Panasonic 2012 Q3: $9 billion loss, Sanyo writedowns, restructuring

Panasonic's launched its 2012 questionnaire (its financial year runs from summer time to summer time) and concedes it has been badly on their behalf because it was for The new sony and Sharp. It's accusing japan Earthquake for harmful its supply chain, a powerful yen to keep prices high, plus needing to write-lower the expense because of its purchase of Sanyo. The business's promising to restructure (when confronted with stern competition from Samsung and LG) to become "eco-friendly innovation" business in addition to streamline its operating costs. It's predicting an every three months lack of $9.2 billion because it takes the hit for this turmoil, also it does not seem like things will improve by having an anticipated further lack of another $2 billion in the finish from the (financial) year.

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