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Panasonic Bracing for 55.7 Pct Full-Year Net Profit Fall

Panasonic Bracing for 55.7 Pct Full-Year Net Profit Fall

   Osaka, July 30 (Jiji Press)--Panasonic Corp. <6752> said Thursday its group net profit for the current business year through March 2021 is expected to plummet 55.7 pct from the previous year to 100 billion yen.
   The major Japanese electronics maker's consolidated sales are projected to drop 13.2 pct to 6.5 trillion yen, falling below 7 trillion yen for the first time since the year that ended in March 1996, due to the fallout from the novel coronavirus pandemic.

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