Panasonic eyes return to growth track in FY 2017

Panasonic Corp. on Tuesday laid out its business strategy for fiscal 2017, seeking to return to a growth track by shoring up its home appliance and solutions businesses while pumping cash into high-potential automotive parts.The electronics maker expects operating profit in its solutions unit, which sells industrial machinery, broadcast equipment and in-flight entertainment systems, to rise 36.9 percent year-on-year to 69 billion yen ($620 million) in the business year ending next March, company officials said in a briefing to analysts in Tokyo.Panasonic expects operating profit in its cons…READ FULL ARTICLE