Panasonic Holdings' financial results for the three months to last month were 48.9 billion yen, a 36% decrease from the same period of the previous year, due to the effects of soaring raw material prices and other factors.
According to the financial results for the three months from April to last month announced by Panasonic Holdings,
▽ sales increased by 10% compared to the same period of the previous year to 1,973.8 billion yen
▽ final profit decreased by 36% It was 48.9 billion yen.
▽ While the demand for electric vehicles is expanding worldwide, sales of in-vehicle batteries were strong and boosted sales.
▽ Shortage of semiconductors and soaring raw material prices pushed down profits, resulting in higher sales and lower profits.
However, last month, the restrictions on behavior in Shanghai, China were lifted, and in addition to the normalization of the production and distribution system, profits can be secured by raising the price of products, etc. We have left the forecast that the final profit will increase by 1.8% from the previous year to 260 billion yen.
Hirokazu Umeda, CFO of Panasonic Holdings, said, "The business environment was difficult, but it has improved since May. We will raise the shipping price of home appliances from August, but we will proceed with price revisions and other raw materials. We want to cover the impact of soaring prices. "