• Kyodo

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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.

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