OSAKA -- Panasonic now expects group net profit of 150 billion yen ($1.43 billion) for the year ending in March, the company said Tuesday, as its battery supply business with U.S. electric-vehicle maker Tesla is expected to go into the black over a 12-month period for the first time.
The figure still represents a 34% slide for the year, but stands 50 billion yen higher than what was projected previously.
