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Panasonic "Annual Report 2020" Published

Annual Report 2020

Osaka, Japan - On January 20, 2021, Panasonic Corporation published the second part of its "Annual Report 2020" to complete the first part published in September 2020. This year's Annual Report is published in a series of two parts to provide up-to-date information.

The report is available for downloading from the website below: https://www.panasonic.com/global/corporate/ir/annual.html

Panasonic positions its Annual Report as an integrated report covering management strategies for medium- to long-term growth, and Environmental, Social, and Governance (ESG) systems and initiatives. It also includes operating results, financial position, and various other information. It is published primarily for investors.

This report discusses progress on the Mid-term strategy, which aims to have the Company overcome low-profit structure, its medium- to long-term management approach beyond COVID-19, and the aims of transitioning to a holding company system to further enhance business competitiveness. The Company also provides an overview of the new structure and its future direction. Also, Panasonic considers ESG to be one of its management foundations that underpin the Company's business activities, and therefore present information about specific policies and initiatives from the viewpoints of business opportunities and social responsibilities.

Since the Company's foundation, Panasonic has endeavored to contribute to the progress and development of society and the well-being of people through its business activities based on the thinking that a company is a public entity of society. Moving forward, Panasonic will aim to achieve sustainable growth and enhance corporate value by putting into practice its management philosophy.

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