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Panasonic April-December operating profit hit by China sales

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The company leaves unchanged its full-year forecast, which sees net profit falling 29.6% to 200 billion yen, and operating profit sagging 27.1% to 300 billion yen on sales at 7.7 trillion yen, down 3.8%.

PANASONIC. The logo of Japan's Panasonic is seen at the company's Tokyo headquarters' outer wall in Tokyo on October 31, 2017. File photo by Kazuhiro Nogi/AFP

The Japanese consumer electronics giant said its nine-month sales fell 5.4% to 5.76 trillion yen as the weakness of the Chinese market also pressured the performance of the firm's sales in Japan.

 

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