Panasonic
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Panasonic (6752) investor relations material

Panasonic Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary4 Feb, 2026

Executive summary

  • Sales and operating profit declined year-over-year, mainly due to lower Lifestyle segment sales, deconsolidation of Automotive, and significant restructuring expenses, despite growth in Connect, Industry, and Energy segments.

  • Adjusted operating profit increased, but operating and net profit fell due to major restructuring, including a headcount reduction of approximately 12,000 employees and divestitures in non-core businesses.

  • Operating cash flow for the nine-month period decreased year-over-year, impacted by the absence of IRA tax credit monetization and restructuring costs.

  • Comprehensive income remained stable at ¥476,952 million, nearly unchanged from the prior year.

Financial highlights

  • Sales for the nine months were ¥5,883.8 billion, down 8% year-over-year; third quarter sales were ¥2,063.3 billion, down 4% year-over-year.

  • Adjusted operating profit rose to ¥159.1 billion for the quarter (+6% YoY), and ¥341.0 billion for nine months (+3% YoY).

  • Operating profit dropped to a loss of ¥7.2 billion for the quarter and ¥157.8 billion for nine months, mainly due to restructuring costs.

  • Net profit attributable to shareholders was -¥17.1 billion for the quarter and ¥125.3 billion for nine months, down 56.6% year-over-year.

  • Operating cash flow decreased to ¥412.4 billion for nine months, down from ¥702.7 billion year-over-year.

Outlook and guidance

  • Full-year sales forecast remains at ¥7,700.0 billion, with adjusted operating profit at ¥470.0 billion (6.1% margin).

  • Operating profit guidance revised down to ¥290.0 billion (3.8% margin) due to higher restructuring expenses.

  • Net profit forecast lowered to ¥240.0 billion (3.1% margin), EPS expected at ¥102.80.

  • Segment guidance: Lifestyle adjusted operating profit revised down, Connect and Industry revised up, Energy unchanged overall but with a downward revision for In-vehicle and upward for Industrial/Consumer.

  • Energy storage system sales for data centers are expected to see significant growth, with a target of ¥800 billion by FY2029.

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Frequently asked questions

Panasonic Corporation's main products include audiovisual and broadcasting related equipment such as televisions, Blu-ray recorders, projectors, and audio equipment; home appliances related products such as refrigerators, washing machines, air conditioners, and vacuum cleaners; beauty products such as hair dryers and shavers; office automation related products such as personal computers, copying machines, printers, scanners, and point-of-sale terminals; car electronics related products such as navigation systems. Panasonic operates in three segments: Appliances, Eco Solutions and AVC Networks.

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