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 Calls 9-Month Appliance Sales Disappointing
Feb 19, 2014
 Printable format
 Email this Article
 Search

Panasonic Corp. (Osaka, Japan) said sales in its Appliances business segment in the first nine months of the year were up 8%, to 903.2 billion yen (approx. $8.8 billion), from 833.9 billion yen in the first nine months of the previous fiscal year.

The increase in Appliances was mainly a result of yen depreciation. Sales of most products were disappointing, particularly sales of residential air-conditioners in China. Appliances segment profit was down 23%, to 27.0 billion yen, from 34.9 billion yen in the first nine months of the previous year.

Streamlining and cost reductions in Appliances were not enough to offset the negative impact of yen depreciation on products manufactured in overseas factories that import to Japan.

Panasonic Corp. (Osaka, Japan) said consolidated group sales in the third quarter of its current fiscal year was up 10% to 1,973.5 billion yen (approx. USD $19.3 billion), from 1,801.5 billion yen in the third quarter of its previous fiscal year.

Panasonic's fiscal year 2014 ends March 31, 2014.

Panasonic said yen depreciation contributed to the sales increase. Automotive-related and housing-related business sales increased; sales of digital consumer products decreased as the company focused on profitability over than sales volume.

Domestic (Japanese) sales increased 6% to 970.3 billion yen in the quarter from 917.2 billion yen a year ago. Overseas sales increased 13% to 1,003.2 billion yen from 884.3 billion yen a year ago.

Consolidated group sales for the nine months that ended Dec. 31, 2013, was up 4% to 5,679.8 billion yen, compared with 5,439.7 billion yen in the same period of fiscal 2013. Domestic sales were 2,757.6 billion yen, down 1% from 2,795.4 billion yen a year ago. Overseas sales were up 11% to 2,922.2 billion yen, from 2,644.3 billion yen a year ago.

Back to Daily News

 

Daily News

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

Dec 22, 2014: DOE's Building Technologies Office releases Roadmap for Emerging HVAC Technologies

Dec 19, 2014: Whirlpool Corp. provides guidance for 2015

Dec 19, 2014: Panasonic to showcase built-in appliances at LivingKitchen 2015

Dec 19, 2014: New residential construction in November 2014

Dec 19, 2014: 2014 U.S. steel production up 0.7% from 2013

More Daily News>>

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

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

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
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 | Plastics Today | Powder Bulk Solids | Canon Trade Shows