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Tag - panasonic

 
 

PANASONIC

Panasonic Holdings CEO Yuki Kusumi has been revamping the business to cut costs and take advantage of global growth areas.
BUSINESS / Companies
Jul 1, 2026
Panasonic targets further AI growth to build on record valuation
The Japanese electronics conglomerate is attracting renewed investor attention as a beneficiary of the artificial-intelligence boom.
Yuki Kusumi, president of Panasonic Holdings, in the city of Kadoma, Osaka Prefecture, in April 2025
BUSINESS / Companies / FOCUS
May 13, 2026
After cost cuts and reforms, Panasonic enters decisive stage in turnaround
Fiscal 2026 is shaping up to be a pivotal year for the major manufacturer as it seeks to break free from prolonged stagnation and place its recovery on firmer ground.
Hitachi Vice President Susumu Takimoto answers questions about the 2026 spring wage negotiations on Thursday in Tokyo's Chiyoda Ward.
BUSINESS / Companies
Feb 20, 2026
Wage talks begin in earnest at Japanese electronics-makers
Unions at Hitachi, Mitsubishi Electric and other large companies requested a pay scale increase of ?18,000 per month, bigger than last year¡¯s record-high demand.
Panasonic Holdings now projects an operating profit of ?290 billion, down from its previous estimate of ?320 billion, while net profit is forecast at ?240 billion, compared with ?260 billion previously.
BUSINESS / Companies
Feb 5, 2026
Panasonic cuts profit estimates on restructuring costs
The company¡¯s operating profit is now projected at ?290 billion, down from its previous estimate of ?320 billion.
Sony has effectively handed control of its TV business to China¡¯s TCL, allowing the Sony brand to live on screens made by others while the company concentrates on higher-value areas.
COMMENTARY / Japan
Feb 2, 2026
Sony switches off the TV and that¡¯s just fine
It is the end of an era as Japan¡¯s iconic electronics giant, Sony, cedes TV business to TCL.
As of Nov. 10, a total of 11,045 employees at publicly listed companies in Japan have been targeted for early retirement this year, the highest since 2021, according to Tokyo Shoko Research.
BUSINESS / Companies
Nov 14, 2025
Profitable firms cut jobs as activist investors and TSE seek stronger returns
A wave of voluntary and early retirement programs in Japan that overwhelmingly target employees age 50 and above is on track to hit a four-year high.
Yukihiro Kaneko, a Panasonic research officer, shows a perovskite panel, through which the background can been seen, during an interview in Tokyo.
51³Ô¹ÏÍø / FOCUS
Jul 20, 2025
Japan sees bright future for ultrathin and flexible solar panels
The government is offering generous incentives in order to reach Japan¡¯s target of having renewable energy cover up to 50% of electricity demand by 2040.
Megan Myungwon Lee, head of Panasonic's North American operations, says the company's newest battery plant in Kansas will reach full production this year.
BUSINESS / Companies
Jul 15, 2025
Panasonic aims for full output at Kansas battery plant this year
The new factory will ship battery cells to Tesla as well as several other EV makers, including Lucid and Hexagon Purus.
An employee welds lithium batteries in Verrieres-en-Anjou, western France, on June 10.
BUSINESS
Jun 23, 2025
Europe¡¯s lithium quest hampered by China and lack of cash
The bloc¡¯s broader energy security and climate goals could depend on securing a steady supply of the key mineral, used in batteries and other clean energy supply chains.
Panasonic may be poised to benefit from having factories in the U.S. as Tesla and others seek to reduce their reliance on Chinese battery-makers.
BUSINESS / Companies
May 14, 2025
Panasonic CEO says battery plans align with slower EV demand
The supplier of lithium-ion batteries to Tesla is getting ready to start production at a second U.S.-based factory in Kansas, but has frozen plans for a third plant.
Panasonic is targeting 10,000 job cuts worldwide as part of efforts to boost profitability.
BUSINESS / Companies
May 9, 2025
Panasonic targets 10,000 job cuts worldwide
The cuts will focus on positions at consolidated companies ¡ª 5,000 in Japan and 5,000 overseas.
According to a tally released on Thursday, some 1,416 labor unions under the umbrella of the Japan Council of Metalworkers¡¯ Union requested a monthly base salary gain of ?14,149 ($94.84) on average in talks expected to culminate with a deal next month.
BUSINESS / Companies
Feb 27, 2025
Japan¡¯s metalworker unions demand record pay hike
The demand by Japan Council of Metalworkers¡¯ Union is an early sign of continued momentum for pay growth in the country.
Panasonic will restructure low-growth businesses and make changes to its employment structure, according to a recently released statement.
BUSINESS / Companies
Feb 5, 2025
Panasonic shares jump most in 11 years on restructuring plans
The Osaka-based company will restructure low-growth businesses and make changes to its employment structure.
Panasonic, whose sprawling operations include hairdryers, PCs and lithium-ion batteries used by the likes of Tesla, will restructure or streamline businesses with low growth potential, according to a statement released on Tuesday.
BUSINESS / Companies
Feb 4, 2025
Tesla supplier Panasonic to cut costs to support shift into AI
One target may be the company¡¯s long-standing TV operations.
A Panasonic Energy factory in the city of Kinokawa, Wakayama prefecture
BUSINESS / Companies
Jan 7, 2025
Panasonic Energy says cutting China supply for U.S. business a ¡®No.1 objective¡¯
Incoming U.S. President Donald Trump¡¯s pledge to raise tariffs on imported Chinese goods has forced companies around the world to reassess their manufacturing processes.
A Mitsubishi Electric Lighting LED product, which shortens installation time, in the city of Kamakura, Kanagawa Prefecture, November
51³Ô¹ÏÍø
Jan 7, 2025
Shift from fluorescent lamps to LEDs to accelerate in Japan
Manufacturers and industry groups are calling for the early replacement of fluorescent lamps with LEDs in offices and stores ahead of a 2027 ban.
A variety of rice cookers at a home appliance store
51³Ô¹ÏÍø / Regional Voices: Tohoku
Dec 16, 2024
Companies rush to high-end rice cookers as consumer tastes change
Appliance-makers are working with rice growers to boost demand, as well as debuting products that focus on flavor and features.
Major electronics firms plan to pay new graduate hires starting salaries that vary depending on skills and experiences.
BUSINESS / Companies
Dec 5, 2024
Japanese electronics firms rethink uniform starting salaries
Panasonic Connect plans to pay an additional 10% to 20% on top of this year¡¯s starting salaries to spring 2025 recruits with past startup experiences or tech skills.
Panasonic CEO Masahiro Shinada (far right) and others cut the ribbon at the unveiling of a facility to be run solely on renewable energy in Cardiff, Wales, on Tuesday.
BUSINESS
Dec 4, 2024
Panasonic plant in U.K. to go fully renewable
The firm has installed a system to generate power using green hydrogen, produced without causing carbon dioxide emissions.
A statue of Konosuke Matsushita in the grounds of the Konosuke Matsushita Museum in Kadoma, Osaka Prefecture
BUSINESS / Companies
Nov 28, 2024
¡®God of management¡¯ comes back to life as an AI model
Panasonic icon Konosuke Matsushita is one of the most respected by the Japanese business community.

Longform

For many people, utility poles and power lines have become such a familiar part of Japan¡¯s landscape that they often go unnoticed.
Why Japan¡¯s utility poles won¡¯t be disappearing anytime soon

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