Core Viewpoint - The introduction of new tariffs on lithium-ion batteries from China is expected to benefit Panasonic and other South Korean manufacturers, potentially enhancing their profitability in the U.S. market as the EV industry faces challenges [2][29]. Company Overview - Panasonic's stock has declined to levels lower than a year ago, primarily due to its association with the EV industry, which is currently experiencing a downturn [1]. - The company is transitioning from being viewed as a home appliance manufacturer to a battery cell provider, with a focus on its energy division [1][2]. Tariff Impact - The U.S. is increasing tariffs on lithium-ion batteries and parts from 7.5% to 25%, which could make Chinese imports more expensive than U.S.-produced cells [5][29]. - This tariff change is likely to increase reliance on South Korean and Japanese manufacturers, including Panasonic, to fill supply chain gaps in the U.S. [3][29]. Financial Performance - Panasonic's recent quarterly results showed an increase in sales and profit year-over-year, aided by one-time gains from the sale of its LCD unit [11]. - The energy division currently accounts for approximately 11.9% of Panasonic's revenue, with expectations to grow significantly as new production capacity comes online [18]. Strategic Developments - Panasonic is constructing a new battery manufacturing facility in Kansas, expected to start mass production of 2170 cells by Q4 FY3/25 [14]. - The company has signed agreements with Subaru and Mazda for battery supply, diversifying its customer base beyond Tesla [15]. Valuation Metrics - Panasonic's stock is trading at a price-to-book ratio of 0.67, indicating it is undervalued compared to its book value [20]. - The company has a current ratio of 1.3 and a debt-to-equity ratio of 0.296, reflecting a conservative balance sheet [24]. Future Outlook - The energy division is projected to represent over 25% of Panasonic's sales by 2026, driven by capacity expansion and reinvestment from asset sales [18]. - The company aims for a return on equity of 10.9% for FY2024, up from 7.8% in 2023, as it focuses on improving capital efficiency [19].

Kenji Yasui - UBS Securities Yu Okazaki - Nomura Securities Junya Ayada - JPMorgan Securities Mikio Hirakawa - BofA Securities Kota Ezawa - Citi Group Securities Yasuo Nakane - Mizuho Securities Unidentified Company Representative I'd like to now present the fiscal 2024 financial results as well as fiscal 2025 financial forecast. This is a summary. Regarding the accounting treatment of the U.S. Inflation Reduction Act or IRA, the amount was recorded on PL as before. In fiscal 2024, both sales and profit inc ...

Panasonic Corp. (PCRFY) ended the recent trading session at $9.36, demonstrating no swing from the preceding day's closing price. This change was narrower than the S&P 500's daily loss of 0.72%. At the same time, the Dow lost 1%, and the tech-heavy Nasdaq lost 0.95%.Coming into today, shares of the company had lost 2.95% in the past month. In that same time, the Consumer Discretionary sector lost 0.15%, while the S&P 500 gained 2.16%.The investment community will be paying close attention to the earnings pe ...

Panasonic Holdings Corporation (PCRFY) has inked an agreement with Apollo Global Management, Inc. (APO) to sell its majority stake in Panasonic Automotive Systems Corporation (“PAS”) for an aggregate enterprise value of ¥311 billion.The transaction is expected to be completed by the end of the first quarter of 2025, subject to customary closing conditions, including regulatory approvals.Per the agreement, a newly formed company (indirectly owned by the funds managed by Apollo) will acquire all of the shares ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Panasonic Corp. (PCRFY) .Panasonic currently has an average brokerage reco ...

Blue-Chip stocks are like the fortress for the portfolio. These stocks defend the portfolio from volatility besides providing regular cash flows through dividends. At the same time, blue-chip stocks can deliver healthy capital gains. As a small example, Costco Wholesale (NASDAQ:COST) has trended higher by 226% (capital gains) in the last five years. This has led to this list of blue-chip stocks under $20.Therefore, in any market condition, I would look at 40% to 50% exposure to quality blue-chip names. It’s ...

In the latest market close, Panasonic Corp. (PCRFY) reached $9.15, with a -0.44% movement compared to the previous day. The stock fell short of the S&P 500, which registered a loss of 0.29% for the day. Meanwhile, the Dow experienced a drop of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.3%.Prior to today's trading, shares of the company had lost 1.08% over the past month. This has lagged the Consumer Discretionary sector's gain of 2.42% and the S&P 500's gain of 4.42% in that time.Analyst ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Panasonic Corp. (PCRFY) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Panasonic Corp. currently ...

Fiscal 2024 Third Quarter Financial Results © 2024 Panasonic Holdings Corporation. All Rights Reserved. 13 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------|-------------------|-------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Currently, some businesses are affected by the changes in the business environment. However, we are continuing to take necessary actions toward medium- to long-term growth. We respond flexibly to the changes in the business environment and always continue to enhance our business competitiveness toward future growth. Question-and-Answer Session From Nikkei, Ando-san [ph], please. Ando, from Nikkei, thank you for the presentation. First, my question is on Panasonic industry. In addition to the UL certificatio ...