June 24, 2024
FOR IMMEDIATE RELEASE

Panasonic Holdings Corporation
Corporate Finance, Accounting & IR Department(Tel: +81-6-6908-1121) (Japan)

Partial Correction in Consolidated Financial Forecastfor Fiscal Year ending March 31, 2025

Osaka, Japan, June 24, 2024 -- Panasonic Holdings Corporation ([TSE:6752] the“Company”) today announced a correction in part of its consolidated financial forecast for thefiscal year ending March 31, 2025 (fiscal 2025), which was released on May 9, 2024. The
details of correction are shown in the below charts, in which the figure subject to the correctionis underlined.
1. Reason for correction
After the release of the consolidated financial results for fiscal 2024, an incorrect figure
was found in the summary page of the forecast for basic earnings per share for the fiscal
2025. Therefore, the Company has made a correction in its amount.
2. Subject for correction"Summary" page
3. Consolidated Financial Forecast for Fiscal 2025 (April 1, 2024 - March 31, 2025)<Before correction>(% represents changes compared with the same period of the previous fiscal year)
Net profit attributable toProfit before
Panasonic Holdings
Basic earnings
Operating profit
income taxes
Corporationper sharestockholders

Net sales

Full YearYen (millions)%

Yen (millions)%

Yen (millions)%

Yen (millions)%Yen

8,600,000

1.2

380,000

5.3

430,000

1.1

310,000(30.2)

126.31<After correction>(% represents changes compared with the same period of the previous fiscal year)
Net profit attributable toProfit before
Panasonic Holdings
Basic earnings
Operating profit
income taxes
Corporationper sharestockholders

Net sales

Full YearYen (millions)%

Yen (millions)%

Yen (millions)%

Yen (millions)%Yen

8,600,000

1.2

380,000

5.3

430,000

1.1

310,000(30.2)

132.80- more --2-Disclaimer Regarding Forward-looking Statements
This press release includes forward-looking statements about Panasonic Holdings Corporation (the"Company") and its Group companies (the "Panasonic Group"). To the extent that statements in thispress release do not relate to historical or current facts, they constitute forward-looking statements.
These forward-looking statements are based on the current assumptions and beliefs of thePanasonic Group in light of the information currently available to it, and involve known and unknown
risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause thePanasonic Group's actual results, performance, achievements or financial position to be materiallydifferent from any future results, performance, achievements or financial position expressed orimplied by these forward-looking statements. The Company undertakes no obligation to publicly
update any forward-looking statements after the date of this press release. Investors are advised toconsult any further disclosures by the Company in its subsequent filings under the Financial
Instrument and Exchange Act of Japan (the "FIEA") and other publicly disclosed documents.
The risks, uncertainties and other factors referred to above include, but are not limited to, economic
conditions, particularly consumer spending and demands for corporate capital expenditures in the
major markets including, but not limited to, the Americas, Europe, Japan, China and other Asian
countries as well as changes of demands for a wide range of electronic products & parts from theindustrial world and consumers in various regional markets; excessive currency rate fluctuations ofthe U.S. dollar, the euro, the Chinese yuan and other currencies against the yen having an impact
on costs and prices of the Panasonic Group’s products & services as well as certain othertransactions that are denominated in these foreign currencies; increased costs of or limitations on
raising funds, because of changes in the fund raising environment including interest rate
fluctuations; current or future political or social trends in and outside Japan or changes in rules &regulations of international trade, commerce, R&Ds, production or sales having impact on thePanasonic Group or the business activities in its supply chain; introduction or enhancement of rules& regulations or abolition or reduction of tax benefit or subsidy related mainly to the environment
issues including the climate change as well as to responsible supply chain (in terms of humanrights, labor, health & safety global environmental conservation, information security, businessethics and others); increased costs resulting from a leakage of customers’ or confidential
information from IT systems of the Panasonic Group or its supply chain or business suspension
caused by unauthorized access, cyberattacks or any other form of malicious, actions on the ITsystems or from vulnerability of network-connected products; failure to secure or retain enoughworkforces to execute its business strategy; failure to retain its competitiveness in a wide range ofproducts & services or in major countries & regions; failure to produce expected results in allianceswith other companies or M&A (mergers & acquisitions) activities; failure to produce expected resultsin current or future business transformations of the Panasonic Group; occurrence or lengthening ofdisruptions in its supply chain or logistics for or price hikes in parts & materials; downward pricepressure or decrease in demands for the products at a level that can be offset with efforts by theCompany; failure to respond to future changes in the market needs with technological innovations or
to timely utilize new technologies such as AI (Artificial Intelligence); increased costs or losses
caused by occurrence of events such as compliance violations (including those related human rights
or labor issues) or serious health & safety accidents in workplaces; increased costs or losses
resulting from any defects or quality frauds in products or services of the Panasonic Group;
infringement by third parties of intellectual property owned by the Panasonic Group or restrictions on
the use of intellectual property owned by third parties; administrative/criminal penalties orcompensations/damages claims resulting from violations of laws and regulations; large-scale naturaldisasters, global pandemics of infectious diseases, terrorism or wars; fluctuations in market prices ofsecurities and other financial assets in which the Panasonic Group has holdings, excessive
fluctuations of valuation of non-financial assets, including property, plant and equipment, goodwill
and deferred tax assets, or changes or tightening of accounting policies or rules; The factors listed
above are not all-inclusive and further information is contained in the most recent English translated
version of the Company’s securities reports under the FIEA and any other documents which aredisclosed on its website.
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