Japan's Panasonic Group announced on Friday that it plans to optimize its human resources, involving 10,000 employees, half in Japan and half overseas.

The action will be implemented mainly in the 2026 fiscal year ending March 2026, the company said.

The Panasonic Group's global workforce totals about 228,000 employees, and the ratio of this round of layoffs is about 4.4%.

The Panasonic Group also plans to boost profits by at least 150 billion yen year-on-year in fiscal 2026 through management reforms, initiatives that include overall operational concentration, cost optimization, and exiting loss-making businesses.

According to the financial results announced on the same day, Panasonic Group realized 8458.185 billion yen in net sales in fiscal year 2025, a slight decline of 0.5% year-on-year; operating profit of 426.49 billion yen, an increase of 18.2% year-on-year.

Notably, the energy division, which produces batteries for Tesla and other automakers, realized an operating profit of 120.2 billion yen in fiscal 2025 through the end of March, lower than its 124 billion yen estimate.

During the same period, Panasonic Group recorded a net profit attributable to Panasonic stockholders of 366.205 billion yen, down 17.5% from a year earlier.

Despite the missed profit, Panasonic forecasts that its energy division will see a 39% increase in profit in fiscal year 2026.

For the fiscal year ending March 31, 2026, Panasonic said it expects the division's operating profit to reach 167 billion yen.