
Feb 20, 2026
- Company
- Stories
- Business Policy
- Financial Reports

Here, we share episodes about Konosuke Matsushita, the founder of the Panasonic Group, from our company’s historical records. In this episode, we look at Panasonic’s earliest days with the founding of its predecessor, Matsushita Electric Housewares Manufacturing Works.
Back row from left: Konosuke, Toshio Iue (younger brother to Mumeno), and Mumeno (Konosuke’s wife). Those seated in the front row are Mumeno’s sisters.
On March 7, 1918, the then 23-year-old Konosuke, his 22-year-old wife Mumeno, and her 15-year-old brother Toshio Iue*1 together founded Matsushita Electric Housewares Manufacturing Works. Konosuke had quit his job at the Osaka Electric Light Company*2 and developed an improved light socket but sales were poor. However, they managed to overcome their financial difficulties, severe enough to necessitate repeated trips to the pawnshop, and establish the company.
*1 Iue later founded SANYO Electric Co., Ltd.
*2 A forerunner to today’s Kansai Electric Power
The company was founded in Ohiraki-cho, in Osaka, when Konosuke turned the downstairs of their rental home into a workshop and began work.
The house where Panasonic started, in today’s Ohiraki-cho district, was the first step toward Matsushita Electric. The ground floor has been recreated in full-scale for an exhibit in the Konosuke Matsushita Museum.
Pivoting from other businesses to sell direct to general consumers, Konosuke embarked on the development of other electrical fixtures, and took on the challenge of an improved attachment plug.
At that time, home electrics usually only extended to one or two ceiling sockets for electrical lights. These were the house’s only power supplies, and so to use any other electrical appliance required connecting an attachment plug to the end of a power cord, and then screwing the plug into the socket provided the electricity.
The improved attachment plug (right) fitted with a power cord would be screwed into the socket (left) to receive electricity.
With his experience of working at the Osaka Electric Light Company, Konosuke had faith that if he could produce electrical fixtures at an affordable price, they would definitely sell, with no end to the demand for them. From the very core of his being, he believed that the age of electricity had dawned and it would transform people’s lives. His business, he knew, would be sure to succeed.
The issue was the necessary processing accuracy of the metal component that would screw into the socket. Through repeated trial and error, Konosuke finally came up with the idea of reusing the metal screw-in sections of used light bulbs.
The metal screw-in section from the light bulbs were designed to fit exactly into the socket, and since they were waste they were also very cheap. This was Konosuke’s trump card, resulting in innovative, improved attachment plugs*3 of an exceptional quality that were 30% cheaper than those available at the time. This was Panasonic’s first product.
*3 These plugs are still manufactured today with an almost unchanged structure, and are used for lighting and similar for applications such as festival stalls and fishing boats.
Matsushita Electric gained renown as a manufacturer of new items at reasonable prices and orders for the improved attachment plug came flooding in.
Three people could not manage everything, though, and Konosuke needed to recruit more workers. The first person to come along was a woman who was pregnant but could do light work and lived nearby, so she was immediately welcomed into the company. This made her Panasonic’s first hired employee.
Surprisingly, her surname was “Hanjo,” which literally translates as “prosperity.” The company was founded in Ohiraki (lit. “big opening”) and its first hired employee was “prosperity,” and with the birth of the baby, Konosuke felt that prosperity would be doubled. Overjoyed by the coincidence, he believed it to be fate.
Konosuke at 31, 8 years after the company’s founding
The business was on track, and Konosuke employed a further three or four workers.
At that time, details of the materials used to make paste or the manufacturing methods were trade secrets and it was usual for owners to keep such information to themselves. Konosuke, though, would teach these even to new employees. There were others in the industry who warned him against this, telling him of the risk that they employees could take his techniques and set up for themselves, damaging his business. To them, Konosuke said:
“When you believe in someone and place trust in them, they will not betray you. If you think otherwise and follow a petty approach to management, your business will not prosper and you will not develop people.”
This unshakeable conviction in developing people and positive view of people was always deeply rooted in Konosuke.
Products on sale in the 1920s. From front left: bullet-shaped bicycle lamp, square bicycle lamp, double cluster socket, super iron, and electric kotatsu heater (at the back in the middle). Konosuke always considered how to make people happier. The number of inventions and proposals reached 100 in the 34 years from 1917 (8 patents and 92 utility model registrations).
Following on from 1918’s improved attachment plug, the double cluster socket*4 was developed in 1920. Next came the bullet-shaped bicycle lamp in 1923, the super iron and square bicycle lamp in 1927, and an electric kotatsu (under-table) heater*5 in 1929. Innovative products like these came one after another. These products made a significant contribution to electrified life for ordinary households and laid the foundation for Matsushita Electric’s future.
The company operated for 15 years in Ohiraki-cho, and even after moving the company’s head office to Kadoma in 1933, Konosuke remained fond of Ohiraki-cho for the rest of his life. This is where the history of Panasonic began.
*4 These sockets split a single ceiling socket into two sockets, so that a electrical fixture such as an iron or electric kotatsu heater could be used at the same time as an electric light.
*5 To ensure that the kotatsu could be easily used under a blanket, it was given a smoothed, rounded shape and utilized processing technologies developed for wooden beer storage containers.
The content in this website 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.
Please note that German, Spanish and Chinese versions are machine translations, so the quality and accuracy may vary.