Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Matsushita Reports Q2 Results
Oct 30, 2006
 Printable format
 Email this Article
 Search

Matsushita Electric Industrial Co., Ltd. reported its consolidated financial results for the second quarter. Consolidated group sales for the second quarter increased 2 percent to 2.3 trillion yen (approx. U.S. $19.6 billion), from 2.2 trillion yen (approx. $18.7 billion) in the same 3-month period a year ago. Explaining the second quarter results, the company cited sales gains in digital audiovisual (AV) products, Home Appliances, Components and Devices, and MEW and PanaHome. Of the consolidated group total, domestic sales increased 1 percent to 1.1 trillion yen (approx. $9.4 billion), from 1.1 trillion yen (approx. $9.4 billion) a year ago. Overseas sales increased 3 percent to 1.13 trillion yen (approx. $9.6 billion), from 1.10 trillion yen (approx. $9.4 billion) in the second quarter of fiscal 2006.

Regarding earnings, negative factors such as intensified global price competition and increased raw materials prices were more than offset by comprehensive cost reduction efforts, successive launch of V-products and other positive factors. As a result, operating profit for the second quarter was up 14 percent, to 142.3 billion yen (approx. $1.2 billion), from 125.1 billion yen (approx. $1 billion) in the same period a year ago. Pre-tax income totaled 157.1 billion yen (approx. $1.3 billion), up 79 percent from 87.9 billion yen (approx. $748.5 million) last year. This improvement was due mainly to a decrease in expenses associated with early retirement programs to 3.8 billion yen (approx. $32.4 million), compared with 20.6 billion yen (approx. $175.4 million) in the previous year’s second quarter. Net income increased 156 percent to 79.3 billion yen (approx. $675.4 million), from 31 billion yen (approx. $264 million) in the same quarter of the previous year.

Back to Daily News

 

Daily News

...........................................................

Aug 29, 2014: Adaptive Frequency Drive Increases Trane Chiller Efficiency

Aug 29, 2014: Vitamix President Receives Entrepreneur of the Year Award

Aug 28, 2014: LG Heat Pump Clothes Dryer Earns Emerging Technology Award

Aug 28, 2014: Early Snowthrower Demand Boosts Toro Sales

Aug 27, 2014: Sustainability Standard Launched for Household Portable and Floor Care Appliances

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows