Panasonic reported that it’s Eco Solutions segment that includes its PV module operations increased sales to around US$4.6 billion in the FY2014 third quarter, up around 10% from the same period a year ago.
The company said that all business elements within its Eco Solutions segment experienced a “demand surge” in the quarter, driven by consumer spending ahead of a planned increase in consumer tax in Japan at the beginning of April, 2014.
This article requires Premium SubscriptionBasic (FREE) Subscription
Already a subscriber? Sign In
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or get the full Premium subscription right away
Or continue reading this article for free
The Eco Solutions segment posted a profit of around US$316.1 million in the FYQ3.
Panasonic said that profits in the segment for the full-year would exceed previous guidance given in July 2013, due primarily to the domestic consumer demand surge.
