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Pictures | Thu Nov 1, 2012 | 1:57am EDT

Panasonic cleans house with writedowns, sees $9.6 billion loss

A logo of Panasonic Corp is pictured at its showroom in Tokyo November 1,2012. Panasonic said it will lose almost $10 billion this business year as it cleans house of poorly performing operations, writing down billions of dollars of goodwill and assets in its mobile and energy units while its new boss readies for a fresh bout of restructuring. REUTERS/Yuriko Nakao

A logo of Panasonic Corp is pictured at its showroom in Tokyo November 1,2012. Panasonic said it will lose almost $10 billion this business year as it cleans house of poorly performing operations, writing down billions of dollars of goodwill and...more

A logo of Panasonic Corp is pictured at its showroom in Tokyo November 1,2012. Panasonic said it will lose almost $10 billion this business year as it cleans house of poorly performing operations, writing down billions of dollars of goodwill and assets in its mobile and energy units while its new boss readies for a fresh bout of restructuring. REUTERS/Yuriko Nakao
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A flag of Panasonic Corp is pictured past autumn leaves outside the company's showroom in Tokyo November 1, 2012. REUTERS/Yuriko Nakao

A flag of Panasonic Corp is pictured past autumn leaves outside the company's showroom in Tokyo November 1, 2012. REUTERS/Yuriko Nakao

A flag of Panasonic Corp is pictured past autumn leaves outside the company's showroom in Tokyo November 1, 2012. REUTERS/Yuriko Nakao
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Panasonic Corp's logo is pictured outside the company's showroom in Tokyo November 1,2012. Panasonic Corp said it will lose almost $10 billion this business year as it cleans house of poorly performing operations, writing down billions of dollars of goodwill and assets in its mobile and energy units while its new boss readies for a fresh bout of restructuring. REUTERS/Yuriko Nakao

Panasonic Corp's logo is pictured outside the company's showroom in Tokyo November 1,2012. Panasonic Corp said it will lose almost $10 billion this business year as it cleans house of poorly performing operations, writing down billions of dollars of...more

Panasonic Corp's logo is pictured outside the company's showroom in Tokyo November 1,2012. Panasonic Corp said it will lose almost $10 billion this business year as it cleans house of poorly performing operations, writing down billions of dollars of goodwill and assets in its mobile and energy units while its new boss readies for a fresh bout of restructuring. REUTERS/Yuriko Nakao
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Pedestrians are reflected on a glass window outside Panasonic Corp's showroom in Tokyo November 1, 2012. Panasonic said it will lose almost $10 billion this business year as it cleans house of poorly performing operations, writing down billions of dollars of goodwill and assets in its mobile and energy units while its new boss readies for a fresh bout of restructuring. REUTERS/Yuriko Nakao

Pedestrians are reflected on a glass window outside Panasonic Corp's showroom in Tokyo November 1, 2012. Panasonic said it will lose almost $10 billion this business year as it cleans house of poorly performing operations, writing down billions of...more

Pedestrians are reflected on a glass window outside Panasonic Corp's showroom in Tokyo November 1, 2012. Panasonic said it will lose almost $10 billion this business year as it cleans house of poorly performing operations, writing down billions of dollars of goodwill and assets in its mobile and energy units while its new boss readies for a fresh bout of restructuring. REUTERS/Yuriko Nakao
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A man looks at Panasonic Corp's Viera TVs displayed at an electronics store in Tokyo October 23, 2012. REUTERS/Yuriko Nakao

A man looks at Panasonic Corp's Viera TVs displayed at an electronics store in Tokyo October 23, 2012. REUTERS/Yuriko Nakao

A man looks at Panasonic Corp's Viera TVs displayed at an electronics store in Tokyo October 23, 2012. REUTERS/Yuriko Nakao
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