WIRE REPORTS

The Star-Ledger - NJ.com Panasonic offers $9.4B for acquisitions in renewables The Star-Ledger - NJ.com Panasonic Corp., the world's largest maker of rechargeable batteries, offered to buy out Sanyo Electric Co. and Panasonic Electric Works Co. for $9.4 ... and more » DuROCK Receives Ontario's First Micro-FIT Payment for PV Rooftop Installation Marketwire (press release) SANYO Electric Co., Ltd. is a global, leading provider of energy, environment and lifestyle applications. SANYO Canada Inc. (a subsidiary of SANYO Electric ... and more » NIKKEI.com Panasonic's Tender Offers For Subsidiaries To Top Y800bn NIKKEI.com (6752) on Thursday announced plans for tender offers totaling up to 818.4 billion yen to turn group firms Sanyo Electric Co. (6764) and Panasonic Electric ... and more » Announcement Concerning Expression of Opinion in Favor of Tender Offer by ... MarketWatch (press release) Further, in December 2009, the Tender Offeror made SANYO Electric Co., Ltd. ("SANYO") its consolidated subsidiary. Thus, the Panasonic Group has become a ... and more » Announcement of Implementation of Tender Offer for Shares of SANYO Electric Co ... MarketWatch (press release) SANYO Electric Co., Ltd. (the "Company") announces that it resolved at its Board of Directors meeting held today (i) to express its endorsement of a tender ... and more » Deals of the Day: Sanofi Keeps Quiet on Genzyme as It Readies Bid Wall Street Journal (blog) [Reuters] Panasonic: The company will spend up to 818.4 billion Japanese yen ($9.4 billion) to buy all remaining shares in subsidiaries Sanyo Electric Co. ... Asian markets tread water; China surges to 2-Month High BloombergUTV Sanyo Electric Co. appreciated by 26.3% at 149 yen and Panasonic Electric Co 15.4% to 1124 yen after the Nikkei reported Panasonic Corp. will launch tender ... and more » Kyodo news summary -10-+ TMCnet ... Panasonic Electric Works to be 100% owned units OSAKA - Panasonic Corp. said Thursday it has decided to make Sanyo Electric Co. and Panasonic Electric ... and more » Panasonic to Acquire SANYO Common Stock in Tender Offer DailyFinance Panasonic (PC) will acquire the shares of common stock of SANYO Electric Co ... and more » Panasonic Announces Commencement of Tender Offer for Shares of Common Stock of ... MarketWatch (press release) Furthermore, the Company made SANYO Electric Co., Ltd. ("SANYO") its consolidated subsidiary in December 2009, and, as a result, the Panasonic Group has ... and more »

DAILY REPORTS

Jul 29 Tokyo stocks fall on profit-taking as stronger yen weighs Tokyo stocks fell Thursday, a day after the key Nikkei index ended at a two-week high, as a stronger yen prodded investors to lock in profits, although losses were limited amid optimism about Japanese corporate earnings. The 225-issue Nikkei Stock Average dropped 57.25 points, or 0.59 percent, from Wednesday to 9,696.02. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 4.24 points, or 0.49 percent, at 861.27. Shares of Panasonic tumbled on dilution worries after reports that the electronics maker has decided to make Sanyo Electric Co. and Panasonic Electric Works Co. its wholly owned units within fiscal 2010 at the earliest. (AP) Jul 13 Cooker makes bread out of rice Backed by the recent revival of rice consumption, Sanyo Electric Co. debuted a machine Tuesday that can bake bread out of rice. The Gopan looks similar to a rice cooker. Just add 220 grams of rice, 210 grams of water, sugar, salt and shortening in the bread pan, and gluten and dry yeast in the unit's automatic dispenser, and the machine grinds the grain, and kneads and bakes the dough in about four hours. (Japan Times) May 31 Panasonic aims to be Japan No. 1 in solar business Panasonic Corp. is banking on the solar-panel business that it gained by acquiring domestic rival Sanyo, aiming for top market share of at least 35 percent in Japan by 2012. New solar generation products, being offered in Japan starting next month, combine Sanyo Electric Co.'s solar technology with Panasonic's sales networks in appliances and housing, said Panasonic Executive Vice President Toshihiro Sakamoto. Panasonic will be able to provide overall energy-saving systems for homes that will include rechargeable batteries, heating and air conditioning, security systems and Net-linking gadgets besides solar panels, which will all be hooked up to each other, he said. (AP) May 31 Woman's arm severed by speeding bullet train in Hiroshima A woman's arm was cut off when she was struck by a bullet train passing through a station here after she climbed down to the tracks, officials said. The No. 16 Nozomi bullet