Tokyo, May 22, 2008 – SANYO Electric Co., Ltd. (SANYO) is proud to announce that the “going concern opinion” has been removed from the non-consolidated financial statement announced on May 22, 2008.
　SANYO had included an advisory regarding the “going concern opinion” since the mid-term financial statement for FY 2005 on November 18, 2005. This was due to the entering of a financial obligatory contract for a commitment line, having a syndicate loan and reporting three consecutive net losses from FY 2004.
　However, since posting a net profit for the fiscal year ending March 31, 2008, for the first time in four terms as a result of making efforts with cost structure reform and reviewing and restructuring the business portfolio in accordance with the 3-year Mid-term Management Plan drawn up in November 2005, and with our cash flow and financial health improving, the “going concern opinion” will be excluded from the explanatory notes in the settlement report for the business year ending March 2008, released on May 22.

　It is our intent to make every effort to improve the business by steadily executing the newly announced Mid-term Management Plan that was released today for FY2008 – FY2010. We ask our stockholders, partners and stakeholders for their continued support of the SANYO group.