Recently the NHK News reported the following:
Panasonic the major electric machine manufacturer clarified the prospect that their final profit for the period ending March next year would decrease by about 60 percent compared with the same time of the previous period due to the East Japan great earthquake.
According to the announcement of Panasonic, it was expected that the profit and loss in the first half of the year from April to September of the current year would be a deficit of 70 billion yen. The reason for this was that sales such as those related to car parts and LCD TVs had decreased greatly due to the East Japan great earthquake. It remained in the level that drop below the same time of the previous period by 59%, although current year's final profit and loss for the period ending March next year would become a surplus of 30 billion yen could be expected because a gradual recovery from the influence of the earthquake was anticipated. Mr. Ueno the managing director described that "It is actually felt that the degree of influence of the earthquake is decreasing month after month", and showed the idea of aiming at the recovery of achievements in the fields such as houses and solar batteries around the latter half of this year.
It is a good news that Panasonic is confident about their business will pick up gradually.