Panasonic Solid Overseas Appliances and Energy Systems Growth to Mitigate Risk of Automotive Battery
Panasonic’s new operating income guidance for fiscal 2019 (financial year ending March 2019) is JPY 425 billion, which is materially in line with our forecast of JPY 440 billion, considering the difference on foreign exchange assumptions (while Panasonic assumes 105 JPY/USD, we assume 110 JPY/USD). Forecasts for the automotive & industrials segment look conservative, as numbers embed the production delay risk on Tesla 3 for rechargeable battery business. Meanwhile, revenue growth guidance on...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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