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Panasonic, Net Income Forecast for the Fiscal Year Revised Downward by 8%

Wed Feb 4, 2026 3:30 pm JST Earnings

6752 Panasonic Holdings Corporation 【IFRS】

Earnings Report

Panasonic Holdings Corporation <6752> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 4th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) significantly dropped 56.6% from the same period last year to 125 billion yen.

In addition, the full-year forecast for consolidated net income has decreased 7.7%, from the previous forecast of 260 billion yen to 240 billion yen (compared to 366 billion yen in the previous period), leading to an increase in the profit decline rate from 29.0% to 34.5%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income for the October to March period (second half) has decreased 17.0%, from the previous forecast of 117 billion yen to 97.5 billion yen (compared to 177 billion yen in the same period of the previous year), leading to an increase in the profit decline rate from 33.7% to 45.0%.

In the most recent three-month period, from October to December (3Q), the consolidated net income/loss turned to a loss of 17.1 billion yen (compared to a profit of 99.4 billion yen in the same period last year). The operating profit/loss margin drastically worsened from 6.1% in the same period last year to -0.3%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 6,300,306 320,257 368,784 399,178 171.0 86.7 Feb 2, 2024 IFRS
Apr - Dec, 2024 6,403,897 348,308 395,661 288,406 123.5 81.4 Feb 4, 2025 IFRS
Apr - Dec, 2025 5,883,780 157,779 177,225 125,297 53.7 56.3 Feb 4, 2026 IFRS
YoY -8.1% -54.7% -55.2% -56.6% -56.6%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 3,879,524 155,004 167,140 117,596 50.4 20 Oct 30, 2025 IFRS
Oct - Mar, 2025 New 3,879,524 125,004 137,140 97,596 41.8 20 Feb 4, 2026 IFRS
Revision Rate 0.0% -19.4% -17.9% -17.0% -17.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 7,700,000 320,000 345,000 260,000 111.4 40 Oct 30, 2025 IFRS
Mar, 2026 New 7,700,000 290,000 315,000 240,000 102.8 40 Feb 4, 2026 IFRS
Revision Rate 0.0% -9.4% -8.7% -7.7% -7.7%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 4,206,875 210,444 235,330 177,296 76.0 28 May 9, 2025 IFRS
Oct - Mar, 2025 Guidance 3,879,524 125,004 137,140 97,596 41.8 20 Feb 4, 2026 IFRS
YoY -7.8% -40.6% -41.7% -45.0% -45.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 8,496,420 360,962 425,239 443,994 190.2 35 May 9, 2024 IFRS
Mar, 2025 8,458,185 426,490 486,289 366,205 156.9 48 May 9, 2025 IFRS
Mar, 2026 Guidance 7,700,000 290,000 315,000 240,000 102.8 40 Feb 4, 2026 IFRS
YoY -9.0% -32.0% -35.2% -34.5% -34.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 2,152,587 132,262 144,702 99,497 42.6 6.1 Feb 4, 2025 IFRS
Jan - Mar, 2025 2,054,288 78,182 90,628 77,799 33.3 3.8 May 9, 2025 IFRS
Apr - Jun, 2025 1,896,691 86,903 90,977 71,463 30.6 4.6 Jul 30, 2025 IFRS
Jul - Sep, 2025 1,923,785 78,093 86,883 70,941 30.4 4.1 Oct 30, 2025 IFRS
Oct - Dec, 2025 2,063,304 -7,217 -635 -17,107 -7.3 -0.3 Feb 4, 2026 IFRS
YoY -4.1% － － － －

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