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Panasonic
(6752)
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Rating:61Neutral
Price Target:
¥4,540.00
▲(16.92% Upside)
Action:Reiterated
Date:08/21/26
The score is driven primarily by mixed financial performance (stable balance sheet but pressured profitability and inconsistent free-cash-flow conversion). Technicals are moderately supportive with the stock above long-term moving averages, and the latest earnings call adds a positive boost due to raised guidance and record Q1 profit. These are partially offset by expensive valuation (high P/E and low yield).
Positive Factors
Structural AI and data-center demand
Strong AI-related demand is expanding Panasonic’s industrial opportunity set beyond mature consumer electronics. The higher annual forecast and Q1 growth indicate improving relevance in data-center and infrastructure supply chains, supporting medium-term revenue and mix.
Negative Factors
Materially weakened profitability
Low and declining profitability reduces resilience when input costs, product mix or demand conditions deteriorate. It also limits internally generated returns on Panasonic’s substantial asset base, making sustained margin recovery necessary for durable earnings quality.
Read all positive and negative factors
Positive Factors
Negative Factors
Structural AI and data-center demand
Strong AI-related demand is expanding Panasonic’s industrial opportunity set beyond mature consumer electronics. The higher annual forecast and Q1 growth indicate improving relevance in data-center and infrastructure supply chains, supporting medium-term revenue and mix.
Read all positive factors
Panasonic (6752) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥10.05T
Dividend Yield0.93%
Average Volume (3M)9.07M
Price to Earnings (P/E)39.7
Beta (1Y)1.31
Revenue Growth-0.76%
EPS Growth-31.01%
CountryJP
Employees183,685
SectorTechnology
Sector Strength88
IndustryConsumer Electronics
Share Statistics
EPS (TTM)108.48
Shares Outstanding2,454,737,800
10 Day Avg. Volume11,181,160
30 Day Avg. Volume9,068,290
Financial Highlights & Ratios
PEG Ratio-0.66
Price to Book (P/B)1.16
Price to Sales (P/S)0.75
P/FCF Ratio4.52K
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥4,528.00Price Target Upside16.61% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)206.03
Revenue Forecast (FY)¥7.91T
Panasonic Business Overview & Revenue Model
Company Description
Panasonic Holdings Corporation, previously known as Panasonic Corporation, is a global entity that designs, manufactures, markets, and provides support for a broad spectrum of electrical and electronic products. Its business is organized into five...
How the Company Makes Money
Panasonic primarily makes money by selling products, components, and solutions to consumers and businesses across its operating segments, supplemented by service, maintenance, and solution-integration revenue where applicable. Key revenue streams ...
Panasonic Earnings Call Summary
Earnings Call Date:Jul 30, 2026
(Q1-2027)
| % Change Since: |
Next Earnings Date:Nov 02, 2026
Earnings Call Sentiment Positive
The call presents a decidedly positive operational picture: record-setting first-quarter operating profit, large year-on-year AOP gains, a 6% sales increase, strong AI- and data-center-related demand, and an upward full-year guidance revision. These positives are tempered by operational ramp-up issues (notably the Kansas factory), material cost headwinds, competitive capacity expansion by rivals, and a still-negative net cash position. Management has clear mitigation plans (capacity expansion, price revisions, production mix optimization) and expects stronger cash generation, indicating confidence in sustaining growth.Positive Updates
Record First-Quarter Operating Profit
Operating profit (OP) increased to JPY 182.5 billion, surpassing the previous first-quarter record set in 1985 and marking the highest first-quarter OP in 41 years.
Negative Updates
Kansas Factory Ramp-Up Challenges
In-vehicle battery supply fell short of Q1 targets due to operational/proficiency issues at the Kansas plant, causing a slight AOP decline in In-vehicle (higher fixed costs). Management plans to optimize production mix with Nevada and supply 46 GWh for the full year to meet initial guidance.
