Panasonic Corp. on Tuesday raised its earnings forecasts for the current year through March, projecting a net profit of ¥150 billion ($1.4 billion), helped by stronger-than-expected sales in home appliances and a pickup in demand for automotive equipment.
The figure, revised upward from the company’s earlier estimate of ¥100 billion in net profit, would still mean a 33.5% drop from a year earlier.
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