Panasonic Holdings Corp
6752: XTKS (JPN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| JPY 6,333.00 | Prh | Trqwqgxvp |
Panasonic Holdings: We Cut Our Forecasts Due to Sluggish Demand; Market Too Pessimistic on Shares
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We have fine-tuned Panasonic’s earnings forecasts and are lowering our operating income forecast for fiscal 2024 (ending March 2025) to JPY 470 billion from JPY 485 billion. The economic slowdown has been affecting several segments. Due to inventory adjustments in the air conditioner business in Europe, we lowered sales forecasts for the lifestyle segment, and due to continued sluggish demand for factory automation equipment, we lowered forecasts for the connect and industry segments.