Panasonic Holdings Corporation (0QYR) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

I will present the consolidated financial results of Panasonic Holdings Corporation for fiscal 2026 ended March 31st, 2026, and the forecast for the fiscal year ending March 2027. We are presenting our financial results and forecast based on the new reportable segments starting from this earnings briefing following the new group structure as of January 20th. First, the highlights. Sales and profit decreased year-on-year. Sales decreased overall, despite higher sales of Kinect, Electric Works, Energy, and Industry, due to lower sales of HVAC and CC, and Smart Life, as well as the deconsolidation of automotive. Adjusted operating profit decreased overall despite increased profit of Connect, Electric Works, HVAC and CCN Industry due to lower profit resulting from one-ton expenses related to past in-vehicle manufacturing process issues of energy and the automotive deconsolidation. Operating profit and net profit decreased due to recording of restructuring expenses for the group management reform. Operating cash flow decreased year-on-year due to the non-recurrence of monetization of IRA tax credit through transferable method in FY25 and restructuring expenses. As for the FY27 forecast, overall sales are expected to decrease due mainly to the impact of deconsolidation and the effect of exchange rates. All sales in real terms are to increase in all segments. AOP in all segments is to increase due mainly to higher sales of AI infrastructure-related businesses and the effect of restructuring. Overall, AOP is expected to increase even after factoring in a negative impact of $30 billion, reflecting risks from a deteriorating situation in the Middle East and the further memory price hikes. Annual dividends for FY26 are determined at 40 yen per share and forecasted to be 54 yen ...