train hit the woman at about 9:55 a.m. on Monday as it sped though Onomichi Station on the JR Sanyo Shinkansen line. Her left arm was severed in the accident, but her injuries were not life-threatening, local fire department officials said. (Mainichi) May 25 Electric car travels record 1,000km on single charge An electric car in Japan has set a new world record by running for more than 27 hours and covering over 1,000km without being recharged. The customised Mira EV travelled at speeds of around 40kph as it drove non-stop around a car racing course in Shimotsuma in Ibaraki Prefecture. The red and white vehicle, fitted with a special lithium ion battery created by the Japanese company Sanyo, ran for 27.5 hours covering a distance of 1,003km without being recharged. (telegraph.co.uk) May 23 EV breaks record with 1,003-km run A Tokyo civic group said Sunday it managed to get an electric car to run 1,003.184 km without a recharge, shattering its own world record from last year. The Japan Electric Vehicle Club said it will ask Guinness World Records to officially recognize the journey, which was completed at a racing course in Shimotsuma, Ibaraki Prefecture, as the world's longest. The vehicle, powered by Sanyo Electric Co.'s lithium-ion battery system, ran for about 27 1/2 hours until around 2:30 p.m. Sunday, at a speed of about 40 kph, the group said. (Japan Times) May 13 Suzuki to make plug-in hybrids using Sanyo batteries Suzuki Motor Corp., Japan's second-largest minicar maker, plans to introduce a plug-in hybrid version of its Swift compact car using batteries supplied by Sanyo Electric Co., the automaker said. Suzuki dealerships in Japan will test 60 units of the car in the second half of this year. The vehicle runs 15 kilometers on a fully charged battery and will have a 0.66 liter engine to generate electricity. (BusinessWeek) Apr 26 Sanyo to sell chip, micromotor units Sanyo Electric Co. plans to sell its semiconductor and micromotor businesses in a second wave of restructuring since coming under the wing of Panasonic Corp. in December, sources said Monday. Sanyo Electric will sell Sanyo Semiconductor Co. in Oizumi, Gunma Prefecture, and Sanyo Seimitsu Co. in Ueda, Nagano Prefecture, according to the sources, who asked not to be identified before the subsidiary makes a formal decision on the sale. (Japan Times) Apr 1 Panasonic sees extra profit boost from Sanyo Japan's Panasonic Corp's (6752.T) purchase of Sanyo Electric (6764.T) is set to boost profits more than expected as they now plan additional cost savings by merging their accounting systems and procuring materials together, the Nikkei business daily said. (Reuters) Jan 9 Sanyo rolls electric bicycles into US market Japanese electric bicycle titan Sanyo thinks that notoriously car-loving folks in the United States are prime for pedal power. Eneloop "pedal-assist" bicycles that had been exclusively available in Japan made a US debut at the Consumer Electronics Show in Las Vegas, where attendees got to saddle-up and ride in a carpeted casino hotel ballroom. (AFP) Jan 9 Panasonic plotting green tack Panasonic Corp. said Friday it plans to boost sales and domestic and international competitiveness by expanding green technology products. Company President Fumio Otsubo disclosed green-related targets, including plans to invest 100 billion yen from fiscal 2010 to 2015 to increase solar cell production at Sanyo Electric Co., which recently become part of Panasonic. (Japan Times) Dec 11 Panasonic's purchase of Sanyo may spur more battery takeovers Panasonic Corp.'s $4.6 billion purchase of Sanyo Electric Co. may spur a wave of takeovers of rival electric-car battery makers as automakers seek to avoid depending on a limited pool of suppliers, analysts said. Panasonic yesterday said it bought 50.2 percent of Sanyo a year after announcing its plans. The acquisition gives the electronics maker a controlling stake in the world's biggest maker of lithium-ion batteries, strengthening its position in a market that the company forecasts will grow more than fivefold to 3.2 trillion yen ($36 billion) by 2018. (Bloomberg) Dec 10 Panasonic's green leap a test for Japan Panasonic Corp., though dogged by repeated delays, finally announced Thursday it acquired a 50.19 percent stake in smaller Sanyo Electric Co. for ¥403.78 billion as it makes headway in its transition into a green consumer electronics giant that can remain globally competitive in the decades ahead. (Japan Times) Dec 9 Panasonic's Sanyo tender offer succeeds Panasonic Corp. has successfully completed its tender offer for Sanyo Electric Co. shares, paving the way for turning