, 2008, Sanyo and Panasonic announced that they have agreed on the main points of a proposed buyout that would make Sanyo a subsidiary of Panasonic. They became a subsidiary of Panasonic on December 21, 2009.
In 2010, Sanyo sold its semiconductor operations to ON Semiconductor.
On July 29, 2010, Panasonic reached an agreement to acquire the remaining shares of Panasonic Electric Works and Sanyo shares for $9.4 billion.
By March 2012, parent company Panasonic plans to terminate the Sanyo brand, however it will remain on some of the products where the Sanyo brand still holds value to consumers. In the same month, Sanyo's Southeast Asian unit, responsible for the manufacturing of consumer electric appliances in the region, was announced to be formally acquired by Haier.
In August 2013, a 51% majority stake in Chinese company Hefei Royalstar Sanyo, a 2000 joint venture between Sanyo and Chinese government investment company Hefei, was purchased by American multinational manufacturer Whirlpool Corporation for $552 million.
Sanyo Energy opened its solar module assembly plants in Hungary and in Mexico in 2004, and in 2006 it produced solar modules worth $213 million. In 2007, Sanyo completed a new unit at its solar module plant in Hungary that was to triple its annual capacity to 720,000 units in 2008.
Plans to expand production were based on rising demands for Sanyo Hungary products, whose leading markets are Germany, Italy, Spain and Scandinavia. The plant at Dorog, outside Budapest, became Sanyo's largest solar module production facility in the world.
In late September 2008, Sanyo announced its decision to build a manufacturing plant for solar and (the building blocks for silicon solar cells) in Inagi, Japan. The plant began operating in October 2009 and was to reach its full production capacity of 70 megawatts (MW) of per year by April 2010. Sanyo and Nippon Oil decided to launch a joint company, known as Sanyo Eneos Solar Co., Ltd., for the production and sale of thin-film solar panels. The new joint company began production and sales at an initial scale of 80 MW, while gradually increasing its production capacity. For this joint project, Sanyo drew on its solar cell technologies, based on the technology acquired through the development of the HIT solar cell.
Sanyo is also responsible for the construction of the Solar Ark.
Sanyo planned to raise monthly production of NiMH batteries for hybrid vehicles from 1 million units to up to 2.5 million by the end of fiscal 2005.
In September 2019, Sanyo introduced a range of Android TV sets known as the Sanyo Kaizen Series.
On April 4, 2019, Sanyo launched a new AC range exclusively on Amazon.
Many of Sanyo's television sets offer MHL compatibility along with Roku-ready branding via HDMI, meaning the TVs are compatible with Roku's MHL-specific streaming stick. Sometimes included with purchase, such as with the Sanyo FVF5044, this stick enables video streaming and other online functions as an affordable alternative to certain smart TVs; the TV's original remote is capable of browsing the service. Multiple models also have USB ports which allow for immediate photo sharing directly off the stick without any additional software/upgrades.
1990s corporate culture
Acquisition
Energy
Solar cells and plants
Rechargeable batteries
Electric vehicle batteries
Sanyo India
Televisions
Air conditioners
Sanyo TV USA
Funai Era
Confusion with Sanyo Denki Co. Ltd.
Sponsorship
External links
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