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Panasonic Holdings said on Monday it plans to start mass ​production of battery cells for ‌data centre applications at a plant in the U.S. state of Kansas in ​the financial year 2028, which ​ends March 2029.

I maintain a "Buy" rating for Panasonic Holdings, even though both its FY2026 headline EBIT and EPS were down substantially and below consensus estimates. The firm's adjusted operating income growth in FY26 would have been positive, excluding non-recurrent items and the deconsolidated auto business. Its financial outlook is favorable, with the FY27 guidance implying a 28% increase in normalized operating profit.

Japan's Panasonic Holdings said on ​Tuesday it expected full-year ‌profit at its energy unit, which supplies batteries ​to Tesla , to ​more than double, recovering after ⁠posting a quarterly ​loss.