Panasonic Holdings Corporation (Formerly Panasonic Corporation)

Company Profile

■URL

■Address

1006, Oaza Kadoma, Kadoma-shi, Osaka 571-8501, Japan

Business Overview

-Comprehensive electronics maker

-Panasonic Holdings is the holding company for the following eight operating companies and affiliates. The Automotive Systems Company and the Energy Company handle in-vehicle applications. The Automotive Systems Company is responsible for the development, manufacture, and sale of next-generation cockpit systems, car navigation systems, ETC in-vehicle equipment, in-vehicle cameras, in-vehicle charging systems, and electric compressors. The Mobility Energy Division develops, manufactures, and sells cylindrical batteries for in-vehicle use.

Panasonic Holdings Corporation
Panasonic Corporation	Panasonic Automotive Systems Co., Ltd.	Panasonic Entertainment and Communication Co., Ltd.	Panasonic Housing Solutions Co., Ltd.	Panasonic Connect Co., Ltd.	Panasonic Industry Co., Ltd.	Panasonic Energy Co., Ltd.	Panasonic Operational Excellence Co., Ltd.
China and Northeast Asia Company	-Infotainment Systems BD	-Imaging Solutions Business Division	-Kitchen Furniture, Bathroom and Sanitary Fittings BD	-Blue Yonder Holdings, Inc.	-Electromechanical Control BD	-Energy Device BD
Living Appliances and Solutions Company	-HMI Systems BD		-Architecture Systems BD	-Media Entertainment BD	-Industrial Device BD	-Mobility Energy BD
Heating and Ventilation A/C Company	-Automotive Systems BD		-Exterior Products and Systems BD	-Process Automation BD	-Device Solutions BD	-Energy Solutions BD
Cold Chain Solutions Company	-Ficosa International, S.A.			-Panasonic Avionics Corporation	-Electronic Materials BD
Electric Works Company				-Mobile Solutions BD
				-Gemba Solutions Company

Panasonic Automotive Systems' Shares Transferred

-Panasonic Holdings Corporation (PHD) announced the signing of a memorandum of understanding (MOU) with US asset management company Apollo Global Management, Inc. (Apollo) to become strategic partners in its Panasonic Automotive Systems Corporation’s (PAS) business. PHD currently holds all shares of PAS and will sell a portion of the shares to a fund managed by Apollo, making it an equity-method affiliate of PHD. As an automotive business entity of Panasonic Group, PAS has been focusing mainly on the infotainment business. However, recently due to the rapid shift to electric vehicles and a significant change in vehicle architecture, further development especially in software and electrification is required. Through this partnership, PAS will be able to gain continued investment for strengthening its development capability in growing businesses. (From a press release dated November 17, 2023)

-Panasonic Holdings Corporation (Panasonic Holdings) announced on March 29 that it has signed an agreement with Apollo Global Management, Inc. group, a U.S.-based investment fund, on the transfer of Panasonic Automotive Systems Co., Ltd.'s (Panasonic Automotive Systems) shares. An investment fund company that has been advised by the Apollo Global Management group will acquire an 80% stake in Panasonic Automotive Systems, and Panasonic Holdings will acquire the remaining 20% stake. (From an article in the Nikkan Jidosha Shimbun on April 1, 2024)

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Business Overview of Japanese Suppliers in 2024	Featured report

Shareholders

-Listed on the Prime Market of the Tokyo Stock Exchange and the Premium Market of the Nagoya Stock Exchange

(As of Mar. 31, 2024)

Name or Company Name	Investing Ratio (%)
The Master Trust Bank of Japan, Ltd. (Trust Account)	15.26
Custody Bank of Japan, Ltd. (Trust Account)	7.94
STATE STREET BANK WEST CLIENT - TREATY 505234	2.42
Nippon Life Insurance Co.	2.07
MOXLEY & CO LLC	1.82
Sumitomo Life Insurance Company	1.60
Employee stock holdings	1.37
JP MORGAN CHASE BANK 385781	1.32
GOVERNMENT OF NORWAY	1.30
Matsushita Hudousan, Ltd.	1.24
Total	36.38

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Products

Panasonic Automotive Systems
-Next-generation cockpit systems
-In-vehicle infotainment cockpit system
-WELL Cabin concept
-Navigation systems
-Wireless charging systems
-Car speakers
-Rear Seat Enterteinment System
-Connected audio with display
-Car nanoe generatorsz
-ANC/ASC systems
-Power Amplifier
-Deck mechanisms
-Sheet heater devices
-PND (Portable navigation device)
-Car audio
-Telematic control units
-Smart connectivity modules

