Overview

• The battery unit’s operating profit rose to 31.9 billion yen in Q1, driven by a surge in AI-related data-center energy storage demand.
• Robust storage orders helped offset headwinds from U.S. tariffs and the termination of a $7,500 electric vehicle tax credit.
• Management reiterated its full-year operating profit target of 167 billion yen for the fiscal year ending March 2026.
• Production began at the new Kansas battery facility, complementing its Nevada plant that supplies Tesla with EV cells.
• Panasonic Energy is accelerating research into advanced cell technologies to stay competitive with rivals such as CATL and LG Energy Solution.