Panasonic, a major electronics manufacturer, reported that the group's overall financial results for the fiscal year ended March 31, 2013 were in addition to a decrease in sales of systems for enjoying video and music on board as demand for aircraft fell due to the corona disaster, and the semiconductor business. Sales and profits decreased due to the withdrawal from.
According to Panasonic's announcement, sales decreased by 10.6% to 6,698.7 billion yen compared to the same period of the previous year, and the final profit decreased by 26.9% to 165 billion yen, resulting in a decrease in sales and profits.
Due to the influence of the new coronavirus, more people are spending time at home, sales of washing machines and air purifiers were strong, and sales of systems used for 5G base stations also increased.
However, as the global demand for aircraft fell due to the Corona disaster, sales of systems for enjoying video and music on board decreased significantly, and the fact that this division fell into the red was greatly affected.
He also explained that withdrawal from the semiconductor business and a reduction in the investment ratio in the housing business also led to lower sales and profits, saying that growth is not expected.
President Tsuga, who will retire in June, "Improving management after improvement"
Panasonic's president Kazuhiro Tsuga, who will retire as president in June, said at a press conference online, "There is a part where our business has been damaged by changes in the competitive environment. We have been promoting structural reforms so far. However, it cannot be done easily. I would like the management team to make improvements next to improvements. "