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

Panasonic Appliance Sales Up 8%
Feb 2, 2011
 Printable format
 Email this Article
 Search

Panasonic Corp., Japan-based maker of appliances and consumer electronics, had consolidated third quarter group sales of 2,285.5 billion yen (approx. US$28 billion), up 21% from 1,886.6 billion yen in the third quarter of the previous fiscal year. The third quarter of Panasonic's fiscal year 2011 ended on Dec. 31, 2010. The fiscal year ends Mar. 31, 2011.

For the nine months ended Dec. 31, 2010, operating profits were up 27% to 6,653.4 billion yen, compared to 5,219.9 billion yen in the same period in the previous year. Domestic sales amounted to 3,390.1 billion yen, up 22% from 2,780.9 billion yen a year previous. Overseas sales increased 34% to 3,263.3 billion yen, up from 2,439.0 billion yen a year ago. Operating profit for the nine months increased to 264.3 billion yen (approx. $3.2 billion), up from 129.9 billion yen a year ago.

Panasonic's Home Appliances business saw sales increase 8% to 974.2 billion yen (approx. $12 billion) in the first nine months of FY 2011, compared to 900.5 billion yen a year ago, due mainly to favorable sales of air-conditioners, refrigerators, and compressors. Operating profit increased 41% to 81.9 billion yen, up from 58.0 billion yen, due mainly to strong sales and fixed cost reduction.

Sanyo, the Japanese appliance and consumer electronics OEM that became a business unit of Panasonic in 2008, had nine-month sales of 1,223.0 billion yen. Operating profit was 0.4 billion yen after expenses. Panasonic Corp. and Sanyo Electric Co., Ltd. plan to conduct a share exchange to make Sanyo a wholly owned subsidiary of Panasonic in March of 2011.

Back to Daily News

 

Daily News

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

Jul 25, 2014: Whirlpool Refrigerator is First Commercial Application of Polyurethane Insulation Using HFO Blowing Agent

Jul 24, 2014: Remodeling Spending to Be Slower, But Still Strong, in Early 2015

Jul 23, 2014: Whirlpool North America Reports Record Operating Profits

Jul 23, 2014: Japan Destroyed 3.6 Million KG Fluorocarbons from Commercial Refrigerators and AC

Jul 22, 2014: Lennox International Reports Record Profit in Second Quarter

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