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DOGE0.070.84%SOL19.370.72%BNB287.900.44%USDC1.000.01%AVAX15.990.06%XLM0.080.37%
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Technology

Technology

Panasonic profits more this year due to increasing battery demand.

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A pedestrian is reflected in a sign at Panasonic Center in Tokyo, Japan, Feb. 3, 2016. REUTERS/Yuya ... A pedestrian is reflected in a sign at Panasonic Center in Tokyo, Japan, Feb. 3, 2016. REUTERS/Yuya Shino/File Photo
A pedestrian is reflected in a sign at Panasonic Center in Tokyo, Japan, Feb. 3, 2016. REUTERS/Yuya ... A pedestrian is reflected in a sign at Panasonic Center in Tokyo, Japan, Feb. 3, 2016. REUTERS/Yuya Shino/File Photo

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Panasonic Holdings Corp (6752.T), a Japanese E.V. battery producer, anticipated a higher operating profit this year on Wednesday due to strong U.S. auto battery sales.

The industrial behemoth, which provides batteries to U.S. E.V. leader Tesla Inc (TSLA.O), is boosting its energy business as rising global inflation dampens consumer mood.

Panasonic predicts an operating profit of 430 billion yen ($3.18 billion) for the year ending March 2024, up from 288.6 billion yen. Refinitiv’s 20 analyst projections average 383.96 billion yen.

Panasonic earned 54.4 billion yen in the fourth quarter. Compared to 83.4 billion yen last year and 59.49 billion yen average of 12 expert projections.

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Comment Template

GDP p.c.

Real Gross Domestic Product per Capita

60,422.000.57%

U.S. 10 Yr

10-Year Treasury Constant Maturity Rate

3.532.49%

S&P 500

Standard and Poor's 500

3,991.050.38%

DJIA

Dow Jones Industrial Average

32,800.350%

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