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Panasonic (6752) investor relations material
Panasonic Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q2 profit reached a record second-quarter high across all segments, supported by AI infrastructure demand, sales growth, restructuring benefits, rationalization and pricing actions.
Stronger-than-expected AI and data-center demand prompted another FY2027 outlook increase; the FY2029 AOP target is expected to be reached two years early.
Financial highlights
Q2 sales rose 8% YoY to ¥2,073.6bn; adjusted operating profit was ¥213.2bn, 236% YoY, and operating profit was ¥180.7bn, 231% YoY.
Q2 attributable net profit was ¥141.8bn, 200% YoY; EBITDA was ¥283.9bn, 156% YoY.
H1 sales were ¥4,092.5bn, up 7.1% YoY; operating profit was ¥363.2bn, up 120.1%, and attributable net profit was ¥277.0bn, up 94.5%.
H1 operating cash flow was ¥323.1bn, investing cash outflow ¥239.7bn and financing cash outflow ¥87.6bn; period-end cash was ¥761.5bn.
Outlook and guidance
FY2027 sales forecast rose ¥600bn to ¥8,400bn; adjusted operating profit increased ¥130bn to ¥780bn and operating profit rose ¥120bn to ¥710bn.
FY2027 attributable net profit forecast rose ¥90bn to ¥540bn; EPS is ¥231.26, ROE 10.0% and EBITDA ¥1,140bn.
FY2029 AI-infrastructure-related sales target rose to ¥1.6tn, including ¥1.0tn from Energy and ¥600bn from Industry; the over-¥750bn AOP goal is targeted two years early.
Q2 AI-related Industry sales were ¥88.6bn, 1.6x YoY; the FY2027 forecast rose ¥50bn to ¥360bn.
Annual dividend forecast is ¥70 per share, up ¥30 YoY; forecast payout ratio is 30.3%.
- Record Q1 profit and raised outlook driven by AI/data center demand and strong segment growth.6752
Q1 2027 - Doubling AI device sales and tripling DC energy storage by FY2029 through major investments.6752
Investor Day 2026 - Profit growth driven by AI infrastructure, service transformation, and disciplined investment.6752
Investor presentation - FY 2027 profit is set to rebound on AI and data center growth, despite sales decline and market risks.6752
Q4 2026 - Profit fell on restructuring costs despite higher adjusted operating profit in key segments.6752
Q3 2026 - Adjusted operating and net profit rose despite lower sales and tariff risks.6752
Q1 2026 - Sales and profit up on generative AI and data center demand; outlook and dividend steady.6752
Q2 2025 - Sales up 5% year-over-year, but profits fell; full-year guidance remains unchanged.6752
Q1 2025 - FY 2025 profit rose (ex-auto); restructuring and 10,000 job cuts target higher margins.6752
Q4 2025
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