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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, Life Solutions, Connected Solutions, Automotive, Industrial Solutions, and Others. The Appliances segment provides consumer electronics such as flat panels televisions, refrigerators, washing machines, microwave ovens, video equipment, rice cookers, and vacuum cleaners. It also offers air conditioners, cold chains, metering devices, and fuel cells. The Life Solutions segment handles the manufacture and sales of lighting fixtures, home automation systems, and ventilation equipment. The Connected Solutions segment covers in-flight entertainment systems, electronic component mounting systems, welding machines, projectors, commercial camera systems, personal computers, and tablets. The Automotive segment deals with in-vehicle infotainment and electronics such as next-generation cockpit systems, navigation systems, camera modules, onboard charging systems, and inverter-integrated compressors. The Industrial Solutions segment markets electromechanical and control devices, liquid crystal panels, motors, primary batteries, and rechargeable batteries. The Others segment includes the sales of raw materials. The company was founded by Konosuke Matsushita on March 7, 1918 and is headquartered in Osaka, Japan.

Financial Highlights

Mar 2021 JPYUSD
Revenue6,698.79B63,161.95M
Gross Profit1,854.84B17,489.04M
Operating income313,065M2,951.84M
Income before tax281,573M2,654.91M
Net income165,072M1,556.43M
EBITDA630,637M5,946.18M
Diluted EPS70.710.66
Dividends Per Share200.18
Total Assets6,847.07B61,964.46M
Total liabilities4,078.57B36,910.14M
Total equity2,594.03B23,475.42M
Operating cash flow504,038M4,752.50M
Currency in JPYCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 7,343.70B 7,982.16B 8,002.73B 7,490.60B 6,698.79B
Gross Profit 2,104.09B 2,255.07B 2,181.00B 2,029.30B 1,854.84B
Operating income 343,616M 402,012M 326,485M 297,166M 313,065M
Income before tax 275,066M 378,590M 416,456M 291,050M 281,573M
Net income 149,360M 236,040M 284,149M 225,700M 165,072M
EBITDA 604,315M 689,766M 622,526M 670,141M 630,637M
Diluted EPS 64.30 101.15 121.74 96.69 70.71
Dividends Per Share 25 30 30 30 20
Total Assets 5,982.96B 6,291.14B 6,013.93B 6,218.51B 6,847.07B
Total liabilities 4,223.02B 4,408.86B 3,929.31B 4,062.65B 4,078.57B
Total equity 1,571.88B 1,707.55B 1,913.51B 1,998.34B 2,594.03B
Operating cash flow 385,410M 423,182M 203,677M 430,303M 504,038M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 67,816.75M 72,020.11M 72,165.17M 68,894.43M 63,161.95M
Gross Profit 19,430.63M 20,346.70M 19,667.39M 18,664.43M 17,489.04M
Operating income 3,173.18M 3,627.20M 2,944.10M 2,733.16M 2,951.84M
Income before tax 2,540.14M 3,415.87M 3,755.41M 2,676.91M 2,654.91M
Net income 1,379.29M 2,129.70M 2,562.33M 2,075.86M 1,556.43M
EBITDA 5,580.65M 6,223.50M 5,613.66M 6,163.58M 5,946.18M
Diluted EPS 0.59 0.91 1.09 0.88 0.66
Dividends Per Share 0.23 0.27 0.27 0.27 0.18
Total Assets 53,692.55M 59,155.11M 54,333.75M 57,602.87M 61,964.46M
Total liabilities 37,898.46M 41,456.15M 35,499.98M 37,632.80M 36,910.14M
Total equity 14,106.51M 16,055.95M 17,287.91M 18,510.94M 23,475.42M
Operating cash flow 3,559.13M 3,818.21M 1,836.67M 3,957.69M 4,752.50M

Valuation Measures

Mar 2021
PER20.11
ROA2.52%
ROE7.18%
Operating margin4.67%
Profit margin2.46%

Key executives

  • President, CEO & Representative Director: Yuki Kusumi
  • CFO, Director & Senior Managing Executive Officer: Hirokazu Umeda
  • Chief Information Officer & Executive Officer: Hajime Tamaoki
  • Chief Technology Officer & Executive Officer: Tatsuo Ogawa
  • Director & Chief Compliance Officer: Laurence William Bates

Shareholders

  • Panasonic Corp. (4.8%)
  • Nomura Asset Management Co., Ltd. (3.3%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.1%)
  • BlackRock Fund Advisors (2.7%)
  • The Vanguard Group, Inc. (2.2%)
  • Nippon Life Insurance Co. (1.9%)
  • Nikko Asset Management Co., Ltd. (1.8%)
  • Daiwa Asset Management Co. Ltd. (1.5%)
  • Panasonic Employee Stock Ownership Plan (1.5%)
  • Sumitomo Life Insurance Co. (1.5%)

Contact Details

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Competitors

  • Samsung Electronics Co., Ltd.
  • Hitachi,Ltd.
  • Canon Inc.
  • Vishay Intertechnology, Inc.
  • VOXX International Corporation Class A
  • Primax Electronics Ltd.
  • Garmin Ltd.
  • Vicon Industries, Inc.
  • ABB Ltd.
  • Havells India Limited
  • Darfon Electronics Corp
  • Legrand SA
  • Carrier Global Corp.
  • Dover Corporation
  • INPAQ Technology Co., Ltd
  • Dayou Automotive Seat Technology Co., Ltd
  • Nexcom International Co., Ltd.
  • Regal Rexnord Corporation
  • Aptiv PLC
  • Shenzhen Inovance Technology Co., Ltd Class A
  • Hengdian Group DMEGC Magnetics Co., Ltd Class A
  • LG Display Co., Ltd
  • Coretronic Corporation
  • Zebra Technologies Corporation Class A
  • O2Micro International Limited Sponsored ADR
  • Stoneridge, Inc.
  • Lincoln Electric Holdings, Inc.
  • LIXIL Corporation
  • II-VI Incorporated
  • Thales SA
Last Updated on 14 Jan, 2022

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