More on Panasonic (PC) FQ2: To write off ¥238B ($2.99B) in goodwill related to mobile phone,...

|About: Panasonic Corp. ADR (PCRFY)|By:, SA News Editor

More on Panasonic (PC) FQ2: To write off ¥238B ($2.99B) in goodwill related to mobile phone, solar panels and small lithium batteries operations. Now predicts FY net loss of ¥765B vs July guidance for a profit ¥50B, operating profit of ¥140B vs ¥260B prior. The writedowns come as new boss Kazuhiro Tsuga cleans house and prepares a turnaround plan.