TOKYO May 11 Panasonic Corp said on
Thursday it expects operating profit to rise 21 percent in the
financial year through March as investments in advanced
automotive parts begin to pay off.
Panasonic forecasts operating profit to increase to 335
billion yen ($2.93 billion) from 276.8 billion yen a year prior.
The outlook compares with the 346.28 yen average estimates
compiled by Thomson Reuters.
Panasonic, which mark its 100th anniversary next year, is
shifting its focus to corporate clients such as automakers to
escape price competition in lower-margin consumer electronics.
($1 = 114.1400 yen)
(Reporting by Makiko Yamazaki; Editing by Miral Fahmy)