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Panasonic Corp (6752.T)

6752.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Panasonic to set up co overseeing Chinese home appliances operations - Nikkei
Monday, 27 Feb 2017 01:41pm EST 

Nikkei : Panasonic will set up in Zhejiang province a company overseeing its Chinese home appliances operations - Nikkei . Panasonic aims to raise its chinese sales of home appliances 50% from fiscal 2015 levels to 13.3 billion yuan ($1.93 billion) for fiscal 2018 - Nikkei .The company Panasonic AP China, to be launched on April 1, will be run by Liang Wu, chief of Panasonic Home Appliances (Hangzhou) - Nikkei.  Full Article

Wowow to buy IMAGICA TV and Actvila Corp
Friday, 24 Feb 2017 01:28am EST 

Wowow Inc <4839.T>: Says the co plans to fully buy IMAGICA TV from Imagica Robot Holdings Inc<6879.T> for 2.71 billion yen on April 3 . Says the co plans to raise 75.7 percent stake in Actvila Corp up from 0 percent, for 795 million yen, on March 31 .Says Actvila Corp is 56.4 percent owned by Panasonic Corp <6752.T>.  Full Article

Panasonic to increase air conditioner output in Asia - Nikkei
Wednesday, 8 Feb 2017 04:42pm EST 

Nikkei: Panasonic has started manufacturing air conditioners in Thailand and will build more in Malaysia; new line can turn out 500,000 units annually - Nikkei . Panasonic seeks to maintain double-digit annual growth in its Asian appliance business until 2020 - Nikkei .Panasonic's air conditioner production base in Malaysia will see annual capacity rise by 1 million units to 3.5 million by March - Nikkei.  Full Article

Panasonic Corp of North America names Hideo Nakano as CEO of Panasonic Avionics
Thursday, 2 Feb 2017 02:30am EST 

Panasonic Corp <6752.T> : Panasonic Corporation of North America announces management change at panasonic avionics .Panasonic corp of north america says Hideo Nakano will serve as CEO of Panasonic Avionics, succeeding Paul Margis, who has left company.  Full Article

Panasonic to partner with United Microelectronics to develop and produce power-saving memory- Nikkei
Tuesday, 31 Jan 2017 02:52pm EST 

Nikkei: Panasonic to partner with Taiwanese chip foundry United Microelectronics Corp to develop and mass-produce an advanced power-saving memory .Plans to ship samples in 2018 and begin mass production in 2019; looks to achieve yearly sales of 5 billion yen for the power-saving memory.  Full Article

Panasonic Corp to stop making vacuum cleaners in North America- Nikkei
Thursday, 26 Jan 2017 01:40pm EST 

Nikkei: Panasonic Corp to stop making vacuum cleaners in North America, shedding 70 or so American jobs- Nikkei . Panasonic Corp will switch to consignment production and exports from Malaysia- Nikkei .Panasonic corp will also be creating 7,900 or so U.S. jobs in the coming years - Nikkei.  Full Article

Panasonic acquires 50.95 pct stake in Zetes Industries
Thursday, 22 Dec 2016 08:45am EST 

Zetes Industries SA : Panasonic acquires an initial 50.95 percent stake in Zetes Industries . The purchase price per share payable by Panasonic for the Zetes shares is 54.50 euros($56.92), representing a premium of 19.1 pct to the 30-day average share price . The price will be payable by Panasonic in cash and takes into account the amount of the interim dividend of 0.80 euros paid on December 21, 2016 . The completion of the acquisition by Panasonic is still subject to merger control approval .The transaction is currently anticipated to close at the beginning of Zetes' second quarter of 2017.  Full Article

Panasonic announces reorganization of its overseas and domestic shareholding structure
Thursday, 22 Dec 2016 03:00am EST 

Panasonic Corp <6752.T>: Says the board decided to reorganize overseas and domestic shareholding structure of Panasonic Group .Says in accordance with the reorganization, Panasonic Corporation of North America, which is a consolidated subsidiary of Panasonic in the U.S., will change from a subsidiary to a sub-subsidiary of Panasonic.  Full Article

Panasonic enters into agreement to fully acquire Panasonic Industrial Devices SUNX via stock exchange
Tuesday, 20 Dec 2016 02:45am EST 

Panasonic Corp <6752.T> : Says Panasonic enters into agreement to fully acquire Panasonic Industrial Devices SUNX Co Ltd <6860.T> (SUNX) via stock exchange, effective on March 27, 2017 . One share of SUNX's stock will be exchanged with 0.68 shares of Panasonic's stock . About 11.5 million shares of Panasonic's stock will be exchanged .SUNX's stock will be delisted from Tokyo Stock Exchange on March 22, 2017.  Full Article

Panasonic to wholly own PanaHome via share exchange
Tuesday, 20 Dec 2016 02:45am EST 

Panasonic Corp <6752.T>: Says it to have executed a share exchange agreement to make Panahome Corp <1924.T> its wholly-owned subsidiary through share exchange on Aug. 1, 2017 . Says Panahome Corp to be delisted on July 27, 2017 .Says one share of Panahome can be exchanged for 0.8 share of Panasonic.  Full Article

More From Around the Web

BRIEF-Panasonic to set up co overseeing Chinese home appliances operations - Nikkei

* Panasonic will set up in Zhejiang province a company overseeing its Chinese home appliances operations - Nikkei