Increasing Material Cost Hits Panasonic’s Q3 Profitability; Maintain JPY 1,500 FVE

Panasonic is a global electronics conglomerate with hundreds of subsidiaries that manufacture and sell items ranging from automotive products to solar panels. However, its core consumer electronics markets have come under assault as competitors with comparable technologies at lower price points have successfully muscled into Panasonic’s markets, reducing the industry’s profits.