Panasonic's battery unit posts sharp rise in Q1 operating profit
30/07/2026 07:42
Panasonic's battery unit posts sharp rise in Q1 operating profit TOKYO, July 30 (Reuters) - Japan's Panasonic Holdings 6752.T said on Thursday operating profit at its energy unit, which makes electric-vehicle and data-centre batteries, saw double-digit growth in the first quarter, boosted by higher sales of energy storage systems.
The profit for the key business posted a 28% rise to 40.9 billion yen ($250 million). Panasonic maintained the annual profit forecast for the unit, which makes batteries for Tesla TSLA.O and other EV makers, at 171 billion yen.
($1 = 163.5800 yen)
(Reporting by Daniel Leussink; Editing by Jacqueline Wong)
((daniel.leussink@thomsonreuters.com; Twitter: @danielleussink;))
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