Sanyo Electric Co., which has been struggling to turn around its scandal-plagued business, swung back into profit in the business year through March for the first time in four years, the electronics maker said Thursday.
Sanyo recorded ¥28.7 billion in profit for the year that ended March 31, a reversal from the ¥45.36 billion loss racked up the previous year and a sign that recent restructuring efforts are paying off.
Demand was strong for digital cameras, rechargeable batteries, solar energy panels and air conditioners, said the Osaka-based manufacturer.