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Panasonic Corp (PCRFY.PK)

PCRFY.PK on OTC Markets Group

21 Apr 2017
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$0.10 (+0.91%)
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Latest Key Developments (Source: Significant Developments)

Panasonic offers ToB for shares of PanaHome instead of stock swap
Friday, 21 Apr 2017 05:53am EDT 

April 21(Reuters) - Panasonic Corp <6752.T>:Says it will no longer do share swap with its unit PanaHome.Says it plans to spend 92.4 billion yen on tender offer for all remaining shares of unit PanaHome <<<1924.T>>>, offering to pay 1,200 yen per PanaHome share.Offering period from April 28 to June 13.Settlement starts June 20.  Full Article

Panasonic to dissolve unit MTPD and forgives debts worth 100 bln yen
Thursday, 30 Mar 2017 03:53am EDT 

Panasonic Corp <6752.T> : Says it plans to dissolve and liquidate its wholly owned unit MTPD, which is mainly engaged in provision of cathode-ray tube related technology service . Says dissolution effective in Nov. 2018 and liquidation is expected to be completed in March 2019 .Co plans to forgive debts borrowed by the unit MTPD, worth 100 billion yen.  Full Article

Taiwan Sanyo Electric to pay cash dividend of T$1.05 per share for 2016
Thursday, 23 Mar 2017 05:02am EDT 

Taiwan Sanyo Electric Co Ltd <1614.TW>:Says it will pay cash dividend of T$1.05 per share for 2016.  Full Article

SolarCity reports FY 2016 net loss of $820.4 million
Wednesday, 1 Mar 2017 05:19pm EST 

SolarCity Corp: Says FY revenue was $730.3 million versus $399.6 million last year . Says FY net loss was $820.4 million . SolarCity, owned by Tesla Inc, says its total consolidated indebtedness was $3,580.4 million as of December 31, 2016 - SEC filing . Says anticipate significantly reduced expenditures related to manufacturing operations at Riverbend manufacturing facility in Buffalo, New York . Says agreed to spend or incur about $5 billion in combined capital, costs in state of New York during 10-year period following full production of Riverbend manufacturing facility . Says expect significantly reduced expenditures at Riverbend facility as a result of manufacturing relationship with Panasonic . Says as of December 31, 2016, company had approximately 12,243 total employees compared with 15,273 total employees as of December 31, 2015 . Says anticipate commencing solar module and solar roof manufacturing in the second half of 2017 with photovoltaic cells sourced from Panasonic . Says "working towards ramping production to 1 gigawatt of solar cell production by 2019" . Says identified potential modifications to manufacturing equipment, factory layout related to solar cell manufacturing line at Buffalo Plant.  Full Article

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

More From Around the Web


Panasonic raises PanaHome buyout offer to appease shareholders

TOKYO Japanese electronics conglomerate Panasonic Corp has raised its offer to buy out subsidiary PanaHome Corp , in an effort to satisfy the housebuilder's shareholders, who were unhappy with the original bid.