2023-05-10 16:24:37
MADRID, 10 May. (EUROPA PRESS) –
The industrial company of household appliances and electronic components Panasonic Group registered an attributable net profit of 265,502 million yen (1,797 million euros) at the end of its fiscal year, which ended on March 31, which represents an increase of 4% in comparison with the accounts of the previous year, as reported by the Japanese multinational on Wednesday.
Panasonic’s net sales for the year as a whole totaled 8.38 trillion yen (56,732 million euros), 13.4% above the income received the previous year. On their side, sales in Japan provided 3.28 trillion yen (22,205 million euros), while those in the rest of the world reported 5.10 trillion yen (34,526 million euros) to Panasonic. The latter were responsible for the overall improvement in billing.
Panasonic’s life solutions business saw its sales grow by 10% in the year, to 3.48 trillion yen (23,559 million euros), while the automotive components division had a turnover of 1.30 trillion yen ( 8,801 million euros), 22.1% more. The connectivity area did the same with another 22%, until it stood at 1.13 trillion yen (7,650 million euros).
For its part, the industrial business recorded an annual increase of 1.8% in turnover, up to 1.15 trillion yen (7,785 million euros) and the energy division registered an improvement of 25.8%, up to 971,800 million yen (6,579 million euros). Regarding other types of sales, 1.20 trillion yen (8,124 million euros) were recorded, 3.4% more.
Regarding expenses, production costs stood at 6.12 trillion yen (41,432 million euros), to which must be added the 12.9% rise in sales, general and administrative costs, which were 1.95 trillion yen (13,201 million euros). Thus, the total costs have added up to 8.07 trillion yen (54,633 million euros), 14.8% more.
DIVIDEND AND FUTURE OUTLOOK
Panasonic anticipates the distribution of an annual dividend of 30 yen (0.20 euros) per share, which already includes an interim dividend of 15 yen (0.10 euros) paid in November 2022. The remaining amount is expected to be paid to the shareholders on June 2.
Looking ahead to 2024, the company forecasts sales of 8.50 trillion yen (57,544 million euros), 1% higher than those of 2023, while the attributable net profit for the period will be 350,000 million yen (2,369 million euros), 32% more.
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