Pana forecasts 60% decrease in profit
Impact of the earthquake disaster on FY12/3
June 20, 2011, Osaka, Japan - Mr. Makoto Uenoyama, Managing Director in charge of Accounting for Panasonic announces Panasonic Corporation's consolidated financial forecasts for the fiscal year ending March 31, 2012. These forecasts were delayed by almost 2 months due to difficulties in assessing the impact of the Great East Japan Earthquake. The actual forecasts suggest similar net sales to 2011 with a 11.5% drop in Operating Profit. (Photo by AFLO) [1080] -me-