Panasonic Corp. will start a business developing housing for the elderly next spring in China, featuring houses equipped with health care-related home appliances and nursing care devices, company sources said Wednesday. Panasonic will make the new housing business a pillar of its new operations in ...
Six major Japanese electronics makers see net profits plummet amid U.S.-China trade war
Six of seven major Japanese electronics makers suffered year-on-year drops in group net profits in April-September, according to earnings reports released Friday. Net profit slid 1.9 percent to ¥189.2 billion at Hitachi Ltd., 14.9 percent to ¥340 billion at Sony Corp., 11.2 percent to ¥100.9 ...
Panasonic sees 11% drop in April-September profit due to China-U.S. trade war
Panasonic Corp.'s group net profit in the fiscal first half declined 11.2 percent from a year earlier, as sluggish sales in China — amid its prolonged trade war with the United States — overshadowed a boost in domestic housing-related businesses. The electronics maker said Thursday ...
Japanese electronics firms eye expansion into self-driving and EV technologies
Electronics companies are trying to take advantage of their experience and knowledge to manufacture motors, inverters and sensors that will become indispensable to assemble autonomous and electric cars.
Former Google vice president Yoky Matsuoka joins Panasonic executive team
Panasonic Corp. said Thursday it had appointed Yoky Matsuoka, Google LLC's former vice president and an expert on software and robotics, as a fellow with the electronics maker's executive team, tasking her to drive innovation. Matsuoka, 48, "brings world-leading technical expertise and consumer product development ...
Panasonic's April-June operating profit sags 43 percent on lower China sales
Panasonic Corp. said Wednesday its group operating profit fell 43.6 percent from a year earlier in the April to June quarter to ¥56.39 billion ($519 million), hit by weak sales of industrial components in China. Net profit fell 13.2 percent to ¥49.78 billion in the ...
Asahi and Panasonic develop new beer mug in bid to reduce plastic waste
Asahi Breweries Ltd. said Tuesday it has developed a beer mug made from plant-derived materials jointly with Panasonic Corp. in a bid to reduce waste from plastic mugs. Asahi, a unit of Asahi Group Holdings Ltd., expects the mug to be used at outdoor events. ...
U.S. and China harden their stands on Huawei as tech war intensifies
The United States and China hardened their stances over Huawei Thursday as Washington brushed aside claims of "bullying" and accused the Chinese tech giant of misrepresenting its ties to the Beijing government. The world's top two economies stepped up their rhetoric following President Donald Trump's ...
Panasonic expects net profit to fall 29.6% on sluggish China sales and auto battery investment
Panasonic Corp. said Thursday it expects its group net profit to fall 29.6 percent to ¥200 billion ($1.82 billion) for the current fiscal year, which ends next March, dragged down by sluggish sales in China and hefty investment in the auto battery segment. Group sales ...
Toyota and Panasonic to merge housing units and team up on 'smart town' business
The move by the leading carmaker and electronics manufacturer comes amid shrinking demand in the domestic housing market due to Japan’s declining population.
Elon Musk takes on Panasonic in rare public tweet battle with key Japanese supplier
Elon Musk has engaged in Twitter spats with a long line of folks, from rival automakers to short-sellers and the Securities and Exchange Commission. He's at it again, but this time the stakes could be even higher. He's in a rare public dispute with a ...
Elon Musk tweets another Tesla forecast in midst of talks with SEC
Elon Musk, already in hot water over his Twitter use, posted another Tesla Inc. production forecast reminiscent of the one that landed him before a federal judge earlier this month. Musk wrote Sunday that Tesla will make more than 500,000 cars in the next 12 ...
