Sanyo
The Sanyo logo used since 1987
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Kabushiki kaisha (: ) subsidiary of the Panasonic Corporation) |
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| Industry | Electronics |
| Founded | 1947 1949 (incorporated) |
| Headquarters |
Moriguchi, Osaka, Japan Watford, United Kingdom |
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Key people
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Toshio Iue, Seiichiro Sano |
| Products | Consumer electronics, Dry batteries, and Cellular phones |
| Revenue |
 ¥1.4 trillion (consolidated, March 31, 2011) |
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¥33.5 billion (US$341 million) (consolidated, March 31, 2011) |
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 ¥35.1 billion (US$357 million) (consolidated, March 31, 2011) |
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| Total assets |
¥1.1 trillion (US$11.2 billion) (consolidated, March 31, 2011) |
| Total equity |
¥77.9 billion (consolidated, March 31, 2011) |
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Number of employees
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104,882 (consolidated) 9,504 (non-consolidated) (March 31, 2011) |
| Parent | Panasonic Corporation |
| Website | www |
Sanyo Electric Co., Ltd. (三洋電機株式会社 San'yō Denki Kabushiki-gaisha?) is a Japanese major electronics company and formerly a member of the Fortune Global 500 whose headquarters was located in Moriguchi, Osaka prefecture, Japan. Sanyo had over 230 subsidiaries and affiliates. Sanyo was founded by Toshio Iue.
On December 21, 2009, Panasonic completed a 400 billion yen ($4.5 billion) acquisition of a 50.2% stake in Sanyo, making Sanyo a subsidiary of Panasonic. In 2011, Sanyo became a wholly owned subsidiary of Panasonic Corporation.
Sanyo utilizes an extensive socialization process for new employees, so that they will be acclimatized to Sanyo's corporate culture. New employees take a five-month course during which they eat together and share company-provided sleeping accommodation. They learn everything from basic job requirements to company expectations for personal grooming and the appropriate way in which to address their coworkers and superiors.
Sanyo was founded when Toshio Iue (井植 歳男 Iue Toshio?, 1902–1969), the brother-in-law of Konosuke Matsushita and also a former Matsushita employee, was lent an unused Matsushita plant in 1947 and used it to make bicycle generator lamps. Sanyo was incorporated in 1949; in 1952 it made Japan's first plastic radio and in 1954 Japan's first pulsator-type washing machine. The company's name means three oceans in Japanese, referring to the founder's ambition to sell their products worldwide, across the Atlantic, Pacific, and Indian oceans.
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