Panasonic's battery unit Q2 operating profit rises 42%, keeps forecast
Adds financial statement details; paragraphs 4-8
TOKYO, Oct 31 (Reuters) -Japan's Panasonic Holdings 6752.T said on Thursday second-quarter operating profit rose 42% at its battery-making energy unit, as stronger sales of energy storage systems for data centres offset falling demand for automotive batteries.
Operating income for the key segment, which makes batteries for Tesla TSLA.O and other automakers, rose to 32.7 billion yen ($213.82 million), despite a decline in profit from the in-vehicle business.
The company retained its full-year operating profit forecast for the unit at 109 billion yen, however.
Panasonic said the unit was grappling with lower sales in Japanand increased development costs for new customers, as well as ramp-up costs for factories in Kansas and Japan's Wakayama prefecture in the quarter.
Last month, Panasonic Energy said it had finalised preparations for mass production of its 4680 batteries in Wakayama to help automakers extend the driving range of EVs and use fewer cells to achieve the same battery pack capacity.
The unit has sought growth in the North American market by building a second U.S. plant in Kansas set to start production in early 2025 and with another factory in Nevada that provides batteries to Tesla.
It competes with other Asian battery makers such as China's CATL 300750.SZ and South Korea's LG Energy Solution 373220.KS, which said on Monday it had a conservative view of revenue growth next year amid slowing EV demand.
Panasonic also maintained its full-year profit forecast for its entire business at 380 billion yen.
($1=152.9300 yen)
Reporting by Daniel Leussink; Editing by Shri Navaratnam
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
