• Kyodo

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Panasonic Corp. has reported a net profit of ¥76.5 billion in the April to June quarter, returning to the black on brisk home appliance sales and improved automobile equipment business.

The figure, released Thursday, marked a turnaround in the first quarter of fiscal 2021 from a net loss of ¥9.8 billion a year earlier due to dampened sales in automobile, aircraft and housing businesses amid the COVID-19 pandemic.

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