Panasonic reported its Energy segment sales, which includes HIT PV modules of 142.3 billion yen for its FYQ3 2013.
Energy segment sales in FYQ2 were 292.5 billion yen. Weak PV module sales in Europe were partly the reason for the sales decline, according to the company.
Panasonic reported Energy segment sales for the first nine-months of 434.8 billion yen, down 6% from 461.8 billion yen in the same period a year ago.
The company said that fixed cost reductions and streamlining material costs improved segment profitability 6.4 billion yen compared with a loss of 16.7 billion yen a year ago.
Panasonic’s overall forecast for fiscal 2013 remains unchanged from the previously revised forecast announced at the end of November, 2012.