Matsushita Electric Industrial Co. said Thursday that it registered a consolidated net profit of 9.4 billion yen in the April-June quarter, down 2 percent from a year earlier.
Profit per share came to 4.52 yen, down from 4.63 yen. On a pretax basis, Matsushita posted a group profit of 28.58 billion yen, down 13 percent.
Group operating profit surged 48 percent to 21.2 billion yen thanks to robust demand for electronics parts and cost-cutting efforts.