The yen's recent plunge may help the nation's struggling electronics makers recover from massive losses, but it could also hamper their restructuring efforts in the long run.
After reporting huge group net losses for the April to December period on Friday, senior officials of both Panasonic Corp. and Sharp Corp. expressed hope for positive effects from the yen's depreciation, which is set to improve their competitive edge and earnings.
In the most recent quarter, the weakened yen lifted Panasonic's operating balance by ¥3 billion and raised Sharp's pretax balance by ¥8 billion, the officials said.