Panasonic's financial results decreased by more than 20% Profit due to the new Corona, etc. May 18 at 20:08
As for Panasonic's financial results for the fiscal year ended March 31, due to the spread of new coronavirus infection and other factors, the final profit was 220 billion yen, a decrease of more than 20% compared to the previous year.
On the 18th, Panasonic announced its financial results for the year until March this year, and the sales of the entire group were 7,490.6 billion yen, a decrease of 6.4% from the previous year.
In addition, the final profit decreased by 20.6% to 225.7 billion yen, resulting in lower sales and profits.
This was due to the temporary suspension of operations at overseas factories due to the global spread of the new coronavirus, and the decline in sales of mainstay home appliances and automobile parts.
As for the business outlook for the next fiscal year, we have decided not to announce specific figures because it is difficult to make a rational forecast and we have decided to leave it undecided. Panasonic is working to reduce the loss-making business as a structural reform, but the TV business was in the red by about 10 billion yen in the financial results for the year ended March 31, 2010, and the recovery is still an issue.
Panasonic's CEO, Hirokazu Umeda, who opened the telephone conference, said that the TV business will continue to be in the red this year, and said, "We are also considering cooperation with other companies in development and production." I emphasized my thoughts.