Aug 26, 2015

Panasonic to shut down battery factory in Beijing

Panasonic Corp. will close a lithium-ion battery factory in Beijing due to deteriorating profitability amid stiff competition with South Korean rivals, sources close to the matter said Wednesday. The major Japanese electronics-maker will end production later this month at the earliest and lay off ...

Jun 2, 2015

Panasonic to sell energy storage in Australia to tap solar surge

Panasonic Corp. will begin selling energy storage systems in Australia to take advantage of the proliferation of solar panels dotting the rooftops of homes in the sunburned country. Sales will begin in October after a feasibility study is conducted with Australian power companies such ...

Panasonic's group net profit rose 49% in fiscal 2014

Apr 28, 2015

Panasonic's group net profit rose 49% in fiscal 2014

Panasonic Corp. said Tuesday its group net profit rose 49 percent from a year earlier to ¥179.49 billion ($1.5 billion) in the fiscal that ended in March, as its robust in-car device business abroad dispelled negative effects from last April’s consumption tax hike in ...

Mar 24, 2015

Panasonic to open patents to speed development of 'Internet of Things'

Panasonic Corp. will make about 50 of its patents available for royalty-free use in the development of the “Internet of Things” — what the tech industry calls the network of interconnected devices — its North American subsidiary announced Monday. The Japanese electronics company said ...

Mar 12, 2015

Panasonic to sell Sanyo electronics unit to investment fund

Consumer electronics giant Panasonic Corp. said Wednesday it will sell Sanyo Techno Solutions Tottori Co., an electronics unit of new subsidiary Sanyo Electric Co., to an investment fund on March 31. A special purpose company owned by Tokyo-based J-Will Partners Co. will acquire the ...

Panasonic comeback seen in biggest bond sale since 2011

Mar 11, 2015

Panasonic comeback seen in biggest bond sale since 2011

Panasonic Corp. has completed the biggest bond sale to Japan’s institutional investors since 2011 after the electronics maker forecast its best profit in seven years. The ¥400 billion offering included 10-year notes with a yield of 0.934 percent, compared with the 0.57 percent average ...