Panasonic reports 29% drop in annual operating profit
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TOKYO (Reuters) - Japan's Panasonic Corp , a top supplier of battery cells to Tesla Inc , reported a 28.6% drop in annual operating profit and did not issue an earnings forecast for the current year due to uncertainty about the impact of the coronavirus.Panasonic joined a number of Japanese electronics companies that have refrained from providing forecasts, including Sony Corp and Canon Inc , as the virus outbreak hits electronics demand globally.Operating profit for the year ended in March..