Japan's Panasonic Holdings posted a 42% rise in first quarter profit on Monday, buoyed by a weaker yen and stronger sales in its automotive and energy segments, while it stuck to its full-year outlook.
FILE PHOTO-Visitors look at Panasonic Corp's luxury brand home appliances called J concept at CEATEC JAPAN 2015 in Makuhari, Japan, October 6, 2015. REUTERS/Yuya Shino/File Photoposted a 42% rise in first quarter profit on Monday, buoyed by a weaker yen and stronger sales in its automotive and energy segments, while it stuck to its full-year outlook., said operating profit came to 90.37 billion yen in the three months to end-June, versus the 91.
Panasonic, whose products span consumer electronics and delivery robots to sensing cameras and self-checkout systems, maintained its full-year forecast at 430 billion yen.Last month, the chief technology officer of Panasonic's battery arm the unit will need to build four more factories to reach its target for a sharp boost in annual capacity of EV batteries by 2031.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Panasonic Q1 profit rises 42%, in line with market expectationsJapan's Panasonic Holdings on Monday posted a 42% rise in first-quarter profit to 90.37 billion yen ($636 million), largely matching analysts' estimates.
Read more »
Biden admin unveils plan to give some migrants in Mexico refugee status in the USThe Biden administration announced Friday plans to allow some Latin American and Caribbean migrants who are currently in Mexico to enter the United States as refugees.
Read more »
How an Alabama podcaster got inducted into a pro wrestling hall of fameAlabama podcaster Conrad Thompson (HeyHeyItsConrad) was inducted last weekend to the George Tragos/Lou Thesz Pro Wrestling Hall of Fame! 👏👏👏 He is only the second known person from Alabama to be inducted into the Hall of Fame. 🤼
Read more »
Photos: I toured 2 affordable apartments in Tokyo, Japan2 people took me inside their affordable Tokyo apartments. After seeing what I can get in the city for as little as $500, I'd move to there in a heartbeat.
Read more »
Japan prevail against Tongan challenge in scrappy testJapan saw off a spirited Tongan side with a 21-16 Pacific Nations Cup victory at Hanazono Rugby Stadium near Osaka on Saturday that got their World Cup preparations back on track following a tight loss to Samoa last week.
Read more »
Katie Ledecky surpasses Michael Phelps with 16th individual swimming world titleKatie Ledecky made history Saturday morning at the world championships in Fukuoka, Japan.
Read more »