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Panasonic faces crucial 99th year

Auto-related business focus of electronics giant's growth strategy

Panasonic President Kazuhiro Tsuga announces business results for fiscal 2016 at a press conference in Tokyo on May 11.

TOKYO -- As it moves towards its centenary, Panasonic faces a make-or-break 12 months. The company will accelerate its growth strategy, centered on automobile-related operations, President Kazuhiro Tsuga said Thursday.

Panasonic is expecting an increase in both sales and profit in the year March 2018, Tsuga said as he announced the electronics maker's business results for fiscal 2016 at a press conference in Tokyo.

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