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 ...
Late February was a productive time for startups, with two important events taking place in Japan: Slush Tokyo 2019, a major nonprofit conference, and Tohoku Growth Accelerator Demo Day in Sendai, Miyagi Prefecture, a smaller conference that also offers advice to fledgling startups. Here ...
Japan to put robotics prowess on show during 2020 Olympics by helping staff and visitors alike
Acting on its aim to make the 2020 Tokyo Olympics and Paralympics "the most innovative in history," organizers on Friday unveiled robots that will be deployed to assist spectators and staff during the games. The robots shown to reporters are to be used as part ...
A wearable "third arm" for construction workers is among the latest innovations under development in Panasonic Corp.'s burgeoning collaboration with academia to make robots an increasing part of people's lives in aging Japan. Panasonic already has expertise in using robots in manufacturing but has reached ...
Panasonic Corp. said Thursday that it will release its first high-end mirrorless cameras, equipped with a large image sensor, on March 23. The high-end mirrorless camera market in Japan had been dominated by Sony Corp., which launched such products in 2013 ahead of its rivals, ...
Panasonic cuts fiscal 2018 sales and operating profit outlooks amid China-U.S. trade war
Panasonic Corp. said Monday it reported a 19 percent drop in third-quarter operating profit and cut its full-year earnings outlook, citing slower demand for home appliances and factory automation equipment in China amid an escalating Sino-U.S. trade war. The electronics company posted an operating profit ...
