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- Created as a brand name owned by Matsushita Electric Industrial Co., Ltd.
- Stock symbol: MC (NYSE)
- Annual revenue (2007): 8.1 trillion yen
- Founder: Konosuke Matsushita
- Year established: 1955
- Industry: Electronics manufacturing and marketing
- Phone: 81-6-6908-1121
- Fax: 81-6-6908-2351
- HQ: Osaka, Japan
- President: Fumio Ohtsubo
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Panasonic is a brand name created by the Matsushita Electric Industrial Co., Ltd., and is the brand name under which Matsushita manufactures and markets consumer electronics, including plasma and LCD TVs, cameras, DVD players and records, among many other items. It is the second largest electronics manufacturer in Japan, next to Hitachi.
On February 4, 2009, Panasonic announced plans to cut 15,000 jobs and shutter 27 factories worldwide by March of 2010, as part of a restructuring effort in the wake of the global recession. The company also forecast a net loss of $4.3 billion annual loss for the fiscal year ending March 31, 2009.CBS News: Panasonic To Slash 15,000 Global Jobs (February 4, 2009) Bloomberg.com: Panasonic to Eliminate 15,000 Jobs, Forecasts Loss (February 4, 2009)
Key Dates
- 1918: Matsushita Electric Industrial Co., Ltd. is founded to produce electrical components
- 1955: Matsushita creates the Panasonic brand for marketing electronics on North America
- 1986: Begins using Panasonic brand name in Japan
- January 10, 2008: Parent corporation Matsushita announced that it plans to change name to Panasonic Corporation
- October 1, 2008: Name change takes effect
- January 2009: Introduced the first portable Blu-Ray player during the 2009 Consumer Electronics Show in Las VegasABC News: Sneak Peek at Some of the Best Gadgets at CES (January 7, 2009)
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Panasonic Questions
Panasonic camcorder 16:9 problem 2 AnswersI've recently run into a related issue with some footage I captured in anamorphic mode on my Cannon. Assuming your Panasonic DV camcorder is not HD, which is a ... read more
need a deal for panasonic FZ28 1 AnswerIf you're looking for the Panasonic Lumix DMC-FZ28K, you can grab it for the very reasonable price of $249.00 from Zoomania. http://www.zoommania.com/descript.a... read more
What are these ugly white lines at the top of my tv picture and is there a way to fix them? 4 Answersdo you have a picture? Also have you recently connected a digital converter or cable/satellite box too it? its dificult to even imagine the problem without seei... read more
Is Panasonic equal in quality to brands like Samsung and Pioneer? 4 AnswersScott Wilkinson (editor at Ultimate AV Mag) - http://www.ultimateavmag.com/scottwilkinson/ has been saying for years that the if a company starts with a P it i... read more
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Panasonic News
- Official Site: Panasonic News & Events
- Bloomberg.com: Panasonic to Eliminate 15,000 Jobs, Forecasts Loss (February 4, 2009)
- The New York Times: Panasonic to Cut 15,000 Jobs (February 4, 2009)
- Panasonic.com: Panasonic Introduces World's First Portable Blu-Ray Player (January 7, 2009)
- CNET: Panasonic makes your Blu-ray Discs portable (January 8, 2009)
- CNNMoney.com: Panasonic Introduces AeroBlast(TM) and AeroSpin(TM) Line... (2007)
- Yahoo! Finance: Panasonic Raises the Bar for Reliable Mobile Computing (2007)
- Forbes.com: Matsushita Electric unit raided by Japan's fair trade watchdog (2007)
- Google News Search: Panasonic
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