In its end of year financials, Sanyo Electric has reported a net loss of 205.6 billion Yen, a record loss for the Corporation. Sales were down three percent to 2.4 trillion Yen but operating profit fell by 17 million. Part of this was down to major restructuring, which saw hefty job losses in its Japanese operation. As part of its restructuring, the company is focusing on mobile devices and rechargeable batteries. It’s also stepped away from a partnership with Kodak to develop OLED (Organic Light Emitting Diode) screen technology (pictured above), preferring instead to begin a joint venture with Epson to further develop LCD products. With OLED proving expensive and challenging to bring to market, is it better late than never?