Panasonic Posts Loss of Nearly $9 Billion

Published on October 31, 2012
by Juro Osawa and Kana Inagaki

In one of the biggest quarterly losses ever for a Japanese company, Panasonic Corp. reported a net loss approaching $9 billion for the three months through September due mainly to massive restructuring costs.

For the full year through March, the Japanese maker of Viera television sets and various other home appliances now expects to post — for the second straight year — an annual net loss close to $10 billion.

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