29 Apr '16, 12pm

Panasonic is the 2nd Japanese #solar producer to report weakness in the domestic market. @pvmagazine:

Yesterday Panasonic released its financial results for Fiscal Year (FY) 2016, reporting a 3% fall in sales in its Eco Solutions business to ¥1.61 trillion (US$14.8 billion). Additionally, the division’s profit has fallen 18% to ¥78.4 billion, representing a slim 5% margin. Panasonic’s FY 2016 ended March 31. Panasonic says that this decline was mainly due to “sales decrease in solar photovoltaic systems for house-use in Japan”. In February Japanese news agency Kyodo reported that the company was shuttering a 270 MW PV cell factory in Japan , due to flagging demand. Panasonic makes high-efficiency PV modules for the residential and small commercial market, using a heterojunction design. The company is not alone in reporting weakness in the Japanese market, and earlier this week Kyocera reported a fall in revenues in its division which makes solar PV modules . Kyocera also c...

Full article: http://www.pv-magazine.com/news/details/beitrag/panasonic...

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