Panasonic cuts full-year profit forecast on weaker outlook for automotive battery business

Reuters
2025.10.30 06:46
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TOKYO, Oct 30 (Reuters) - Japan’s Panasonic Holdings (6752.T) cut by 13.5% on Thursday its forecast for full-year operating profit, mainly fuelled by an expected decrease in profit at a key energy unit that supplies batteries to Tesla (TSLA.O) and other automakers.Panasonic now expects group operating profit for the fiscal year to end-March 2026 to come in at 320 billion yen ($2.12 billion), down from 370 billion expected previously.($1=150.7800 yen)

TOKYO, Oct 30 (Reuters) - Japan’s Panasonic Holdings (6752.T) cut by 13.5% on Thursday its forecast for full-year operating profit, mainly fuelled by an expected decrease in profit at a key energy unit that supplies batteries to Tesla (TSLA.O) and other automakers.

Panasonic now expects group operating profit for the fiscal year to end-March 2026 to come in at 320 billion yen ($2.12 billion), down from 370 billion expected previously.

($1=150.7800 yen)

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