 This presentation gives Panasonic’s consolidated
financial results for the first quarter of fiscal 2019 (FY19)
ended June 30, 2018.

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 This shows the summary of the financial results for thefirst quarter of FY19.
 Following the direction of last fiscal year, we saw
increases in both sales and profits continuing into the firstquarter of FY19.
 Overall sales significantly increased due to growth mainly
from Automotive and Energy, offsetting sluggish sales inAir-Conditioner and AVC.
 Overall operating profit and net profit attributable toPanasonic Corporation stockholders increased due tostable growth in Process Automation and Industrial, aswell as a one-off gain from the sale of land, despite theimpact of ramp-up expenses for the automotive battery
business and price hikes in raw materials.

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1 This table shows the consolidated financial results for thefirst quarter of FY19.
 Sales increased by 8% to 2,008.7 billion yen from the same
period last year.
 Operating profit increased by 16.1 billion yen to 100.0
billion yen, and net profit increased by 8.6 billion yen to57.4 billion yen.

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2 This graph gives our sales analysis by Businesses whosesales are disclosed.
 Sales in Air-Conditioner were down in regions such as
Asia, and sales in AVC also decreased.
 On the other hand, in Automotive, Automotive
Infotainment Systems business continued to growfavorably in step with the global increases in vehicle sales.
 In Energy, sales in automotive batteries significantlyincreased.
 In addition, sales in Process Automation increased alongwith robust demand for mounting machines and weldingequipment.
 In Industrial, sales increased with growing sales in
automotive- and industrial-use products.

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3 Next, let’s look at year-on-year changes in operating profit.
 Profit generated by sales expansion was 46.7 billion yen.
 Fixed costs increased by 23.0 billion yen due mainly toexpansion of our automotive battery business.
 Also, due to losses related to reduced market value andprice hikes for raw materials, profit decreased by 19.3 billion
yen.
 The effect of exchanges rates resulted in a decrease of 2.6
billion yen.
 Meanwhile, other income/loss improved by 14.3 billion yen
due mainly to gains from the sale of land.
 Overall operating profit increased by 16.1 billion yen to
100.0 billion yen.

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4 This shows our analysis of year-on-year changes inoperating profit by the Businesses whose sales aredisclosed.
 In Energy, profit decreased due to ramp-up expenses for theautomotive battery factory.
 In Air-Conditioner, profit decreased due mainly to loss
resulting from decreased sales.
 On the other hand, profits increased from businesses suchas Process Automation and Industrial, whose sales
continued to be favorable.

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5 Next, let’s look at the results by segment.
I will explain the details from the next slide.

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6First, the results for Appliances, based on consolidated production and sales.

Sales decreased by 1% from last year in real terms, excluding the effect ofexchange rates.

In China, sales increased due to favorable sales growth throughe-commerce; however, sales in Air-Conditioner were sluggish mainly in Asia.
AVC also saw a sales decrease, and overall sales remained at the samelevel as last year.

Overall operating profit decreased, since even increased profits from sales
expansion in China, the further shift to premium products for consumer
electronics, and rationalization efforts could not offset decreased sales in airconditioners, raw material price hikes, and the negative impact of exchangerates.

With regard to raw materials, since prices are becoming stable, the impact ofprice hikes is expected to shrink from the second quarter onward.

Despite the current severe circumstances, we will continue to make efforts toincrease profits from the second quarter onward through further sales
expansion mainly in China, where businesses continue to grow favorably, as
well as through enhancing rationalization and fixed-cost management.

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7 Next, let’s look at Eco Solutions.
 Sales increased by 6% from last year in real terms, excluding
the effect of exchange rates.
 In addition to the effect of the new consolidation of
Matsumura-Gumi Corporation, overall sales increased thanks
to sales expansion for overseas electrical construction
materials business in key markets such as India and China, as
well as stable results for the ready-built housing business ofPanasonic Homes.
 Operating profit decreased due to upfront expenses for
Panasonic Homes as well as for expansion of the overseas
electrical construction materials business.

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8 Next, let’s look at Connected Solutions.
 Sales increased by 11% from last year in real terms, excluding
the effect of exchange rates.
 In Process Automation, sales increased significantly due tofavorable sales in mounting machines and welding equipment
for the automotive industry.
 In Mobile Solutions, sales increased due to continuous stable
growth in PCs for North America, Europe, and domesticmarkets.
 Furthermore, sales in PSSJ increased with sales growth fromPCs and sales expansion for retail and logistics industries.
 Overall operating profit increased due to sales growth inProcess Automation, Mobile Solutions, and PSSJ, as well as
the improved product mix in Media Entertainment.

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9 Finally, let’s look at Automotive & Industrial Systems.
 Sales increased by 11% from last year in real terms, excluding
the effect of exchange rates; this was driven by Automotive
Infotainment Systems and the automotive battery business.
 Overall operating profit decreased due mainly to ramp-up
expenses for the automotive battery factory in North America,but there were improvements in profitability through sales
expansion and rationalization efforts in Industrial.

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10 In Automotive, overall sales increased due to growth mainly frominfotainment systems whose sales continue to grow forJapanese, U.S, and European car manufacturers, ADAS-related
products and electrification-related equipment such as charging
systems. Overall operating profit was increased by sales
expansion, despite increased fixed costs such as those in R&D.
 In Energy, overall sales increased with significant growth inautomotive batteries, for both cylindrical and prismatic types, aswell as expanded sales of power storage systems.
However, operating profit decreased due to factors such as theincrease in ramp-up expenses.
 Sales in Industrial increased due to stable growth in automotiveand industrial-use devices.
Operating profit also increased due to the positive impact ofsales expansion, improved profitability, and one-off profits.

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11 This is the explanation of the results for the first quarter offiscal 2019.
 In the first quarter, consumer electronics sales faced asevere situation, in addition to increased upfront expenses
for the automotive batteries.
 From the second quarter onward, sales in the automotive
battery business will continue to grow and are expected tocontribute to increased profit in the second half of this fiscal
year. Meanwhile, we will further enhance our rationalization
efforts and fixed-cost management.
 Panasonic will continue to strive toward achieving its FY19
financial forecast through comprehensive Company-wideefforts.
 Thank you very much for your continuous support andunderstanding.

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