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Panasonic Newsroom TOPPress ReleaseMatsushita to Execute Own Share Repurchase

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Headquarters News

Apr 28, 2008

Matsushita to Execute Own Share Repurchase

Osaka, Japan, April 28, 2008 -- Matsushita Electric Industrial Co., Ltd. [NYSE symbol: MC], best known for its Panasonic brand, announced that its Board of Directors today resolved to repurchase its own shares, pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan.

1. Reason for Share Repurchase

This resolution is a part of continuing efforts to enhance shareholder value per share and profitability of capital.

2. Details of Share Repurchase

1) Class of shares: Common stock
2) Aggregate number of repurchasable shares: Up to 50 million shares
(2.0% of the total number of shares issued)
3) Aggregate repurchase amount: Up to 100 billion yen
4) Period of repurchase: From April 30, 2008 to late March 2009
Total number of shares issued and treasury stock as of March 31, 2008:
  • Total number of shares issued (excluding treasury stock): 2,101,117,156 shares
  • Treasury stock: 351,936,341 shares
*The content in the following news releases is accurate at the time of publication but may be subject to change without notice. Please note therefore that these documents may not always contain the most up-to-date information.

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