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July 06, 2015 2:37 AM ET

Industrial Conglomerates

Company Overview of SANYO Electric Co., Ltd.

Company Overview

SANYO Electric Co., Ltd. engages in the development, manufacture, and sale of solar power generating systems, smart energy systems, charging solutions, multimedia projectors, televisions, and communication solutions worldwide. It offers digital cameras and digital movie cameras, security systems, personal computers, professional AVs, document and imaging solutions, terminal solutions, IT solutions, recording media, eco solutions, in vitro diagnostics systems, medical imaging systems, hospital systems, home/personal use systems, dental clinic/dental laboratory systems, ADA media, passive components, connecting components, sensors, speakers/others, industrial devices, printed wiring boards/mod...

5-5 Keihan-Hondori 2-Chome

Moriguchi City

Osaka,  570-8677

Japan

Founded in 1947

92,675 Employees

Phone:

81 6 6994 7359

Fax:

81 6 6994 7083

Key Executives for SANYO Electric Co., Ltd.

President and Director
Age: 61
Managing Officer and Director
Age: 54
Compensation as of Fiscal Year 2015.

SANYO Electric Co., Ltd. Key Developments

Panasonic Corporation, Sanyo Electric Co. Ltd. Fines Over $56 Million by US Department of Justice for Violating Anti-Trust Laws

Panasonic Corporation has announced that it together with its subsidiary Sanyo Electric Co. Ltd., have entered into a plea agreements with US Department of Justice, agreeing to pay fines to resolve claims that they violated in the US anti-trust laws. Panasonic and its subsidiary have pleaded guilty to price-fixing involving auto parts and battery cells, and have agreed to pay USD 56.5 million in fines. In a statement, DoJ said that the third company, South Korea's LG Chem LTD, also pleaded guilty and will pay a more than USD 1 million criminal fines.

US Department of Justice Slaps Panasonic Corporation, SANYO Electric Co., Ltd. and LG Chem, Ltd. with $57.6 Million Fine for Price Fixing

The US regulator has slapped a total of $57.6 million criminal fine on Japanese and South Korean companies for fixing prices of automotive parts and notebook computer battery cells. The US Department of Justice (DoJ) fined Panasonic Corporation $45.8 million for fixing prices in automotive parts, while its subsidiary SANYO Electric Co., Ltd. was fined $10.7 million and South Korea's LG Chem was fined $1.1 million for anticompetitive conduct in the cylindrical lithium ion battery cell industry. Panasonic has agreed to plead guilty for its role in a conspiracy to fix prices of switches, steering angle sensors and automotive high intensity discharge ballasts installed in cars sold in the US and elsewhere. Sanyo and LG Chem have agreed to plead guilty for their roles in a conspiracy to fix prices of cylindrical lithium ion battery cells sold worldwide for use in notebook computer battery packs. The DoJ alleges that Panasonic participated in a conspiracy from September 2003 until February 2010 to rig bids for, and to fix, stabilise and maintain the prices of steering wheel switches, turn switches, wiper switches, combination switches and door courtesy switches sold to Toyota Motor Corp. and Toyota Motor Engineering & Manufacturing North America. In a second charge, the DoJ alleges that Panasonic also conspired to rig bids and fix prices of steering angle sensors sold to Toyota, and in a third charge of conspiring to rig bids for automotive HID ballasts sold to Honda Motor, American Honda Motor Co, Mazda Motor, Mazda Motor of America, Nissan Motor Co. and Nissan North America Inc. Sanyo and LG Chem conspired to fix the price of the cylindrical lithium ion battery cells used in notebook computer battery packs from about April 2007 until September 2008.

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