Panasonic reports profits despite TV division decline

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Panasonic reported its fourth straight year of profit growth, thanks to 53% year-on-year growth in its automotive and industrial systems category.

Panasonic posted profits of 381.9 billion yen for the year ending March 2015, up 25% on the previous year. Total sales brought in 7,715 billion yen, remaining flat on 2014.

The company's appliances segment saw profit increase by 37% to 40.5 billion yen, thanks largely, Panasonic said in a statement, to overseas sales in home appliances such as air conditioners.

Joe Cox
Joe Cox
Content Director

Joe is the Content Director for What Hi-Fi? and Future’s Product Testing, having previously been the Global Editor-in-Chief of What Hi-Fi?. He has worked on What Hi-Fi? across the print magazine and website for almost 20 years, writing news, reviews and features on everything from turntables to TVs, headphones to hi-fi separates. He has covered product launch events across the world, from Apple to Technics, Sony and Samsung; reported from CES, the Bristol Show, and Munich High End for many years; and written for sites such as the BBC, Stuff and The Guardian. In his spare time, he enjoys expanding his vinyl collection and cycling (not at the same time).