Panasonic Corp. said Friday it expects to return to the black in fiscal 2010 for the first time in three years as it counts on an increase in television sales backed mainly by robust demand in emerging markets.
For the current financial year through next March, Panasonic projects a net profit of ¥50 billion. It also anticipates an operating profit of ¥250 billion, up 31.3 percent, on sales of ¥8.8 trillion, up 18.6 percent.
Panasonic, the world's top maker of plasma display TVs, said it expects to sell 21 million flat-panel TVs — including plasma and liquid crystal display — during the year, compared with 15.84 million units sold in fiscal 2009.