Panasonic made a loss again

Panasonic has announced a net loss of ¥754.3bn (£4.8bn) for the year to March 31st 2013, nearly matching the previous year’s record loss of ¥772.2bn (£4.95bn). It said the electronics industry continued to be “severe”, with sluggish demand in flat-panel TVs, especially in Japan. For 2014, it predicted a net income of ¥50bn.