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Sanyo Electric Co Ltd, Japan's third-largest consumer electronics maker, said on Wednesday it would announce revisions to its earnings forecasts for the 2004/05 business year at 0630 GMT. The Osaka-based company did not say whether the revision would be up or down. Sanyo President Yukinori Kuwano and Senior Finance Officer Yoshihiro Nishiguchi will attend the briefing in Osaka.
Sanyo in December warned that it would post a group net loss of 71 billion yen in the current business year to March 31 - its worst-ever loss - after a major earthquake in the Niigata region north of Tokyo caused severe damage at one of its chip factories.
As one of the world's largest producers of digital cameras, Sanyo has also suffered from slower-than-expected growth in the digital camera market.
Over 90 percent of Sanyo's output is supplied to Olympus Corp and other makers, many of which have scaled back production plans due to tough competition and sluggish demand.
Shares of Sanyo were down 1.12 percent at 352 yen as of 0506 GMT.
The benchmark Nikkei average fell 0.97 percent.

Copyright Reuters, 2005

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