Panasonic's battery unit maintains annual profit forecast at $785 mln

Panasonic Holdings

02/02/2024 06:45

TOKYO, Feb 2 (Reuters) - Japan's Panasonic Holdings
 6752.T  kept the operating profit forecast for its
battery-making energy unit on Friday and reported a rise in
third-quarter operating profit for the segment, helped by
stronger sales in North America.
    The unit, which makes batteries for Tesla  TSLA.O  and other
automakers, maintained its forecast for operating profit of 115
billion yen ($785.36 million) for the year ending March 31. 
    Third-quarter operating profit was boosted by increased
sales in North America and a better balance between raw
materials and selling prices, despite weaker sales at its Japan
factory and increased fixed costs, the company said in
presentation materials. 
    ($1 = 146.4300 yen)

 (Reporting by Daniel Leussink)
 ((daniel.leussink@thomsonreuters.com; Twitter:
@danielleussink;))