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Panasonic, Net Income Forecast for the Fiscal Year Revised Downward by 16%

Thu Oct 30, 2025 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 October 30th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 24.6% from the same period last year to 142 billion yen.

In addition, the full-year forecast for consolidated net income has decreased 16.1%, from the previous forecast of 310 billion yen to 260 billion yen (compared to 366 billion yen in the previous period), leading to an increase in the profit decline rate from 15.3% to 29.0%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to drop 33.7% from the same period last year to 117 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income dropped to 70.9 billion yen, a 40.0% decrease compared to the same period last year. The operating profit margin worsened from 6.2% in the same period last year to 4.1%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 4,119,424 192,835 224,331 288,379 123.6 52.8 Oct 30, 2023 IFRS
Apr - Sep, 2024 4,251,310 216,046 250,959 188,909 80.9 51.6 Oct 31, 2024 IFRS
Apr - Sep, 2025 3,820,476 164,996 177,860 142,404 61.0 51.6 Oct 30, 2025 IFRS
YoY -10.1% -23.6% -29.1% -24.6% -24.6%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 20 Aug 29, 2025 IFRS
Apr - Sep, 2025 Results 3,820,476 164,996 177,860 142,404 61.0 20 Oct 30, 2025 IFRS
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 7,800,000 370,000 410,000 310,000 132.8 40 Aug 29, 2025 IFRS
Mar, 2026 New 7,700,000 320,000 345,000 260,000 111.4 40 Oct 30, 2025 IFRS
Revision Rate -1.3% -13.5% -15.9% -16.1% -16.1%

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 3,879,524 155,004 167,140 117,596 50.4 20 Oct 30, 2025 IFRS
YoY -7.8% -26.3% -29.0% -33.7% -33.7%

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 7,700,000 320,000 345,000 260,000 111.4 40 Oct 30, 2025 IFRS
YoY -9.0% -25.0% -29.1% -29.0% -29.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 2,129,621 132,285 146,246 118,276 50.7 6.2 Oct 31, 2024 IFRS
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
YoY -9.7% -41.0% -40.6% -40.0% -40.0%

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