Panasonic and Hitachi Net Loss on Quarter Report

Panasonic Inc

Crisis found his victims. As written on Reuters, Worldwide Magazine, Panasonic Inc booked $3.9 million net loss last year. The reason is very clear, low in demand parity power and high cost as high input and operation costs. Deeper, Panasonic suffered net loss first in six years due the highest value of YEN against US Dollar (It means, foreign trading-export and import is harming due the crisis). Panasonic will follow others Japanese worldwide companies (export base) in red ink companies, the most industries that are suffered by crisis. Internal staff said, next quarter report shall not be announced for some reasons.

Appreciation YEN against US Dollar in Exchange rate is main reason why most Japanese Industries are suffered in overseas demand. Although booked net loss, Panasonic is the Japanese healthier electronic industries based on the performance in recovery struggling such as cost-cutting abilities.

Hitachi Inc

It is easier to recover our business if we have less different products then larger. It takes too much time and cost. Hitachi. Inc one of the worst Japanese industries suffered by economic downturn has many businesses such as nuclear reactor to TV and rice cooker and it takes time to recover although we have financial.

Hitachi booked lowest loss since 28 years and worst loss then others Japanese industries, such as Sony, Panasonic and Toshiba. Reported net loss $8.7 million in current quarter made investors shocked, seen on stock market. Through negative business result, Hitachi took necessary recovery plans to avoid red ink label.

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