Panasonic Corp. (Osaka, Japan) saw group sales drop 12% in the second quarter of its fiscal year and reported group sales were down 9% in the first half of the fiscal year.
Panasonic's Appliance business segment, however, saw sales increase 2% in the first half of its current fiscal year, to 814.0 billion yen (approx. US$10.2 billion), compared to 801.1 billion yen a year ago.
The company said sales were down in air-conditioners, but this was more than offset by sales increases in refrigerators and washing machines.
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