Panasonic Half-Year Report 2023

For the six months ended September 30, 2022, the Company’s consolidated group sales increased by 15% to 4,063.9 billion yen from a year ago. This is due to increased sales of such products as A2W (Air to Water, hot water heat pump system) and automotive batteries as well as to the new consolidation of Blue Yonder and the effect of currency translation, despite the impact on production & sales caused by shortages in semiconductor and parts & materials.

Operating profit decreased by 26% to 149.8 billion yen from a year ago. This is due mainly to the impact of price hikes in raw materials and increased fixed costs, despite increased sales and efforts such as price revisions. Profit before income taxes decreased by 19% to 166.6 billion yen and Net profit attributable to Panasonic Holdings Corporation stockholders decreased by 30% to 107.3 billion yen from a year ago.