Panasonic pulls plug on LCD TV panels in Japan

May 31, 2016

Panasonic pulls plug on LCD TV panels in Japan

Panasonic Corp. has decided to withdraw from TV panel production amid fierce competition from foreign rivals, in particular in China and South Korea, company sources said Tuesday. The Osaka-based company will end production at its sole liquid crystal display plant in the city of ...

Mar 31, 2016

Panasonic drops ¥10 trillion sales target in fiscal 2018

Panasonic Corp. on Thursday dropped its goal of achieving ¥10 trillion in sales in fiscal 2018 as the electronics-maker struggles to build momentum for sustainable growth after restructuring. After a review of its business strategy, Panasonic is now aiming at ¥8.8 trillion in the ...

Mar 2, 2016

Sony recalls over 58,000 battery packs in Vaio computers

Sony Corp. said Wednesday it is recalling more than 58,000 battery packs manufactured by Panasonic Corp. for use in Vaio notebook computers, as they could catch fire. Fujitsu Ltd. and Toshiba Corp. are also recalling Panasonic battery packs installed in their computers due to ...

Feb 26, 2016

Panasonic to cut 50 jobs at solar ingot plant in Oregon

Panasonic Corp. will cut 50 jobs in April at a factory that makes solar ingots in Oregon amid slowing demand for photovoltaic panels in Japan. The plant, which employs about 140 people, began reducing ingot production in January, a Panasonic spokeswoman said Friday. The ...

Feb 3, 2016

Panasonic cuts full-year earnings outlook amid China slowdown

Panasonic Corp. cut on Wednesday its full-year earnings forecasts, hit by the slowing of the Chinese economy and other emerging markets. For the year through March 31, Panasonic now expects an operating profit of ¥410 billion ($3.4 billion), compared with ¥430 billion projected earlier, ...