FILE PHOTO: A man is seen next to Panasonic Corp's logo at Panasonic Center in Tokyo, Japan, February 2, 2017. REUTERS/Kim Kyung-Hoon
TOKYO (Reuters) -Japan's Panasonic Corp raised its full-year operating profit outlook by 12% on Thursday, helped by a share valuation gain and demand for automotive batteries and factory automation equipment.
Panasonic raised its profit forecast for the year to March 31 to 370 billion yen ($3.25 billion) from 330 billion yen. The prediction is higher than a mean 368.1 billion yen profit based on forecasts from 20 analysts, Refinitiv data shows.
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