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Panasonic predicts sales, profit to rebound this year

Iconic consumer elctronics brand doing big business with automakers

Panasonic President Kazuhiro Tsuga attends a news conference in Tokyo on May 11.

TOKYO -- Panasonic on Thursday said it expects sales and profit to rebound in the 12 months through next March, crediting an automotive business that is performing well and a decline in restructuring expenses.

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