Mr. Kusumi
Group Management Reform Leader
Replay available
Panasonic Holdings Corporation (0QYR) Q2 2026 Earnings Call
Panasonic Holdings Corporation (LSE: 0QYR) Q2 2026 earnings conference call, held 2025-10-30. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Mr. Waniko
Chief Financial Officer (CFO)
Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Panasonic Holdings Corporation.
Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:05.064 Thank you very much. I'd like to first of all present the 00:00:05.064 -- 00:00:09.449 Q2 financial results for fiscal 2026. 00:00:10.718 -- 00:00:13.901 This is a summary of results. 00:00:17.767 -- 00:00:20.151 Sales and profit 00:00:20.151 -- 00:00:23.356 decreased year-on-year in Q2. 00:00:23.356 -- 00:00:28.745 Overall sales were down due to lower sales in lifestyle and deconsolidation 00:00:28.745 -- 00:00:34.871 of automotive, despite higher sales of connect, industry, and energy. 00:00:36.903 -- 00:00:41.969 Looking at each business, sales of generative AI-related businesses in 00:00:41.969 -- 00:00:47.136 industry and energy increased, in addition to higher sales of process 00:00:47.136 -- 00:00:52.302 automation in Connect. However, the sales of the in-vehicle 00:00:52.302 -- 00:00:57.649 in energy decreased. Overall, Ajacero P decreased due largely 00:00:57.649 -- 00:01:03.397 to the lower profit in energy, resulting from the significant deterioration in in-vehicle 00:01:03.397 -- 00:01:06.903 despite higher profit in lifestyle-connected industry. 00:01:06.903 -- 00:01:12.111 Net profit decreased due to lower AOP and the deterioration in other 00:01:12.111 -- 00:01:17.940 income and loss. Operating cash flows decreased year-on-year due to the absence of monetization 00:01:17.940 -- 00:01:23.188 of IRA tax credit through transferable method in fiscal 25. 00:01:23.188 -- 00:01:28.498 For the full year, the sales forecast is revised downward due to a major 00:01:28.498 -- 00:01:33.641 revision in vehicle. As I said, OP is expected to continue 00:01:33.641 -- 00:01:38.728 its year-on-year increase despite the downward revision of 30 billion yen, 00:01:38.728 -- 00:01:43.876 factoring in the impact of U.S. tariffs, which was ...