QUOTE AND NEWS
TechCrunch  Mar 23  Comment 
 If you’re an Android device owner and also a driver, you may already be familiar with Drivemode: It’s one of the most popular apps for use in cars on Google Play, with over one million app downloads and active users spread across 180...
The Hindu Business Line  Mar 17  Comment 
Japanese consumer electronics firm Panasonic is working to offer solutions to business enterprises in India to expand its presence in the country beyond offering consumer products. The company has id...
Clusterstock  Mar 14  Comment 
For many car owners, dealing with basic service is a time-consuming hassle. Make an appointment at the dealership, take time off, and either drop the vehicle off and be car-less for the whole day or pass hours at the service center watching game...
DailyFinance  Mar 10  Comment 
Filed under: Entertainment, Music, Music News After unleashing three new singles -- including the Remy Ma response track "No Frauds" co-starring her Young Money crew Drake and Lil Wayne -- Nicki Minaj put the Bronx MC on further notice. Read...
BBC News  Mar 10  Comment 
Panasonic says the function, which uses more water, was introduced due to customer demand
Clusterstock  Mar 9  Comment 
Paul Ryan on Thursday went to new lengths to defend the House Republican bill to replace Obamacare. Ryan rolled out a Panasonic television at the start of his weekly press conference and delivered a PowerPoint presentation identifying...
The Economic Times  Mar 7  Comment 
The company posted a net loss of Rs 43.21 crore in 2015-16 on a 24% increase in sales to Rs 4,918.63 crore, according to data sourced from company research platform Tofler.
The Economic Times  Mar 5  Comment 
The company witnessed lower washing machine sales in November and December due to demonetisation but Minocha said the situation has started to normalise from January.
Automotive World  Mar 2  Comment 
Andrew Poliak, VP Product Planning, Strategy and Innovation, Panasonic Automotive Systems America has been confirmed as a speaker at Connected Car Detroit. As VP Product Planning, Strategy and Innovation for Panasonic Automotive Systems America...
Automotive World  Feb 28  Comment 
Panasonic Corporation has named Tom Gebhardt, currently President of Peachtree City, GA-based Panasonic Automotive Systems Company, to succeed Joseph M. Taylor as Chairman and CEO of Panasonic Corporation of North America based in Newark, NJ. Mr....




 

Based in Osaka, Japan, Panasonic Corporation (formerly Matsushita Electric Industrial Co., Ltd.) is one of the world's leading manufacturers of electronic and electrical products, systems, and components for a wide range of consumer, business, and industrial uses. Panasonic emphasizes the use of sophisticated electronics, precision, and leading-edge technology to develop its products. Over the past seven decades, the company has grown from a small domestic household electrical equipment manufacturer into a comprehensive manufacturer with global operations. Sales and marketing are handled mainly through its sales subsidiaries and affiliates located in respective countries or regions in coordination with business domain companies. In some countries, sales are handled through independent agents or distributors, and certain products are sold on an original equipment manufacturer (OEM) basis and marketed under the brands of the third parties. The company also sells directly to large-scale consumers, such as the Government and corporations. The company has products that are also marketed worldwide under region-specific brands, such as "National", mainly for home appliances sold in Japan, and "Technics" for certain hi-fi products. Also, some of Panasonic's subsidiaries use their own brand names, such as "Quasar," "Victor," "JVC," and "PanaHome." In Japan, products are sold through several channels, each established according to the type of products or customers. On October 1, 2008, the company changed its named from Matsushita Electrical Industrial Co, Ltd to Panasonic Corporation to unify its corporate brands to the Panasonic' brand across the world.

Panasonic's business segments are organized into six categories Digital AVC Networks (46% of fiscal 2010 sales), Home Appliances (15.4%), PEW and PanaHome (22%), Components and Devices (13.5%), SANYO (5.5%), and Other (13.6%). AVC Networks products include video and audio equipment (TVs, VCRs, camcorders, digital still cameras [DSCs], DVD players and recorders, and other personal and home audio equipment) and information and communication equipment (personal computers [PCs], PC displays, CD-ROM, DVD-ROM, DVD-RAM, and other optical disk drives, hard disk drives [HDDs], copying machines and printers, facsimile equipment, cordless telephones, cellular phones, other mobile communications equipment, car audio, and navigation equipment). Effective April 1, 2007, the healthcare equipment business shifted to AVC Networks from Home Appliances. Home Appliances products include refrigerators, room air conditioners, washing machines, clothes dryers, vacuum cleaners, electric irons, microwave ovens, cooking appliances, dishwasher/dryers, and household equipment (e.g., kitchen fixture systems). PEW and PanaHome includes housing/building-related products, personal-care products, devices and plastic materials, healthy-life products, exterior and interior furnishing materials, bathroom units, molding compounds, laminates, relays, connectors, housings, etc. Components and Devices include semiconductors, general components, display devices, batteries, and electric motors. SANYO includes SANYO Electric Co., Ltd. (SANYO) and its subsidiaries, which manufacture and sell products in energy (solar cells and rechargeable batteries), ecology (commercial equipment, home appliances and car electronics), and electronics (electronic devices and digital system devices) to support the energy and ecology fields. The Other category includes factory automation equipment, industrial robots, welding machines, and other industrial equipment.[1] Geographically, Panasonic derives revenue from Japan (54% in fiscal 2010), North and South America (12%), Europe (11%), and Asia and others (23%).

Business Growth

Sales for fiscal year 2010 amounted to ¥7.4 trillion, a 4% decrease from the previous year, due to decline in sales in all business segments. In the Digital AVC Networks segment, favorable sales of flat-panel TVs and automotive electronics and Blu-ray Disc recorders were offset by decline of notebook PCs and mobile phones. In the home appliances segment, strong sales of refrigerators were offset by decrease in sales of air conditioners and compressors. In the PEW and PanaHome segment, lower sales in electrical construction materials and building materials, along with ongoing sluggishness in the Japanese housing market conditions led to sales decrease. In the Components and Devices segment, batteries and semiconductors decreased in sales.[2]

Key Trends and Forces

Dependency on the Japanese economy

With over half of its revenue deriving from Japan, Panasonic is highly dependent on Japan's economic condition. Weakness in the Japanese economy may adversely affect its operating results and financial condition, while a strong economy results in increased consumption and higher sales.

Research and development

The company must spend significant resources on research and development to keep up with rapidly advancing technology and shifting consumer demand. In 2010, Panasonic spent a total of ¥477 billion, or 6.4% of its total sales on R&D.[3]


Competition

Panasonic operates in a competitive market against large Japanese and overseas manufacturers, as well as smaller, specialized companies.



References

  1. [PC 2010 20-F Pg. 12]
  2. [PC 2010 20-F Pg. 33]
  3. [PC 2010 20-F Pg. 40]
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