Panasonic targets near 25 percent rise in operating profit next Financial Year

Reuters News
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Posted: Mar 26, 2015 4:52 AM

TOKYO (Reuters) - Japanese electronics supplier Panasonic Corp said on Thursday it aims to boost its operating profit nearly a quarter in the fiscal year starting next month, expanding sales in the automotive technology and housing equipment sectors.

Panasonic said at a briefing in the Japanese capital that it is targeting operating profit of 430 billion yen ($3.63 billion) in the coming fiscal year, up from the 350 billion yen it has forecast it will report for the year ending March 31.

($1 = 118.4800 yen)

(Reporting by Ritsuko Ando; Editing by Kenneth Maxwell)