ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Consumer Durables

Panasonic Holdings Corp.

Business Summary

Panasonic Holdings 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 2022 JPYUSD
Gross Profit1,953.64B17,385.40M
Operating income366,166M3,258.49M
Income before tax373,032M3,319.59M
Net income255,323M2,272.10M
Diluted EPS109.370.97
Dividends Per Share300.26
Total Assets8,023.58B66,105.73M
Total liabilities4,676.41B38,528.62M
Total equity3,164.96B26,075.89M
Operating cash flow252,630M2,248.14M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 7,982.16B 8,002.73B 7,490.60B 6,698.79B 7,388.79B
Gross Profit 2,255.07B 2,181.00B 2,029.30B 1,854.84B 1,953.64B
Operating income 402,012M 326,485M 297,166M 313,065M 366,166M
Income before tax 378,590M 416,456M 291,050M 281,573M 373,032M
Net income 236,040M 284,149M 225,700M 165,072M 255,323M
EBITDA 689,766M 622,526M 670,141M 630,637M 705,314M
Diluted EPS 101.15 121.74 96.69 70.71 109.37
Dividends Per Share 30 30 30 20 30
Total Assets 6,291.14B 6,013.93B 6,218.51B 6,847.07B 8,023.58B
Total liabilities 4,408.86B 3,929.31B 4,062.65B 4,078.57B 4,676.41B
Total equity 1,707.55B 1,913.51B 1,998.34B 2,594.03B 3,164.96B
Operating cash flow 423,182M 203,677M 430,303M 504,038M 252,630M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 72,020.11M 72,165.17M 68,894.43M 63,161.95M 65,752.55M
Gross Profit 20,346.70M 19,667.39M 18,664.43M 17,489.04M 17,385.40M
Operating income 3,627.20M 2,944.10M 2,733.16M 2,951.84M 3,258.49M
Income before tax 3,415.87M 3,755.41M 2,676.91M 2,654.91M 3,319.59M
Net income 2,129.70M 2,562.33M 2,075.86M 1,556.43M 2,272.10M
EBITDA 6,223.50M 5,613.66M 6,163.58M 5,946.18M 6,276.56M
Diluted EPS 0.91 1.09 0.88 0.66 0.97
Dividends Per Share 0.27 0.27 0.27 0.18 0.26
Total Assets 59,155.11M 54,333.75M 57,602.87M 61,964.46M 66,105.73M
Total liabilities 41,456.15M 35,499.98M 37,632.80M 36,910.14M 38,528.62M
Total equity 16,055.95M 17,287.91M 18,510.94M 23,475.42M 26,075.89M
Operating cash flow 3,818.21M 1,836.67M 3,957.69M 4,752.50M 2,248.14M

Valuation Measures

Mar 2022
Operating margin4.95%
Profit margin3.45%

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


  • Panasonic Holdings Corp. (4.8%)
  • Nomura Asset Management Co., Ltd. (3.5%)
  • BlackRock Fund Advisors (2.9%)
  • The Vanguard Group, Inc. (2.2%)
  • Nippon Life Insurance Co. (1.9%)
  • Norges Bank Investment Management (1.9%)
  • BlackRock Japan Co., Ltd. (1.7%)
  • Nikko Asset Management Co., Ltd. (1.6%)
  • Daiwa Asset Management Co. Ltd. (1.6%)
  • Sumitomo Life Insurance Co. (1.5%)

Contact Details

Related Companies

  • Panasonic Energy Co., Ltd.
  • Panasonic (China) Co. Ltd.
  • Panasonic Smart Factory Solutions Co. Ltd.
  • Blue Yonder Holding, Inc.
  • Panasonic Operational Excellence Co., Ltd.
  • Tecnair SpA
  • Panasonic Sports Co. Ltd.
  • Panasonic Corp.
  • Hussmann New Zealand Acquisition Ltd.
  • Panasonic Equity Management Japan GK
  • Panasonic PROIE Services Co. Ltd.
  • Panasonic AGE-FREE Co. Ltd.
  • Systemair s.r.l.
  • Systemair AC SAS
  • Panasonic Corp. /Three Subsidiaries/
  • 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.
  • Panasonic Appliances AirConditioning (Guangzhou) Co. Ltd.
  • MCA Funding II Holding
  • Hussmann Services Corp.
  • Panasonic Sanki Systems Co., Ltd.
  • Panasonic Europe BV
  • Panasonic Business Support Europe GmbH
  • Shiftall, Inc.
  • Delta Aerospace Corp.
  • Union Rhac Tecnologia em Eficiencia Energetica Ltda.
  • Pall Aerospace Corp.


  • Samsung Electronics Co., Ltd.
  • Canon Inc.
  • Vishay Intertechnology, Inc.
  • VOXX International Corporation Class A
  • Primax Electronics Ltd.
  • Garmin Ltd.
  • Vicon Industries, Inc.
  • ABB Ltd.
  • Havells India Limited
  • Legrand SA
  • Dover Corporation
  • Coherent Corp.
  • Dayou Automotive Seat Technology Co., Ltd
  • Shenzhen Inovance Technology Co., Ltd Class A
  • Aptiv PLC
  • GBLT Corp.
  • INPAQ Technology Co., Ltd
  • Boxlight Corporation Class A
  • Coretronic Corporation
  • LIXIL Corporation
  • Zebra Technologies Corporation Class A
  • Thales SA
  • Kaimei Electronic Corporation
  • ABCO Electronics Co., Ltd.
  • Cosmo Electronics Corporation
  • Power Glory Battery Tech (Shenzhen) Co., Ltd Class A
  • Whirlpool Corporation
  • Winmate Inc.
  • Chigo Holding Limited
  • Suzhou Veichi Electric Co. Ltd. Class A
Last Updated on 30 Mar, 2023

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more