Slide 1: Consolidated Financial Results for Fiscal 2020
This presentation gives Panasonic’s consolidated financial results for fiscal 2020 (FY20) ended March 31, 2020. Copyright (C) 2020 Panasonic Corporation All Rights Reserved.
Slide 2: Summary of FY20 Financial Results
First, the summary of the financial results for FY20. FY20 results were broadly in line with the revised forecast announced on April 27. Overall sales decreased due to COVID-19 impact, in addition to business portfolio reform and weak investment demand in China. Adjusted operating profit dec
Slide 3: FY20 Consolidated Financial Results
This shows the consolidated financial results for FY20. Overall sales decreased to 7,490.6 billion yen. Adjusted operating profit decreased to 286.7 billion yen. Operating profit decreased to 293.8 billion yen, due mainly to restructuring expenses. Net profit decreased to 225.7 billion yen
Slide 4: Operating Profit Analysis
This slide shows our operating profit analysis. Decreased sales lowered profit by 89.0 billion yen. This was due mainly to weak capital investment demand in China, as well as COVID-19 impact. Rationalization and others led to an increase of 43.2 billion yen, mainly through efforts at the autom
Slide 5: FY20 Results by Segment
This slide shows FY20 results by segment. The chart shows the differences from FY19 results as well as differences from the revised FY20 forecast as of February 3, 2020. First, I will explain the figures by comparison to the FY20 forecast (as of February 3, 2020), which did not yet factor in COV
Slide 6: Sales and Operating Profit Factors by Segment
Next, I will explain the major increase and decrease factors of sales and operating profit by segment, compared with FY19. For details, please refer to reference materials from page 16. For Appliances, sales decreased overall due to decreased sales in Smart Life Network and COVID-19 impact, desp
Slide 7: Free Cash Flow and Cash Position
This slide shows the situation for FCF and cash. FCF was 224.2 billion yen, a significant improvement from the previous year. While we made upfront investment in automotive prismatic batteries, efforts such as thorough control of other capital investment and reduction of inventories contribute
Slide 8: Progress in Business Portfolio Reform
This slide shows our progress made in business portfolio reform. During FY20, the Company promoted initiatives for co-creation with partners in such businesses as automotive prismatic batteries, town development, and security systems, to enhance competitiveness of each business. In terms of lo
Slide 9: Review of FY20
This shows a review of FY20. There are two major points I’d like to make. First, we have pursued steady execution of our business portfolio reform. As explained in the previous slide, we have promoted co-creation, and made progress in setting the direction for loss-making businesses. Second,
Slide 10: Outlook for FY21
From the next slide, I will explain our outlook for FY21. First, our response to the spread of COVID-19. Second, factors affecting financial performance including COVID-19 impact. Copyright (C) 2020 Panasonic Corporation All Rights Reserved. 9
Slide 11: Response to the Spread of COVID-19
In this slide, I will explain three aspects of the Panasonic Group’s response to the spread of COVID-19. First, we will secure the health and safety of various stakeholders, including customers, business partners, employees, and others. In accordance with the laws and policies of the governmen
Slide 12: COVID-19 Impact on Businesses in First Quarter
Next, I will explain the COVID-19 impact on our businesses during the first quarter, as possible factors affecting FY21 financial performance. In the press release dated April 27, we qualitatively explained the impact for the fourth quarter of FY20. During the current first quarter of FY21, we a
Slide 13: Initiatives to Improve Profitability
Finally, this slide shows our initiatives to improve profitability, as possible factors affecting FY21 financial performance. During FY21, we will continue to enhance management structure, such as by reducing fixed costs and taking measures to loss-making businesses. For our automotive busines
Slide 14: Thank you for your kind attention
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