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Panasonic Sees Batteries Profitable in Fiscal 2026-2027

Panasonic Sees Batteries Profitable in Fiscal 2026-2027

   Kadoma, Osaka Pref., May 23 (Jiji Press)--Panasonic Holdings Corp. expects its vehicle battery business to turn profitable in fiscal 2026-2027 even without U.S. government subsidies, President and Group CEO Yuki Kusumi said.
   The Japanese company's battery business is already "profitable when it comes to North America," Kusumi said in a recent group interview. The business is struggling because of weak demand in Japan and will be profitable entirely "if demand in Japan revives," he said.

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AFP-JIJI PRESS NEWS JOURNAL


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