While Revenue Growth Is Impressive, a Few More Quarters Will Be Necessary to See Margin Expansion
We have a mixed impression of Panasonic’s June quarter earnings. On the positive side, its revenue grew 7.7% from the previous year, which is the highest growth rate over the past decade, if excluding the impact of mergers and acquisitions, or M&A, and currencies. Panasonic has been working for years to expand its overseas business and B2B business, as it had been struggling from the lower growth and intense competition of the domestic consumer electronics market, and so we are encouraged by...Panasonic offers a range of products, systems and components for consumer, business and industrial use based on electronics and precision technology, expanding to building materials and equipment, and housing business. Co. divides its businesses into five segments: Appliances, Eco Solutions, Connected Solutions, Automotive & Industrial Systems and Other. Co.'s principal products include home appliances such as refrigerators, room air conditioners, washing machines and vacuum cleaners; lighting fixtures and electric lamps, video and audio equipment, electrical components, batteries, semiconductors and optical devices.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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