Q1 2021 Panasonic Corp Earnings Presentation Transcript

Jul 30, 2020 / NTS GMT
Presentation
Jul 30, 2020 / NTS GMT

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Corporate Participants
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* Hirokazu Umeda
Panasonic Corporation - CFO, Managing Executive Officer & Director

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Conference Call Participants
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* Kota Ezawa
Citigroup Inc., Research Division - MD & Analyst
* Yasuo Nakane
Mizuho Securities Co., Ltd., Research Division - Global Head of Technology Research & Senior Analyst

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Hirokazu Umeda - Panasonic Corporation - CFO, Managing Executive Officer & Director

I'll start my presentation on the consolidated financial results for the first quarter of fiscal 2021, FY '21, ended June 30, 2020, and the full year forecast.

First, the summary. For the first quarter of FY '21, overall sales decreased due to deconsolidation in the business portfolio reform and the COVID-19 impact. Overall, operating profit decreased with large sales decrease despite steady progress in enhancing the management structure.

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