• Kyodo

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Panasonic Corp.’s group net profit in the fiscal first half declined 11.2 percent from a year earlier, as sluggish sales in China — amid its prolonged trade war with the United States — overshadowed a boost in domestic housing-related businesses.

The electronics maker said Thursday it posted a net profit of ¥100.92 billion ($928 million) in the first half, which ended Sept. 30. Its group operating profit stood at ¥140.29 billion, down 28.1 percent, while sales fell 4.1 percent to ¥3.84 trillion.

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