Panasonic - Asia Tech Wire

Panasonic

2025.02.13

18:58

Xu Niansha, Chairman of China Machinery Industry Federation, meets with Tetsuro Honma, Global Vice President of Panasonic Group

According to the China Machinery Industry Federation, on the morning of February 10, Xu Niansha, President of the China Machinery Industry Federation, was invited to visit Tetsuro Honma, Global Vice President of Panasonic Group and President of the Japan Chamber of Commerce in China. The two sides had in-depth discussions on topics such as Panasonic Group's business layout in China, future development plans, and the functions of the China Machinery Federation in serving the government, industry and society. Representatives of the Panasonic Group introduced its latest achievements and future plans in the field of intelligent manufacturing, as well as the active integration and application of technologies such as the Internet of Things and artificial intelligence. The China Machinery Federation expressed its willingness to strengthen cooperation with Panasonic in the fields of intelligent manufacturing and hoped that the two sides could work together to promote the transformation and upgrading of China's manufacturing industry and move towards high-quality development. In response to the questions and demands raised by the Panasonic Group, President Xu said that he would actively assist it in connecting with the competent authorities and relevant professional associations to seek solutions. The two sides also discussed strengthening exchanges and cooperation in the future.

2025.02.06

14:14

Panasonic says it has not made any decisions on problematic businesses, including TV business

Japan's Panasonic said it has not made any decisions on problematic businesses, including its TV business, for now.

11:10

Panasonic: Some reports of Panasonic's dissolution are misinterpretations

Panasonic Holdings held a briefing for mass media, institutional investors and analysts on the future group management reform. As a result, some reports about Panasonic's company name and brand use have been misleading. However, the content announced on February 4 is aimed at reorganizing the single legal entity "Panasonic Electric Co., Ltd." under Panasonic Holdings, which is responsible for providing home appliances, residential equipment, and products and services for stores and offices, and is not intended to dissolve the Panasonic Group.

11:03

Panasonic: No decision has been made on problematic businesses including TV business

Panasonic Electric issued a statement saying that on February 4, Panasonic Holdings Co., Ltd. held a briefing for mass media, institutional investors and analysts on future group management reforms. As a result, there have been some reports that Panasonic will sell or exit the TV business, which may cause misunderstanding. However, for problematic businesses including the TV business, we are considering all possibilities to achieve a fundamental change in the profit structure, and as of now, no decision has been made on matters such as sale or exit.

2025.02.05

15:47

Panasonic announces management reform

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.

14:32

Panasonic: So far, no decision has been made on selling or exiting the TV business.

According to 21 Finance, in response to the current market news that Panasonic will dissolve, restructure and sell its TV business, Panasonic said in response to reporters: Regarding problematic businesses including the TV business, in order to achieve a fundamental change in the profit structure, we are considering all possibilities for discussion. However, as of now, no decision has been made on related matters, including sales or exits. Regarding the company's business planning in the Chinese market after the adjustment, Panasonic said that at present, except for the content released by Panasonic Group CEO Yuki Kusami, all will be discussed in the future.

08:29

Panasonic Holdings shares rise 13% after releasing third-quarter earnings and restructuring plan

Panasonic Holdings shares rose 13% after releasing third-quarter earnings and restructuring plans.

2025.02.04

17:35

Panasonic Group CEO: U.S. electric vehicle market expected to grow modestly.

17:28

Panasonic Group CEO: We will only invest in the battery electric vehicle sector within the scope of demand from automakers.

2024.12.27

10:16

Japan's Panasonic falsified performance data of more than 600 air conditioners

Panasonic Corporation of Japan said on December 26 local time that the performance data of some of its commercial air conditioner products were falsified. The company said that the actual performance of 668 air conditioners sold from 2012 to 2024 did not reach the labeled values. According to reports, as of 2024, of the 2,305 air conditioners sold by the company, in addition to 668 units that have been confirmed to have data falsification problems, the remaining 1,637 units may also have similar problems. The investigation and confirmation work will last until April 2025 at the latest.

2024.12.20

08:06

Huatai Securities: Optimistic about the dividend logic of the coal sector under the expectation of interest rate cuts

Huatai Securities Research Report pointed out that it is optimistic about the dividend logic of the coal sector under the expectation of interest rate cuts. Although the average daily consumption of 25 provinces from December 1 to 17 increased by 13.6% compared with November, the average daily inventory still increased slightly by 0.2%. Under the loose supply and demand, coal prices may still face downward pressure in the short term, but it is expected that the total electricity consumption in the society will maintain a high growth rate of 6.1% in 2025, driving the growth of power coal demand by 2.1% and the growth of total coal demand by 1.1%. Coal demand may still be resilient. Under the condition that the central price of coal moves downward but is still expected to remain above the long-term contract price range, the leading thermal coal companies with high long-term contract ratios are still expected to maintain stable profits and high dividend ratios. Under the expectation of reserve requirement ratio and interest rate cuts, it is still optimistic to configure the coal sector based on the dividend spread logic.

2024.09.10

07:06

Panasonic to pull out as top sponsor after Paris Olympics

Asia Tech Wire (Sep 10) -- Japan's Panasonic Holdings said Tuesday it will terminate its top sponsorship deal for the Olympic and Paralympic Games after Paris 2024.

2024.09.09

09:23

Panasonic completes preparations for mass production of 4680 EV battery

Asia Tech Wire (Sep 9) -- The energy unit of Japan's Panasonic Holdings Corp. announced Monday that it has completed preparations for mass production of its 4680 EV battery.

2024.09.06

07:10

Subaru, Panasonic Energy to join forces to build battery plant

Asia Tech Wire (Sep 6) -- Japan's Subaru and Panasonic Energy will join forces to build a battery plant.

07:01

Panasonic Energy, Mazda to prepare for supply of automotive lithium-ion batteries

Asia Tech Wire (Sep 6) -- Japan's Panasonic Energy and Mazda Motor will work together to prepare for the supply of automotive lithium-ion batteries.

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