PANASONIC CORP. EXPECTS NET PROFIT TO INCREASE BY $1.9 BILLION

Highlights –

• Panasonic Corp. expects net profit to increase by $1.9 billion.
• In fiscal 2021, the company sales are forecasted to increase 4.5 percent to 7 trillion yen.
• The automotive segment is expected to turn an operating profit of 50 billion yen in FY 2021.
• Panasonic enjoyed strong sales of home appliances.

On Monday, the Japanese company, Panasonic....