Panasonic Holdings Corp (OTC: PCRFF) plans to reserve 130 billion Japanese yen (895 million dollars) in restructuring charges for exercise 2026, because it intensifies its accent on its main skills.
During the current financial year, the company plans to reduce the strength of its employees by 10,000, including 5,000 employees in Japan and 5,000 abroad, Bloomberg reported on Friday.
THE Tesla inc (Nasdaq: TSLA) The headline of the battery supplier decreased by 0.5% during the financial year 2025 to 8.46 yen billions. Operating profit increased by 18% to 426.5 billion yen, while net profit fell 17.4% to 384.4 billion yen.
Read also: The Tesla porcelain sales slide in April, extending the reduction of 7 months while the rivals gain ground
Panasonic provides turnover for the 2026 fiscal year of 7.80 Billions of Yen and a net profit of 310.0 billion yen. Directives do not include the impact of American prices.
Panasonic plans to pay an annual dividend of 48 yen per share for the year 2025, which includes the provisional dividend of 20 yen per share paid on December 2, 2024 and a year -end dividend of 28 yen per share. This is an increase of 13 yen per share compared to the exercise 2024.
In February, Panasonic announced that it would target a return to equity of 10% or more during the year ending in March 2029. She shared plans to rationalize her operations, cut non-crosses such as industrial and televisions and accelerate a pivot thanks to artificial intelligence.
In September 2024, Panasonic had around 228,420 employees worldwide.
Panasonic aims to reduce its dependence on China for battery supply of electric vehicles to the United States in response to President Trump prices on Chinese imports.
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