Japan: Solar helps Panasonic trim costs


But, despite the slackening in the Old World, the group's energy division – which includes solar – mirrored the performance of the parent with profits rising despite falling sales.

In energy, as with the group as a whole, cost reductions and streamlining of material costs helped pull off the trick. And with the price of polysilicon continuing to tank, the reductions to be found in Panasonic‘s solar business will have helped offset falling domestic demand for the Japanese manufacturer's flat panel TVs and Blu-Ray DVD recorders.

Sales in the energy division fell 6% to Yen434.8 billion (US$4.72bn) on the same period in 2011, but profits rose to Y6.4bn compared to a 2011 nine-month loss of Y16.7bn. For the group as a whole, sales fell 9% to Y5,439.7bn with operating profits up to Y122bn from Y39.5bn.

However, the group's pre-tax loss of Y269.4bn (compared to Y350.5bn) for the period was blamed largely on falling demand for photovoltaics and lithium-ion batteries as well as mobile phone products.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.