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Panasonic joins Sony on asset-light bandwagon

Blue Yonder deal set to boost intangible assets over physical this year

Panasonic is one of a number of electronics companies, including compatriot Sony Group, pursuing a more asset-light strategy.   © Reuters

OSAKA -- Panasonic will own more intangible assets than fixed assets for the first time by the end of this fiscal year, as it shifts its investment focus from traditional manufacturing to areas like software.

The Japanese company expects its intangible assets to swell by roughly 900 billion yen ($7.9 billion) this fiscal year from the September acquisition of U.S. software company Blue Yonder, including goodwill, bringing the total well above 1 trillion yen. It had 1.06 trillion yen in fixed assets at the end of fiscal 2020.

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