OSAKA (Kyodo) Sanyo Electric Co. has decided to postpone by one year its goal of achieving ¥90 billion in consolidated operating profit in the face of the global economic slump, a company source said Sunday.
In its current three-year management plan, Sanyo aimed to make a profit of ¥50 billion in fiscal 2008, ¥70 billion in 2009 and ¥90 billion to ¥100 billion in 2010, but the recession has caused the company to revise the plan, the source said.
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