Panasonic Posts 2nd-Quarter Loss
5 images
![October 31, 2011, Tokyo, Japan - President Fumio Otsubo of Japans Panasonic Corporation announces an outline of the new group organizational structure to be implemented in January 2012 during a news conference at its head office in Tokyo on Monday, October 31, 2011..The electronics giant posted a fiscal second-quarter loss due to restructuring costs in its unprofitable television and semiconductor business. The company forecast a net loss of 420 billion yen ($5.54 billion) for the fiscal year ending March 2012 and revenue of 8.3 trillion yen. Panasonic is scrambling to turn around its television business amid fierce cost competition and pressure from the strong yen. The company said it would stop production at two of its Japanese TV panel factories - one making plasma display panels and the other LCD panels - this fiscal year. (Photo by AFLO) [3609]](http://cdn.c.photoshelter.com/img-get/I0000wk6c_5EcMGo/t/124/I0000wk6c_5EcMGo.jpg)
![October 31, 2011, Tokyo, Japan - President Fumio Otsubo of Japans Panasonic Corporation announces an outline of the new group organizational structure to be implemented in January 2012 during a news conference at its head office in Tokyo on Monday, October 31, 2011..The electronics giant posted a fiscal second-quarter loss due to restructuring costs in its unprofitable television and semiconductor business. The company forecast a net loss of 420 billion yen ($5.54 billion) for the fiscal year ending March 2012 and revenue of 8.3 trillion yen. Panasonic is scrambling to turn around its television business amid fierce cost competition and pressure from the strong yen. The company said it would stop production at two of its Japanese TV panel factories - one making plasma display panels and the other LCD panels - this fiscal year. (Photo by AFLO) [3609]](http://cdn.c.photoshelter.com/img-get/I0000ROGuvDEIFrc/t/124/I0000ROGuvDEIFrc.jpg)
![October 31, 2011, Tokyo, Japan - President Fumio Otsubo of Japans Panasonic Corporation announces an outline of the new group organizational structure to be implemented in January 2012 during a news conference at its head office in Tokyo on Monday, October 31, 2011..The electronics giant posted a fiscal second-quarter loss due to restructuring costs in its unprofitable television and semiconductor business. The company forecast a net loss of 420 billion yen ($5.54 billion) for the fiscal year ending March 2012 and revenue of 8.3 trillion yen. Panasonic is scrambling to turn around its television business amid fierce cost competition and pressure from the strong yen. The company said it would stop production at two of its Japanese TV panel factories - one making plasma display panels and the other LCD panels - this fiscal year. (Photo by AFLO) [3609]](http://cdn.c.photoshelter.com/img-get/I0000DAh2SXqpAn8/t/124/I0000DAh2SXqpAn8.jpg)
![October 31, 2011, Tokyo, Japan - President Fumio Otsubo of Japans Panasonic Corporation announces an outline of the new group organizational structure to be implemented in January 2012 during a news conference at its head office in Tokyo on Monday, October 31, 2011..The electronics giant posted a fiscal second-quarter loss due to restructuring costs in its unprofitable television and semiconductor business. The company forecast a net loss of 420 billion yen ($5.54 billion) for the fiscal year ending March 2012 and revenue of 8.3 trillion yen. Panasonic is scrambling to turn around its television business amid fierce cost competition and pressure from the strong yen. The company said it would stop production at two of its Japanese TV panel factories - one making plasma display panels and the other LCD panels - this fiscal year. (Photo by AFLO) [3609]](http://cdn.c.photoshelter.com/img-get/I00000mTktGh2BmA/t/124/I00000mTktGh2BmA.jpg)
![October 31, 2011, Tokyo, Japan - President Fumio Otsubo of Japans Panasonic Corporation announces an outline of the new group organizational structure to be implemented in January 2012 during a news conference at its head office in Tokyo on Monday, October 31, 2011..The electronics giant posted a fiscal second-quarter loss due to restructuring costs in its unprofitable television and semiconductor business. The company forecast a net loss of 420 billion yen ($5.54 billion) for the fiscal year ending March 2012 and revenue of 8.3 trillion yen. Panasonic is scrambling to turn around its television business amid fierce cost competition and pressure from the strong yen. The company said it would stop production at two of its Japanese TV panel factories - one making plasma display panels and the other LCD panels - this fiscal year. (Photo by AFLO) [3609]](http://cdn.c.photoshelter.com/img-get/I00006w_K88VDuZc/t/124/I00006w_K88VDuZc.jpg)
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