Panasonic's battery unit Q2 operating profit rises 42%

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TOKYO : Japan's Panasonic Holdings said on Thursday the second-quarter operating profit of its battery-making energy unit rose 42 per cent, despite pressure from decreasing demand in Japan and lower sales values in North America due to price revisions.

The company, however, maintained the full-year operating profit forecast for the unit at 109 billion yen.

A man is reflected on Panasonic Corp's logo at Panasonic Center in Tokyo, Japan, February 2, 2017.

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Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Profit Sales Energy Operating Unit Mediacorp Billion Tokyo Japan Experience Panasonic

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 14:42:55 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 166 words

Reading Time: 1 minutes read

Sentences: 7 lines

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Copyright Owner: © Channel News Asia

News ID: 23346469

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