Panasonic sees profit falling this year on slower emerging markets

Panasonic Corp forecast its profit to fall in the current business year amid slower growth in emerging markets as well as planned investments in automotive technologies and high-end consumer electronics. The company said it expects operating profit of 375 billion yen ($2.86 billion) in the year ending March, down from 416 billion yen in the previous year. It had flagged the weaker outlook last month, showing that even one of the strongest of Japan's consumer electronics companies is struggling t