Panasonic Corporation's fiscal year 2017 consolidated settlement summary

(Unit: billion yen)

(Note) 1. The company's consolidated settlement is based on International Financial Reporting Standards (IFRS).

2. The number of consolidated settlement companies (brothers and merged subsidiaries) was 592, and the number of companies applying the equity method was 88.

Point explanation about 2017 fiscal year merger settlement

1. In fiscal 2017, Panasonic achieved substantial gains in income (excluding exchange rate differences). In terms of sales revenue, we increased revenue in areas such as automotive, energy, and engineering automation. Profits from operations and net profits benefited from industrial businesses. Strong growth in the field, as well as other gains and losses, to achieve gains.

2. In 2018, it is expected that the increase in earnings will continue to be achieved. Among them, the energy and industrial sectors will become important tractions. In addition, we will target the net profit of JPY 250 billion proposed in 2016 to promote growth.

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