Panasonic targets near 25 per cent rise in operating profit next fiscal year

TOKYO: Japanese electronics supplier Panasonic Corp said on Thursday it aims to boost its operating profit nearly a quarter in the fiscal year starting next month, expanding sales in the automotive technology and housing equipment sectors.

Panasonic said at a briefing in the Japanese capital that it is targeting operating profit of 430 billion yen ($3.63 billion) in the coming fiscal year, up from the 350 billion yen it has forecast it will report for the year ending March 31.