Sanyo Electric Co. (6764.TO) said Thursday it now estimates a large net loss for the year ending March 31, blaming a loss related to the sale of its semiconductor business to ON Semiconductor Corp. (ONNN) of the U.S.

The Japanese electronics maker, which became a unit of Panasonic Corp. (6752.TO) in December, said it now estimates a net loss of Y25 billion for the current fiscal year, substantially worse than a profit of Y5 billion in the prior outlook.

The company said the outlook was revised down to reflect about a Y30-billion loss caused by a change in the terms of the contract with ON, effective Nov. 30, regarding the sale of the chip business. Part of the loss is the result of Sanyo's commitment to help revive the unit even after the sale, it said.

Sanyo left unrevised its sales and operating profit outlook at Y1.600 trillion and Y40 billion, respectively, for the full business year.

-By Hiroyuki Kachi, Dow Jones Newswires; 813-6269-2789; Hiroyuki.Kachi@dowjones.com
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