-Full-display meters
-Head-up displays
-ETC2.0 on-board units
-Vehicle camera modules
-Intelligent Rearview Mirror
-Sonar systems
-Drive recorder
-Cyber Security Robustness Solution
-Hands on detection systems (HoD)
-Surround View Systems
-ADAS ECU
-Smart keyless systems/Bluetooth Unit (BTU)
-Intrusion sensors
-Shifter systems
-Sensor & camera cleaning
-Headlamp washer
-Exterior/Interior rearview mirrors
-Decoration Panel with Transparency
-Instrument panel switches
-Steering switches
-Back & corner sensors
-Electronic mirrors

-Battery management controller
-On-board charging systems
-Inverter-integrated compressors
-Battery heater device
-Battery management systems
-Charging cables

Panasonic Energy
-Cylindrical-type Lithium-ion Batteries

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History

History of formerly Automotive Systems Company

2003	Established Panasonic Automotive Systems (PAS).
	Established Panasonic Automotive Systems Development Tianjin Co., Ltd.
	Established Panasonic Automotive Systems Company of America.
2004	Established Automotive Systems Europe Panasonic GmbH.
2005	Established Panasonic Automotive Systems (China).
2006	Established Panasonic Automotive Systems Asia Pacific Co., Ltd.
2008	Panasonic Automotive Systems Company adopted a new corporate name, Automotive Systems Company.
2010	Established Panasonic Automotive Systems India.

History of formerly Energy Company (Formerly Sanyo Electric Co., Ltd.)

1950	Sanyo Electric Co., Ltd. was established in Umemachi, Moriguchi City.
1959	Tokyo Sanyo Electric Co., Ltd. was established in Oura-gun, Gunma Prefecture.
1975	Company developed world's first lithium batteries (manganese dioxide lithium batteries), mass-producing them beginning in 1978.
1986	Sanyo Electric and Tokyo Sanyo Electric merged.
1990	Sale of nickel hydride batteries called the TWICELL commenced.
1994	Mass-production of cylindrical lithium-ion batteries commenced.
1999	Company developed nickel metal hydride rechargeable batteries for hybrid electric vehicles.
2001	Nickel metal hydride (Ni-MH) battery business acquired from Toshiba Group.
2004	Began mass-production of nickel-metal hydride (Ni-MH) battery systems for hybrid electric vehicles (HEVs).
2004	Tokushima Plant went online in order to increase production of lithium-ion batteries.
2005	Company released next-generation nickel-metal hydride (Ni-MH) battery called the eneloop.
2008	Signed agreement with German automaker Volkswagen Group to co-develop next-generation lithium-ion HEV battery systems.
2008	Formed a business alliance, which also included financial ties, with Panasonic Corp.
Dec., 2009	Panasonic Corporation acquired 50.27% of the voting stock of Sanyo Electric Co to make it a consolidated subsidiary.
2012	Consolidated the operations of Panasonic Energy with those of Sanyo Energy, forming "Energy Company".

History of Automotive & Industrial Systems Company

Apr. 2013	The Company merged Automotive Systems Company, Industrial Devices Company, Energy Company, and Manufacturing Solution Company into Automotive & Industrial Systems Company.
Jun. 2014	Transferred semiconductor business of Panasonic to Panasonic Semiconductor Solutions Co., Ltd. in the company split.
Jul. 2014	Panasonic Liquid Crystal Display Co., Ltd. transferred from AVC Networks Company.
Jul. 2014	Panasonic CycleTech Co., Ltd. transferred to Appliances Company.
Apr. 2015	Motor Business Unit (formerly Motor Division) transferred from Appliances Company.
Apr. 2015	Operations divided into four divisions: Automotive, Energy Devices, Industrial, and Factory Solutions
Apr. 2017	Turned Ficosa International S.A., which is headquartered in Spain, into a consolidated subsidiary.

History of Automotive Company

Apr. 2019	Established the automotive “company”, based on the automotive business of the former automotive and industrial systems businesses, and the automotive engine business.
Apr. 2020	Established Prime Planet Energy & Solutions, Inc., a joint venture with Toyota, which is engaged in automotive square lithium-ion batteries.

History of Panasonic Automotive Systems

Apr. 2022

Established Panasonic Automotive Systems Co., Ltd. as new company in the automotive business, as a result of the Panasonic Group’s migrating to a holding company.

History of Panasonic Energy

Oct. 2021	Established the Energy Company as a company based on the energy business of Industrial Solutions Company, the energy business of Tesla Energy in the USA, and Energy Company based on the energy technology department under the umbrella of the headquarters.
Apr. 2022	Adopted the name Panasonic Energy Co., Ltd. in line with the spin off.