Panasonic Corp. has lowered its full-year group earnings forecast for the current business year through next March, citing factors such as a stronger yen and a slump in solar business.

For fiscal 2016, the Osaka-based electronics maker said Monday it now expects an operating profit of ¥245 billion, down from ¥310 billion projected in April, on sales of ¥7.2 trillion, down from its earlier estimate of ¥7.6 trillion.

Group net profit is estimated to stand at ¥120 billion, compared with ¥145 billion from the previous projection.