Panasonic Appliances Business Up 1% in Nine Months
Panasonic Corp. (Osaka, Japan) said sales in its Appliances segment in the third quarter of its fiscal year 2013 were down 1% to 383.1 billion yen (approx. US$4.1 billion). The Appliances segment's operating profit for the quarter was 19.3 billion yen, down 4.3 billion yen.
Sales in Appliances in the first nine months of fiscal 2013 increased 1% to 1,197.1 billion yen (approx. $12.8 billion), from 1,187.4 billion yen a year ago. The company saw of air-conditioners drop, but this was offset by increased sales of refrigerators and washing machines.