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Panasonic's battery unit posts sharp rise in Q1 operating profit

Panasonic's battery unit posts sharp rise in Q1 operating profit
Channel News Asia Thursday 30 July 2026, 06:47 UTC 1 min read
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Panasonic's battery unit posts sharp rise in Q1 operating profit TOKYO, July 30 : Japan's Panasonic Holdings said on Thursday operating profit at its energy unit, which makes electric-vehicle and data-centre batteries, saw double-digit growth in the first quarter, boosted by higher sales of energy storage systems. The profit for the key business posted a 28 per cent rise to 40.9 billion yen ($250 million). Panasonic maintained the annual profit forecast for the unit, which makes batteries...

Panasonic's battery unit posts sharp rise in Q1 operating profit TOKYO, July 30 : Japan's Panasonic Holdings said on Thursday operating profit at its energy unit, which makes electric-vehicle and data-centre batteries, saw double-digit growth in the first quarter, boosted by higher sales of energy storage systems. The profit for the key business posted a 28 per cent rise to 40.9 billion yen ($250 million). Panasonic maintained the annual profit forecast for the unit, which makes batteries for Tesla and other EV makers, at 171 billion yen. ($1 = 163.5800 yen)
Panasonic (ORG) Q1 (ORG) TOKYO (LOCATION) Japan (LOCATION) Panasonic Holdings (ORG) Tesla (ORG) EV (ORG)
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