Stock Analysis

Panasonic Holdings Full Year 2024 Earnings: In Line With Expectations

Simply Wall St

June 28, 2024

Panasonic Holdings (TSE:6752) Full Year 2024 Results

Key Financial Results

Revenue: JP¥8.50t (up 1.4% from FY 2023).
Net income: JP¥444.0b (up 67% from FY 2023).
Profit margin: 5.2% (up from 3.2% in FY 2023).
EPS: JP¥190 (up from JP¥114 in FY 2023).

revenue-and-expenses-breakdown — TSE:6752 Revenue and Expenses Breakdown June 28th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Panasonic Holdings Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

The primary driver behind last 12 months revenue was the Lifestyle segment contributing a total revenue of JP¥3.49t (41% of total revenue). Notably, cost of sales worth JP¥6.00t amounted to 71% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to JP¥2.00t (94% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of JP¥72.8b. Explore how 6752's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Consumer Durables industry in Japan.

Performance of the Japanese Consumer Durables industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Panasonic Holdings that you need to be mindful of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.