Wednesday, 25 July 2007

UPDATE 1-Matsushita Q1 profit up 13.5 pct on softer yen

(Reuters) - Panasonic brand maker Matsushita, the world's largest
consumer electronics manufacturer, enjoyed brisk demand for
digital cameras and air conditioners although JVC, owned 52.4
percent by Matsushita, was hit by slow sales of its LCD TVs in
Japan and Europe.




Consumer electronics maker JVC, whose official name is Victor
Co. of Japan Ltd., said on Tuesday it would issue 35 billion yen
worth of new shares to audio equipment maker Kenwood Corp.
and asset management company Sparx Group in
August, taking itself off Matsushita's consolidated accounts.


Read more at Reuters.com Market News

No comments: