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.
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