Pana forecasts 60% decrease in profit
Impact of the earthquake disaster on FY12/3
June 20, 2011, Osaka, Japan - Mr. Makoto Uenoyama, left, 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-