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Panasonic Newsroom TOPPress ReleasePanasonic Electronic Devices to Consolidate Its Japanese Subsidiaries to Reinforce Manufacturing Competitiveness


Main Contents begins from here.

Headquarters News

Dec 21, 2007

FOR IMMEDIATE RELEASE

Media contacts:
Akira Kadota
International PR, Matsushita Electric Industrial Co., Ltd.
  Tel: 03-3578-1237  Fax: 03-3436-6766
Panasonic News Bureau
  Tel: 03-3542-6205  Fax: 03-3542-9018

Panasonic Electronic Devices to Consolidate Its Japanese
Subsidiaries to Reinforce Manufacturing Competitiveness



Osaka, Japan, December 21, 2007 -- Panasonic Electronic Devices Co., Ltd. announced today that the company will consolidate its eight subsidiaries in Japan and establish Panasonic Electronic Devices Japan Co., Ltd. on April 1, 2008.

Aiming to become a company contributing to the creation of customer value, the company has engaged in device business activities as a wholly-owned subsidiary of Matsushita Electric Industrial Co., Ltd. with manufacturing sites around the world. In Japan, Panasonic Electronic Devices established several subsidiaries. Managed autonomously, each of them has been striving to enhance its competitive edge in the industry.

Electronic devices are becoming more important as key components of electronic products, which are increasingly digitized. At the same time, convergence of information, communications and AV equipment industries are accelerating their importance. Under these circumstances, electronic device companies are required to increase their capabilities in technology development and manufacturing.

The establishment of the new company will enable Panasonic Electronic Devices to take advantage of the strengths of each subsidiary, including “black-box” technologies and manufacturing skills, beyond the framework of individual subsidiary.

Panasonic Electronic Devices aims to become a strategic partner for each customer, providing value added products and services by implementing the following:

  1. Further concentration and strengthening of the businesses by utilizing improved liquidity in business assets;
  2. Achieving optimum standardization of technical capabilities and skills; and
  3. Strengthening cost competitiveness by seeking streamlining and efficiency of operations.

[Outline of New Company (planned)]

Company Name: Panasonic Electronic Devices Japan Co., Ltd.
Planned Foundation: April 1, 2008
Head Office Location: 1006, Kadoma, Kadoma City, Osaka
Capital: 200 million yen (100% owned by Panasonic Electronic Devices Co., Ltd.)
President: Toshiaki Kobayashi
Business Area: Manufacturing and sales of electronic components
Number of Employees: Approx. 3,500
<8 companies to be integrated>
Panasonic Electronic Devices Hokkaido Co, Ltd.
Panasonic Electronic Devices Toyama Co, Ltd.
Panasonic Electronic Devices Fukui Co, Ltd.
Panasonic Electronic Devices Wakasa Co, Ltd.
Panasonic Electronic Devices Tajima Co, Ltd.
Panasonic Electronic Devices Tsuyama Co, Ltd.
Panasonic Electronic Devices Matsue Co, Ltd.
Panasonic Electronic Devices Yamaguchi Co, Ltd.

[Panasonic Electronic Devices Co., Ltd.]

Head Office Location: 1006, Kadoma, Kadoma City, Osaka
Foundation: February 1976
Capital: 23 billion yen
Business Area: Development, manufacturing, and sales of electronic components (capacitors, resistors, inductors, acoustic components, power supplies, electromechanical components, high-frequency components, printed circuit boards, etc.)
Global Net Sales: 487.5 billion yen (FY2007 ended March 2007)
Shareholder: Matsushita Electric Industrial Co., Ltd.
President: Toshiaki Kobayashi
Number of Employees: Approx. 34,000 (global total)


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