Business / Tech Aug 2, 2021
Four Japan firms to tie up in facial recognition for payment
Panasonic Corp., Resona Holdings Inc., JCB Co. and Dai Nippon Printing Co. aim to introduce a payment platform using facial recognition technology.
Business / Corporate Jul 29, 2021
Panasonic returns to black in April-June on appliance sales growth
The growth marked a turnaround from a net loss of ¥9.8 billion a year earlier, when the pandemic dampened sales in automobile, aircraft and housing businesses.
Business / Corporate Jul 16, 2021
Toyota-Panasonic battery venture slashes costs to take on China
by River Davis and Masatsugu Horie
Prime Planet currently holds the top share — around 25% — of the market for hybrid batteries, but lags far behind in higher capacity EV batteries.
Business / Corporate Jun 28, 2021
Panasonic sells its entire stake in Tesla to raise cash
by Masatsugu Horie and Pavel Alpeyev
The company held some $730 million of Tesla shares as of March last year, and that stake had been reduced to zero by the end of this March.
Business / Corporate Jun 24, 2021
New Panasonic CEO says efficiency to fuel Tesla business and spur growth
by River Davis and Yuki Furukawa
What’s now critical to Panasonic’s future growth is its relationship with the world’s biggest maker of electric cars and ability to claim a share of the global market for EV batteries.
Business / Corporate May 11, 2021
Panasonic expects EV battery business to push profits up in fiscal 2021
by Noriyuki Suzuki
The firm has forecast sales to increase 4.5% to ¥7 trillion, with net profit rising to 27.2% to ¥210 billion.
Business / Corporate Mar 14, 2021
2020 earnings upgrades triple downgrades as vaccines ease caution among Japanese firms
Some companies are steadily boosting earnings by taking advantage of demand sparked by the need to stay at home during the pandemic.
Business / Corporate Mar 10, 2021
Panasonic CEO leaves with cash lined up for car batteries
by River Davis and Yuki Furukawa
Panasonic is embarking on a corporate revamp that will usher in automotive business head Yuki Kusumi as CEO from April.
Business / Corporate Feb 22, 2021
12 Japanese firms will end business deals involving Uyghur forced labor
All, except Panasonic Corp., which declined to comment, either denied directly doing business with firms suspected of benefiting from forced labor or said they couldn't verify the claims.
Business / Corporate Feb 2, 2021
Panasonic lifts fiscal 2020 profit forecasts on strong demand
The figure, revised upward from the company's earlier estimate of ¥100 billion in net profit, would still mean a 33.5% drop from a year earlier.
Business / Corporate Jan 31, 2021
Electronics giant Panasonic Corp. has decided to scrap its unprofitable solar cell manufacturing operations amid ever-increasing price competition, it was learned Sunday. Solar cell production at the company's Malaysian plant and its unit in Unnan, Shimane Prefecture, will be terminated by the end of March ...