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Key Developments: Panasonic Corp (6752.T)

6752.T on Tokyo Stock Exchange

921JPY
2 May 2016
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Latest Key Developments (Source: Significant Developments)

Panasonic to issue year-end dividend for FY 2016
Thursday, 28 Apr 2016 03:45am EDT 

Panasonic Corp:To issue a year-end dividend of 15 yen per share to all the shareholders of record as of March 31, for the fiscal year ended March 31, 2016.Payment date June 3.Says the dividend is above latest forecast of 14 yen per share.  Full Article

GS Yuasa subsidiary updates taking over lead-acid battery business from Panasonic Corporation
Friday, 15 Apr 2016 03:30am EDT 

GS Yuasa Corp:Says GS Yuasa's Tokyo subsidiary enters stock transfer agreement on April 15 to take over the lead-acid battery business from Panasonic Corporation via acquisition of shares and business in Panasonic's unit.Transaction expected to be accomplished by the end of August.Previous plan was disclosed on Oct. 29, 2015.  Full Article

VITEC HOLDINGS announces business and capital alliance with Panasonic
Monday, 4 Apr 2016 03:30am EDT 

VITEC HOLDINGS CO LTD:Formed a business and capital alliance with Panasonic on April 4.VITEC HOLDINGS to transfer 87,999 shares of wholly owned subsidiary PTT Company Limited to Panasonic on June 30.Panasonic to hold 19.99 pct stake in PTT Company Limited after transfer.Says two entities will cooperate on procurement related business.  Full Article

Panasonic Corp - U.S. CPSC says Panasonic recalls lithium-ion laptop battery packs due to fire hazard - Reuters News
Monday, 21 Mar 2016 04:29am EDT 

Panasonic Corp:Panasonic recalls lithium-ion laptop battery packs due to fire hazard - RTRS.  Full Article

Panasonic revises year-end dividend forecast for FY 2016
Thursday, 25 Feb 2016 02:00am EST 

Panasonic Corp:Revises year-end dividend forecast to 14 yen per share from an undetermined value, for the fiscal year ending March 2016.  Full Article

Panasonic to take over business from unit
Thursday, 25 Feb 2016 02:00am EST 

Panasonic Corp:To take over PIDTASZN management related business in its Tochigi-based wholly owned subsidiary, effective on March 31.  Full Article

Panasonic Corp to cut around 40 pct of staff at a U.S. factory -Nikkei- Reuters
Wednesday, 24 Feb 2016 10:21pm EST 

Panasonic Corp:Panasonic Corp will cut around 40 percent of staff at a U.S. factory making base material for solar cells -Nikkei.Panasonic Corp has notified the labor union it will terminate the contracts of 50 workers at its Salem, Oregon, factory effective April 15 -Nikkei.  Full Article

Panasonic to wholly owned Panasonic Consumer Marketing through share exchange
Wednesday, 3 Feb 2016 02:15am EST 

Panasonic Corp:Says to fully acquire a 99.72 pct owned Japan-based subsidiary Panasonic Consumer Marketing through share exchange.Says one share of Panasonic Consumer Marketing will be exchange to 101 shares of the company.Planned effective March 31.  Full Article

Panasonic amends consolidated full-year outlook for FY 2016
Wednesday, 3 Feb 2016 02:15am EST 

Panasonic Corp:Says the company amended the consolidated full-year outlook for the FY ended March 2016.Revenue forecast decreased to 7,550,000 million yen from 8,000,000 million yen.Operating profit forecast decreased to 410,000 million yen from 430,000 million yen.Ordinary profit forecast decreased to 280,000 million yen from 300,000 million yen.Confirmed the net profit forecast at 180,000 million yen.Earnings per share forecast increased to 77.68 yen from 77.67 yen.Says decreased sales is the main reason for the forecast.  Full Article

Panasonic to acquire U.S-based company through U.S-based subsidiary
Monday, 21 Dec 2015 03:00am EST 

Panasonic Corp:Says its wholly owned U.S-based subsidiary (PNA) to acquire 100 shares (100 pct voting rights) in Hussnann Parent, which wholly owned Hussmann Corporation, for about 18.66 bln yen in total, planned on April 1, 2016.Says the transaction will be conducted through a merger between USA Corporation and Hussnann Parent.PNA established SPC (CC USA Corporation) on Dec. 16.CC USA Corporation to merge with Hussnann Parent and Hussnann Parent to be survival company.  Full Article

Nikkei tumbles to near 3-week low on stronger yen

TOKYO, May 2 Japanese stock indexes tumbled to near a three-week low on Monday after the yen hit a fresh 18-month high against the dollar, hurting the profit outlook for exporters and other shares that benefit from a weaker yen.

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