Panasonic Holdings Corp
F:MAT
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Panasonic Holdings Corp
F:MAT
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JP |
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V
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ViroGates A/S
F:EP2
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DK |
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R
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Resource Centrix Holdings Inc
CNSX:RECE
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CA |
Earnings Calls
Last Earnings Call
Record profit: Panasonic said first-quarter operating profit hit a 41-year high, driven by stronger-than-expected AI infrastructure demand and spillover into nearby businesses like mounting machines and factory automation.
Guidance raised: Full-year sales were lifted by JPY 200 billion and operating profit by JPY 40 billion, with management saying AI-related demand is expanding beyond the core businesses originally expected.
Broad strength: Adjusted operating profit improved in every segment, with especially strong gains in Connect, Electric Works, and Industry.
Cash flow: Operating cash flow jumped to JPY 372 billion in Q1, helped by monetization of the U.S. IRA tax credit, and the company said full-year cash flow should exceed last year.
Capacity buildout: Management is accelerating capacity expansion for AI-related products, energy storage systems for data centers, and battery modules, while acknowledging ramp-up issues at the Kansas battery factory.