16:39 - 30.10.2026

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October 30, Fineko/abcnews. Japan’s Panasonic Holdings (6752.T) raised its full-year operating profit forecast by 20% to 710 billion yen ($4.5 billion), driven by stronger-than-expected AI-related demand and robust EV battery sales.

According to official disclosures, this marks the second consecutive quarter the company has upgraded its annual operating profit guidance (up from 590 billion yen). Group CEO Yuki Kusumi noted that demand for AI infrastructure components surpassed expectations. Additionally, operating profit at its Energy unit, which supplies EV batteries to Tesla, surged to 55.6 billion yen in Q2 from 1.2 billion yen a year earlier. Consequently, Panasonic lifted the Energy unit’s full-year profit target by 16% to 198 billion yen.