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Published on February 6th, 2019 | by The GC Team

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Panasonic full-year forecast revised downwards

Panasonic has revised its financial forecast for the year ending 31st March 2019, predicting net sales of ¥8.1 trillion, down from the ¥8.3 trillion forecast in May 2018.

Operating profit is expected to be ¥385 billion, ¥40 billion less than predicted, while pre-tax profit is now expected to be ¥385 billion, ¥35 billion down on the previous forecast.

The company said the sales forecast revision was mainly due to weakening sales in Appliances and Automotive & Industrial Systems. Operating and pre-tax profits were affected by a partial revision of the pension system.  

Net profit, at ¥250 billion, remains unchanged.

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