Read all updates
Q1-2027 Updates
Positive
Negative
Record First-Quarter Operating Profit
Operating profit (OP) increased to JPY 182.5 billion, surpassing the previous first-quarter record set in 1985 and marking the highest first-quarter OP in 41 years.
Read all positive updates
Company Guidance
Panasonic confirmed an upgraded FY2027 outlook after Q1 (ended June 30, 2026) results: consolidated Q1 sales JPY 2,018.9 billion (+6% YoY), AOP JPY 186.4 billion (+JPY 94.9b YoY), OP JPY 182.5 billion (+JPY 95.6b YoY; highest Q1 in 41 years), operating cash flow JPY 372 billion (including ~JPY 220b U.S. IRA direct‑pay), and net cash -JPY 558.3 billion. Management raised full‑year guidance by JPY 200b in sales, JPY 50b in AOP and JPY 40b in OP (OP now JPY 590b, up from JPY 550b), with net profit +JPY 30b; the AOP revision reflects +JPY 30b from higher sales, -JPY 66b raw‑materials/logistics, +JPY 59.6b price revisions/rationalization, +JPY 4.4b Blue Yonder, +JPY 12b FX and a reduced geopolitical/memory risk buffer cut from JPY 30b to JPY 20b. Key segment metrics: AI‑related Industry Q1 sales JPY 74.9b (1.4x YoY) and FY forecast raised by JPY 40b to JPY 310b; Energy ESS capacity ramp with Mexico module mass production from Q2 FY27 and a third plant in FY28; In‑vehicle battery supply target 46 GWh for the year; and restructuring benefits ~JPY 35b per quarter (≈JPY 100b FY).Panasonic Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
72
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.17T | 8.05T | 8.46T | 8.50T | 8.38T | 7.39T |
| Gross Profit | 2.59T | 2.53T | 2.63T | 2.50T | 2.26T | 2.08T |
| EBITDA | 789.52B | 709.45B | 812.26B | 651.39B | 556.77B | 544.43B |
| Net Income | 253.25B | 189.54B | 366.20B | 443.99B | 265.50B | 255.33B |
Balance Sheet | ||||||
| Total Assets | 10.43T | 10.17T | 9.34T | 9.41T | 8.06T | 8.02T |
| Cash, Cash Equivalents and Short-Term Investments | 903.07B | 770.18B | 847.56B | 1.12T | 819.50B | 1.21T |
| Total Debt | 1.55T | 1.60T | 1.79T | 1.84T | 1.64T | 2.10T |
| Total Liabilities | 4.85T | 4.79T | 4.47T | 4.69T | 4.27T | 4.68T |
| Stockholders Equity | 5.41T | 5.21T | 4.69T | 4.54T | 3.62T | 3.16T |
Cash Flow | ||||||
| Free Cash Flow | 236.97B | 1.33B | 23.75B | 319.43B | 231.39B | 18.66B |
| Operating Cash Flow | 815.96B | 624.29B | 796.08B | 866.90B | 520.74B | 252.63B |
| Investing Cash Flow | -552.58B | -607.43B | -859.96B | -591.88B | -347.12B | -799.39B |
| Financing Cash Flow | -195.36B | -166.85B | -190.32B | -70.46B | -603.93B | 62.15B |
Panasonic Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥533.07B | 21.88 | 8.03% | 2.54% | 11.54% | 329.69% | |
70 Outperform | ¥148.98B | 10.19 | 12.43% | 1.57% | 0.75% | -19.03% | |
65 Neutral | ¥4.70T | 29.44 | 4.27% | 1.41% | 6.22% | 606.26% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | ¥10.05T | 39.67 | 3.86% | 1.03% | -0.76% | -31.01% | |
54 Neutral | ¥22.38T | -102.99 | -4.05% | 0.73% | 1.02% | -119.24% | |
52 Neutral | ¥413.84B | 17.86 | ― | ― | -11.67% | -63.93% |
* Technology Sector Average
JP:6752
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.