its smaller rival into a subsidiary this month, sources said Wednesday. The deal should result in creation of one of the world's largest consumer electronics conglomerates. (Japan Times) Dec 3 Sanyo wins first lithium-ion car battery customers Sanyo Electric, the world's biggest maker of rechargeable batteries, has won at least two customers for its lithium-ion batteries to fuel plug-in hybrid vehicles, an executive said. The company will start supplying the batteries to automakers, including a Japanese and a foreign carmaker, as early as in the latter half of 2011. (NewsWeek) Nov 26 Panasonic gets U.S. OK to buy Sanyo The U.S. Federal Trade Commission said Tuesday it has conditionally approved Panasonic Corp.'s plan to buy Sanyo Electric Co., clearing the last hurdle for Sanyo to become a Panasonic subsidiary. The two companies agreed to sell part of Sanyo's portable nickel metal hydride battery business to FDK Corp., a Fujitsu Ltd. subsidiary, and this will preserve competition after Panasonic's proposed $9 billion acquisition of Sanyo, the FTC said. (Kyodo) Nov 23 Sanyo to sell homes powered by solar panels and Li-ion batteries A subsidiary of Sanyo Electric has started selling eco-friendly homes powered with solar panels and lithium-ion (Li-ion) batteries. Sanyo Homes launched sales in Japan of so-called "all-electric homes" at the weekend, each equipped with a 3.78kW solar power system, with back-up power to come from a 1.57kW Li-ion battery. The solar panels and batteries will be supplied by its parent company. (Business Green) Nov 6 Sanyo eyes boost in solar investment Sanyo Electric Co Ltd plans to ramp up investment in its battery and solar business as the world's largest maker of rechargeable batteries moves closer to being acquired by Japan's Panasonic Corp, a senior executive said in an interview on Thursday. Sanyo's executive vice president, Mitsuru Honma, declined to give an estimate of how much money will be pumped into the business but said a "humongous amount" was needed to grow. (Reuters) Nov 5 Panasonic seeking control of Sanyo Panasonic Corp. hopes to accelerate its plan to become the world's largest electrical appliance maker in 2018 by absorbing Sanyo Electric Co. and its promising solar and rechargeable battery businesses. Panasonic launched a tender offer Thursday for shares of Sanyo to acquire more than 50 percent of them. If successful, Panasonic would make Sanyo its subsidiary. However, the takeover bid was delayed for about eight months from Panasonic's initial plan. (Yomiuri) Nov 2 Source: Panasonic-Sanyo deal coming soon Japan's Panasonic Corp. will launch its tender offer for fellow Japanese firm Sanyo Electric Co. this week, industry sources say. Citing unnamed sources, Japan's Kyodo news agency reported Sunday that Panasonic's leadership is set to make the long-anticipated move now because it has been all but assured of clearing a U.S. antitrust probe. (UPI) Oct 23 Shinkansen fares cut by up to 27% Discounts of up to 27.7 percent will be offered for Tokaido and Sanyo Shinkansen bullet train tickets on weekends and holidays between Oct. 31 and Jan. 11, Central Japan Railway Co. and West Japan Railway Co. announced Wednesday. The fare reductions, for 18 sections, are aimed at filling vacant seats, which have drastically increased amid the recession. It will be JR Tokai's largest discount ever, officials said. (Asahi) Sep 19 Sanyo to recall 160,000 units / Top-opening washer-dryers pose fire risk Sanyo Electric Co. will recall about 160,000 top-opening, drum-type washer-dryers that were found to pose a fire risk and replace them with new ones, the company said Friday. The Consumer Affairs Agency has urged the firm to take drastic measures as it had recalled washer-dryers four times owing to fire incidents. (Yomiuri) Aug 31 Panasonic still awaits approvals for Sanyo bid Japan's Panasonic Corp said on Monday it was still waiting on approval from four anti-trust regulators for its planned acquisition of Sanyo Electric Co Ltd. It said it would give another update on its plan to take control of the world's largest rechargeable battery maker, a deal worth at least 400 billion yen ($4.3 billion), by end-October. (Reuters) Aug 4 Bikes, VCR-DVD combos merge old into new Sanyo is addressing the space issue in cities such as Tokyo with a new model of folding bicycle. The CY-SPJ220 is a rather small device with 20-inch tires. It folds in half for fitting into elevators and stowing in apartment foyers or on balconies. The bike weighs just 18 1/2 kg, making it portable. Sanyo is promoting it as part of a "micro park-and-ride concept." (Japan Times) [ More... ]