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Panasonic Battery Unit Forecasts Operating Income to More Than Double in Year Ending March 2027

GateNews
Stocks

According to Reuters, Panasonic Holdings expects its battery unit to more than double operating income in the year ending March 2027, rebounding from a 3.8 billion yen (US$24.2 million) operating loss in the January-to-March quarter of fiscal 2026. The unit, which supplies batteries to Tesla, is forecast to achieve significantly stronger profitability compared to 69.8 billion yen (US$444 million) in the year ended March 2026. The prior quarter loss was attributed to U.S. tariffs, start-up costs at its Kansas plant, and lower sales at a factory in Japan.

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