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TOKYO – Panasonic's quarterly acquire jumped 24 percent, unvoluntary by brawny income of flat-panel TVs, machine components and solar panels that equilibrize alteration from a brawny yen.

The Osaka-based concern of Viera plasma TVs and Lumix digital cameras on weekday reported 39.98 1000000000 yearning ($490 million) in acquire for the October-December quarter, up from 32.26 1000000000 yearning the assemblage before.

The solid results came despite the alteration from a brawny yen, nonindulgent price drops in gadgets and soaring touchable costs.

Quarterly income for the Asian electronics concern climbed 21 percent to 2.285 1E+12 yearning ($28 billion).

Panasonic had brawny income both in Nihon and abroad, helped by a sloping orbicular recovery, but also by scheme input outlay in several countries, including rebates for naif gadgets in Japan.

Panasonic also said it was substantially on its artefact to completing the acquisition of Asian rival Sanyo Electric Co. into a wholly owned subsidiary, ordered to be complete by April.

The consort said it hoped to acquire "synergy" from Sanyo, which makes solar panels and batteries for hybrids and another biology vehicles.

Panasonic is also in a joint venture with Toyota Motor Corp. to make batteries for organism vehicles like the favourite Prius.

Panasonic said income were brawny in Blu-ray disco recorders, expose conditioners, refrigerators and electronic components.

Also serving its lowermost distinction were outlay cuts and streamlining efforts, it said.

Panasonic cragfast to its prognosticate for net acquire of 85 1000000000 yearning ($1 billion) for the assemblage finished March 2011 — a blow from red ink the preceding year. It prognosticate income of 8.9 1E+12 yearning ($109 billion), up 20 percent.

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