KUALA LUMPUR (April 8): Panasonic Manufacturing Malaysia Bhd (KL:PANAMY) said the gas supply disruption affecting its Shah Alam plants caused by the Putra Heights gas pipeline explosion is expected to result in a 3% loss in annual revenue.

The projected loss is based on the financial year ended March 31, 2024 (FY2024) results, said the home appliance maker in the filing to Bursa Malaysia. 

Panasonic logged an annual revenue of RM905.69 million for FY2024, down 8.7% from RM991.62 million the year before. The group posted a net profit of RM92.65 million in FY2024. 

Back-of-the-envelope calculations showed the estimated topline loss comes to RM27.2 million.

For the nine-month period ended Dec 31, 2025 (9MFY2025), its revenue came in lower at RM643.2 million against RM698.2 million a year ago. Net profit shrunk to RM37.38 million for 9MFY2025 from RM75 million previously. 

In the filing, Panasonic specified that its fan and electric iron production are impacted by the disruption, while other products — including vacuum cleaner, home shower and others — are unaffected.

“In response, Panasonic has activated its business continuity plan and implemented contingency measures to sustain critical operations for these products to ensure that the supply chain disruptions are minimal,” the company noted.  

“Having closed FY2025, the company expects only minimal impact on the group’s overall operations or financial performance in the new financial year (FY2026) from this disruption,” it added.

Panasonic managing director Takashi Sugihara said the group is proactively managing potential disruptions to its supply chain and customer deliveries.

“We have implemented robust measures to minimise operational impact and are exploring alternative sources of gas supply to ensure we continue fulfilling our commitments. We aim to recover the loss of revenue once operations are normalised,” he said.

Gas Malaysia Bhd (KL:GASMSIA) said the gas supply disruption affecting areas — including Shah Alam, Kundang, Petaling Jaya, Teluk Panglima Garang, Port Klang, Pulau Indah, Merbau, Tronoh, Perai, Junjung, and Hutan Melintang — are expected to continue until April 20.  

Shares in Panasonic dropped 10 sen to close at RM13.06, valuing the company at RM793.34 million.