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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 2019 JPYUSD
Revenue8,002.73B72,165.17M
Gross Profit2,181.00B19,667.39M
Operating income326,485M2,944.10M
Income before tax416,456M3,755.41M
Net income284,149M2,562.33M
EBITDA622,526M5,613.66M
Diluted EPS121.741.09
Dividends Per Share300.27
Total Assets6,013.93B54,333.75M
Total liabilities3,929.31B35,499.98M
Total equity1,913.51B17,287.91M
Operating cash flow203,677M1,836.67M
Currency in JPYCurrency in USD

Historical Data

 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 7,715.03B 7,626.30B 7,343.70B 7,982.16B 8,002.73B
Gross Profit 2,189.76B 2,173.92B 2,104.09B 2,255.07B 2,181.00B
Operating income 383,851M 413,246M 343,616M 402,012M 326,485M
Income before tax 182,456M 227,529M 275,066M 378,590M 416,456M
Net income 179,485M 165,212M 149,360M 236,040M 284,149M
EBITDA 670,379M 690,962M 613,614M 689,766M 622,526M
Diluted EPS 77.64 71.29 64.31 101.15 121.74
Dividends Per Share 18 25 25 30 30
Total Assets 5,956.94B 5,488.02B 5,982.96B 6,291.14B 6,013.93B
Total liabilities 3,964.39B 3,840.79B 4,223.02B 4,408.86B 3,929.31B
Total equity 1,823.29B 1,444.44B 1,571.88B 1,707.55B 1,913.51B
Operating cash flow 491,463M 419,355M 385,410M 423,182M 203,677M
 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 70,228.32M 63,507.94M 67,816.75M 72,020.11M 72,165.17M
Gross Profit 19,932.93M 18,103.29M 19,430.63M 20,346.70M 19,667.39M
Operating income 3,494.11M 3,441.29M 3,173.18M 3,627.20M 2,944.10M
Income before tax 1,660.85M 1,894.74M 2,540.14M 3,415.87M 3,755.41M
Net income 1,633.81M 1,375.80M 1,379.29M 2,129.70M 2,562.33M
EBITDA 6,102.31M 5,753.97M 5,666.52M 6,223.50M 5,613.66M
Diluted EPS 0.70 0.59 0.59 0.91 1.09
Dividends Per Share 0.16 0.20 0.23 0.27 0.27
Total Assets 49,672.26M 48,828.00M 53,692.55M 59,155.11M 54,333.75M
Total liabilities 33,057.28M 34,172.25M 37,898.46M 41,456.15M 35,499.98M
Total equity 15,203.60M 12,851.47M 14,106.51M 16,055.95M 17,287.91M
Operating cash flow 4,473.68M 3,492.17M 3,559.13M 3,818.21M 1,836.67M

Valuation Measures

Mar 2019
PER7.83
ROA4.61%
ROE15.69%
Operating margin4.07%
Profit margin3.55%

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. (2.8%)
  • Nippon Life Insurance Co. (2.8%)
  • Templeton Global Advisors Ltd. (2.4%)
  • The Vanguard Group, Inc. (2.3%)
  • Panasonic Employee Stock Ownership Plan (1.6%)
  • Sumitomo Life Insurance Co. (1.5%)
  • BlackRock Fund Advisors (1.3%)
  • Daiwa Asset Management Co. Ltd. (1.2%)
  • Nikko Asset Management Co., Ltd. (1.2%)

Contact Details

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  • Panasonic System Networks Philippines Corp.
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Competitors

  • Samsung Electronics Co., Ltd.
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  • Vishay Intertechnology, Inc.
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  • Elec-tech International Co., Ltd. Class A
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  • Shenzhen Inovance Technology Co., Ltd Class A
  • LG Display Co., Ltd
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  • Whirlpool Corporation
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  • RingCentral, Inc. Class A
  • Astronics Corporation
  • Continental AG
  • Thales SA
  • Xiamen Faratronic Co. Ltd. Class A
  • O2Micro International Limited Sponsored ADR
  • Hengdian Group DMEGC Magnetics Co., Ltd Class A
  • SolarEdge Technologies, Inc.
  • Zebra Technologies Corporation Class A
  • Chigo Holding Limited
  • VITZROCELL Co., Ltd.
Last Updated on 12 Nov, 2019

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