Panasonic's interim financial results Decrease in sales and profits due to slowdown in China's economy October 31 19:27
Panasonic's interim financial results for the six months to September saw a decline in both sales and profits due to a drop in sales of electronic components due to the slowdown in the Chinese economy.
Panasonic announced its interim financial results until September, with sales of 3,844,400 million yen, a 4.1% decrease compared to the same period last year, and operating profit, which shows the profit of the main business, decreased by 28.1%, to 140.2 billion yen, which is a decrease in sales and profits. It was.
This is mainly due to a decline in sales of industrial electronic parts such as motors and sensors due to the slowdown in the Chinese economy and a strong yen trend in the yen.
In addition, the forecast for sales for the year up to March next year has been revised downward to 7.70 trillion yen, 200 billion yen less than the previous forecast due to a revised yen appreciation.
Panasonic's Hirokazu Umeda CFO = Chief Financial Officer said at the press conference, “The slowdown in the Chinese economy against the backdrop of US-China trade friction has negatively impacted operating income by 20 to 30 billion yen. “It is unclear whether the situation will improve,” he said.