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    6752   JP3866800000

PANASONIC CORPORATION

(6752)
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Panasonic's first-quarter profit surges on solid demand for home appliances, batteries

07/29/2021 | 02:59am EDT
A man is reflected on Panasonic Corp's logo at Panasonic Center in Tokyo

TOKYO (Reuters) - Panasonic Corp reported on Thursday a jump in its first-quarter operating profit as demand recovered for a wide range of products such as home appliances to automotive batteries.

Panasonic, a supplier of batteries to Tesla Inc, said profit for the April-June quarter rose to 104.4 billion yen ($950.98 million), from 3.8 billion yen a year earlier.

(Reporting by Makiko Yamazaki and Tim Kelly; Editing by Himani Sarkar)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
PANASONIC CORPORATION 0.22% 1387.5 End-of-day quote.16.55%
TESLA, INC. 1.70% 751.94 Delayed Quote.6.56%
TOYOTA MOTOR CORPORATION -1.10% 9820 End-of-day quote.23.41%
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Analyst Recommendations on PANASONIC CORPORATION
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Financials
Sales 2022 7 198 B 65 505 M 65 505 M
Net income 2022 238 B 2 170 M 2 170 M
Net cash 2022 161 B 1 468 M 1 468 M
P/E ratio 2022 13,6x
Yield 2022 2,16%
Capitalization 3 238 B 29 548 M 29 468 M
EV / Sales 2022 0,43x
EV / Sales 2023 0,39x
Nbr of Employees 240 202
Free-Float 90,9%
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Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 1 387,50 JPY
Average target price 1 593,41 JPY
Spread / Average Target 14,8%
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Managers and Directors
Yuki Kusumi President, Chief Executive Officer & Director
Hirokazu Umeda CFO, Director & Managing Executive Officer
Kazuhiro Tsuga Chairman
Yoshiyuki Miyabe Chief Technology & Information Officer
Laurence William Bates Director & Chief Compliance Officer
Sector and Competitors