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Consumer Durables

Panasonic Corp.

Business Summary

Panasonic Corp. engages in the development, manufacture, and sale of electrical products. It operates through the following segments: Appliances, Eco Solutions, Connected Solutions Company, Automotive and Industrial Systems, and Others. The Appliances segment develops and manufactures white goods such as vacuum cleaner, washing machine, refrigerator, and air conditioner; as well as health and beauty products. The Eco Solutions segment handles development, manufacture and sale of lighting fixtures and electric lamps including LED lighting, solar photovoltaic systems, wiring devices, interior furnishing materials, water-related products, ventilation and air-conditioning equipment, air purifiers, and others. The Connected Solutions segment offers system integration, installation, support, and maintenance services for aviation, manufacturing, entertainment, retail, and logistics. The Automotive and Industrial System segment develops, manufactures, sells and provide services for car-use-multimedia-related equipment, electrical components, lithium-ion batteries, storage batteries, dry batteries, electronic components, electronic materials, automation controls, semiconductors, optical devices, electronic-components-mounting machines, welding equipment, bicycles, and others. The Others segment deal with detached housing, rental apartment housing, land and buildings for sale, home remodeling, imported materials and components, and others. The company was founded by Konosuke Matsushita on March 7, 1918 and is headquartered in Osaka, Japan.

Financial Highlights

Mar 2020 JPYUSD
Revenue7,490.60B68,894.43M
Gross Profit2,029.30B18,664.43M
Operating income297,166M2,733.16M
Income before tax291,050M2,676.91M
Net income225,700M2,075.86M
EBITDA670,141M6,163.58M
Diluted EPS96.690.88
Dividends Per Share300.27
Total Assets6,218.51B57,602.87M
Total liabilities4,062.65B37,632.80M
Total equity1,998.34B18,510.94M
Operating cash flow430,303M3,957.69M
Currency in JPYCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 7,626.30B 7,343.70B 7,982.16B 8,002.73B 7,490.60B
Gross Profit 2,173.24B 2,104.09B 2,255.07B 2,181.00B 2,029.30B
Operating income 412,571M 343,616M 402,012M 326,485M 297,166M
Income before tax 227,529M 275,066M 378,590M 416,456M 291,050M
Net income 165,212M 149,360M 236,040M 284,149M 225,700M
EBITDA 690,962M 604,315M 689,766M 622,526M 670,141M
Diluted EPS 71.29 64.30 101.15 121.74 96.69
Dividends Per Share 25 25 30 30 30
Total Assets 5,488.02B 5,982.96B 6,291.14B 6,013.93B 6,218.51B
Total liabilities 3,840.79B 4,223.02B 4,408.86B 3,929.31B 4,062.65B
Total equity 1,444.44B 1,571.88B 1,707.55B 1,913.51B 1,998.34B
Operating cash flow 419,355M 385,410M 423,182M 203,677M 430,303M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 63,507.94M 67,816.75M 72,020.11M 72,165.17M 68,894.43M
Gross Profit 18,097.67M 19,430.63M 20,346.70M 19,667.39M 18,664.43M
Operating income 3,435.67M 3,173.18M 3,627.20M 2,944.10M 2,733.16M
Income before tax 1,894.74M 2,540.14M 3,415.87M 3,755.41M 2,676.91M
Net income 1,375.80M 1,379.29M 2,129.70M 2,562.33M 2,075.86M
EBITDA 5,753.97M 5,580.65M 6,223.50M 5,613.66M 6,163.58M
Diluted EPS 0.59 0.59 0.91 1.09 0.88
Dividends Per Share 0.20 0.23 0.27 0.27 0.27
Total Assets 48,828.00M 53,692.55M 59,155.11M 54,333.75M 57,602.87M
Total liabilities 34,172.25M 37,898.46M 41,456.15M 35,499.98M 37,632.80M
Total equity 12,851.47M 14,106.51M 16,055.95M 17,287.91M 18,510.94M
Operating cash flow 3,492.17M 3,559.13M 3,818.21M 1,836.67M 3,957.69M

Valuation Measures

Mar 2020
PER8.52
ROA3.69%
ROE11.53%
Operating margin3.96%
Profit margin3.01%

Key executives

  • President, CEO & Representative Director: Kazuhiro Tsuga
  • CFO, Director & Managing Executive Officer: Hirokazu Umeda
  • Chief Technology & Information Officer: Yoshiyuki Miyabe
  • Director & Chief Compliance Officer: Laurence William Bates
  • Representative Director & Executive Vice President: Yoshio Ito

Shareholders

  • Panasonic Corp. (4.9%)
  • Nomura Asset Management Co., Ltd. (3.1%)
  • Nippon Life Insurance Co. (2.8%)
  • The Vanguard Group, Inc. (2.4%)
  • Templeton Global Advisors Ltd. (1.9%)
  • Panasonic Employee Stock Ownership Plan (1.6%)
  • Daiwa Asset Management Co. Ltd. (1.5%)
  • Sumitomo Life Insurance Co. (1.5%)
  • Nikko Asset Management Co., Ltd. (1.3%)
  • Norges Bank Investment Management (1.3%)

Contact Details

Related Companies

  • Panasonic Corp. /Chipmaking Business/
  • Panasonic Restricted Stock Compensation Plan
  • Connected Solutions Co.
  • Panasonic Corp. /Solar Power R&D Division/
  • Panasonic Intellectual Property Management Co. Ltd.
  • MCA Funding II Holding
  • Panasonic Semiconductor Solutions Co., Ltd.
  • Hussmann Services Corp.
  • Panasonic Sanki Systems Co., Ltd.
  • Panasonic Europe BV
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  • Shiftall, Inc.
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  • Matsushita Battery Industrial de Mexico SA de CV
  • Matsushita Industrial Information Equipment Co., Ltd.
  • PUX Corp.
  • Coronal Energy LLC
  • Panasonic Industrial Devices Sales Asia
  • Panasonic Cold-Chain (Dalian) Co., Ltd.
  • Panasonic Hungary Ltd.
  • Panasonic Industrial Devices Obihiro Co. Ltd.
  • Panasonic Electrical & Mechanical (China) Co. Ltd.
  • Panasonic Industrial Devices SUNX (Thailand) Co. Ltd.
  • Panasonic Logistics Asia Pacific Pte Ltd.
  • Panasonic Appliances Refrigeration Devices Singapore
  • Panasonic Motor (Thailand) Co. Ltd.

Competitors

  • Samsung Electronics Co., Ltd.
  • Canon Inc.
  • Vishay Intertechnology, Inc.
  • VOXX International Corporation Class A
  • Garmin Ltd.
  • Primax Electronics Ltd.
  • Legrand SA
  • Carrier Global Corp.
  • Havells India Limited
  • Darfon Electronics Corp
  • Vicon Industries, Inc.
  • Dover Corporation
  • INPAQ Technology Co., Ltd
  • Nexcom International Co., Ltd.
  • Elec-tech International Co., Ltd. Class A
  • Shenzhen Inovance Technology Co., Ltd Class A
  • Hengdian Group DMEGC Magnetics Co., Ltd Class A
  • Regal Beloit Corp
  • LG Display Co., Ltd
  • Gigaset AG
  • Aptiv PLC
  • Lincoln Electric Holdings, Inc.
  • Avaya Holdings Corp.
  • Coretronic Corporation
  • Thales SA
  • O2Micro International Limited Sponsored ADR
  • Whirlpool Corporation
  • Electrolux AB Class B
  • SolarEdge Technologies, Inc.
  • Zebra Technologies Corporation Class A
Last Updated on 4 Aug, 2020

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