Panasonic Anticipates To Short-Term Losses In Revenue, Says WSJ

Posted on Jul 10 2012 - 8:52am by CONTRIBUTOR

Editor’s NoteGuest Author Himanshu Madhan is a technology enthusiast interested in analysing and reporting about different technologies.

The Wall Street Journal reported that Panasonic anticipated to short-term losses in revenue while their work effort signs to long-term profitability. The new president (elected at the end of February) of Panasonic, Kazuhiro Tsuga warns that sales may decline in the short-term as he looks at measures to overhaul the struggling Japanese electronics conglomerate and cement a long-term return to profitability and investment move will help company to try again to put its foot more stronger this time to talks with Chinese firms about possible partnerships in television business as well as Conducting review of firm’s 90 different business areas. According to Tsuga, “If we don’t accept that revenue will decline to a certain degree, our structure won’t change and we can’t prioritize profitability.”

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