TOKYO - Panasonic Corp. are targeting their operating profits by260 to 280 billion yen or approximately $ 3, 24 to USD3, 5 billion,for the year to March 2012. This target is decreasedapproximately 10 percent from a year earlier, given the collapse of the sale by the earthquake that occurred in March. Similarly, as quoted by Reuters on Monday (6/20/2011).
Panasonic's Profit Target for $ 3 Billion is set in 2012
Previous technology company in Osaka is projecting profit growthof 2 percent to 310 billion yen until the end of April 2011, but theprojection does not include the factor of the earthquake and tsunami disaster that occurred on March 11. Panasonic Corp., which last year had operating profit of 305 billionyen, is scheduled to announce its financial statements in the near future. "The demand for car navigation systems and auto parts to decline, given the domestic production in the country today," said theNikkei media group, responded to the earthquake in the industrialsector in Japan. "Domestic sales of flat-screen televisions are expected to rise this year, after the Japanese government run program of economic incentive," he added. Earthquake and tsunami that struck Japan in March was much hurtthe industrial sector. Because in addition to destroying the factories, the disaster also inhibit the production and distributionprocess.
