Japanese consumer electronics giant Panasonic Corp. (PC) reported that net loss attributable to the company for the year ended March 31, 2013 narrowed to 754.3 billion yen from the prior year's 772.2 billion yen.
Pre-tax loss narrowed to 398.4 billion yen from the previous year's 812.8 billion yen, due mainly to the business restructuring expense of 508.8 billion yen including impairment losses of goodwill and intangible assets, and losses related to buildings etc in other deduction for solar, consumer-use lithium-ion batteries and mobile phones businesses.
Annual operating profit jumped to 160.9 billion yen from 43.7 billion yen in the prior year.
Consolidated group sales for the fiscal 2013 decreased 7% to 7.30 trillion yen, from last year's 7.85 trillion yen.
The company said it will not distribute a yea-end dividend, resulting in non-dividend for fiscal 2013 as announced on October 31, 2012.
For fiscal 2014, the company expects net income attributable to the company of 50.00 billion yen, operating profit of 250.0 billion yen and sales of 7.20 trillion yen.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.