• Kyodo

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Panasonic Corp. on Monday reported a 20.6 percent fall in group net profit from a year earlier to ¥225.71 billion for the year that ended in March due to weak sales of home appliances and auto electronic parts, as well as the effects of the coronavirus pandemic on a range of its operations.

Panasonic expects demand to pick up in the latter half of the current business year after consumption was dented amid the virus spread, but it did not release an earnings projection.

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