Panasonic PCRFF

Public, OTCMKTS, reports in JPY. Founded 1918.
Theme: Electric cars. Matsushita.

2025-08-01 — Japanese Nokia

Financials millions, JPY

Period	Revenue	Growth %	Gross margin %	R&D %	Operating income	Operating margin %	Net income	EPS (diluted)	Rule of 40
2026	8,048.7bn JPY	0.0 %	31.4 %	–	210.0bn JPY	2.6 %	189.5bn JPY	81.17	2.6
2025	8,048.7bn JPY	–	27.6 %	–	406.5bn JPY	5.1 %	366.2bn JPY	190.15	–
2024	56.0bn USD	-11.2 %	29.4 %	–	2.4bn USD	4.4 %	2.9bn USD	–	-6.9
2023	63.1bn USD	4.0 %	–	–	–	–	–	–	–
2022	60.7bn USD	–	–	–	–	–	–	–	–

Sources

2026: yfinance
2025: https://news.panasonic.com/uploads/tmg_block_page_image/file/38977/en260512-10-1.pdf — Panasonic 8048.7 JPY MISSING - fill BW28 blank until BW28 filled Panasonic Holdings, Fiscal 2026 results, yr ended 31 Mar 2026, consolidated sales JPY8,048.7bn:
2024: 2025_10-K_Summary_2026-07-10.xlsx — sheet value USD-converted; re-enter in reporting currency for growth
2023: 2025_10-K_Summary_2026-07-10.xlsx — sheet value USD-converted; re-enter in reporting currency for growth
2022: 2025_10-K_Summary_2026-07-10.xlsx — sheet value USD-converted; re-enter in reporting currency for growth

Period	Cash from operations	Capex	Free cash flow	FCF margin %	CFO / net income %	NOPAT	Unlevered FCF	Levered FCF	Net change in cash
2026	–	–	–	–	–	166.8bn JPY	–	–	–
2025	796.1bn JPY	863.4bn JPY	-67.3bn JPY	-0.8 %	217.4 %	321.4bn JPY	-91.2bn JPY	-74.8bn JPY	-254.2bn JPY

NOPAT = op. income × (1 − effective tax rate); UFCF = NOPAT + D&A + ΔNWC − capex; LFCF = FCF + net debt issued.