Reported about 9 hours ago
Panasonic Holdings has reduced its full-year operating profit forecast by 13.5%, expecting it to drop to 320 billion yen ($2.12 billion) due to declining profits from its energy unit that supplies batteries to Tesla and other automakers. This revision is attributed to U.S. tariffs, lower sales volumes, diminished tax credit benefits, and increased restructuring costs, resulting in a significant 96.4% year-over-year decline in second-quarter operating profit for the energy division.
Source: YAHOO