Japan's Panasonic Group announced on Tuesday that it will carry out management reforms, with the goal of realizing an earnings improvement effect of more than 150 billion yen by fiscal 2026.

The company hopes to further realize earnings improvement effects of more than 150 billion yen by fiscal 2028, totaling more than 300 billion yen.

Panasonic said it aims to achieve a return on equity (ROE) of 10% or more and an adjusted operating profit margin of 10% or more by FY2028 through fixed-cost structure reforms, earnings improvement, and further business portfolio management.