Panasonic Corp. ADR (PCRFY) - OTCPK - Current
  • Jul. 18, 2013, 3:30 PM

    Panasonic (PCRFY.OB -0.2%) will plead guilty in an auto parts price-fixing case and has agreed, with its subsidiary Sanyo Electric, to pay $56.5M in criminal fines, the Justice Department says.

    | Jul. 18, 2013, 3:30 PM
  • Jul. 5, 2013, 7:58 AM

    Panasonic (PCRFY.OB) will buy up to 13% of Slovenian firm Gorenje as it looks to increase its presence in the region. Gorenje is a well-entrenched seller of household appliance makers in the eastern part of Europe. The exact terms of the deal are contingent on the results of an upcoming capital rise by Gorenje.

    | Jul. 5, 2013, 7:58 AM
  • May 30, 2013, 6:51 AM

    Panasonic (PCRFY.OB) will slash 5K workers from its automotive and industrial systems business segment over the next three years, according to a top executive speaking at an analyst meeting. The company sees lower labor costs as one avenue to profitability.

    | May 30, 2013, 6:51 AM
  • May 24, 2013, 5:08 AM
    KKR (KKR) and Carlyle Group (CG) are among several investment funds that are reportedly expected to bid for shares in Panasonic's (PCRFY.OB) healthcare business, for which the Japanese conglomerate hopes to raise up to $1B. Toshiba is among the strategic investors that could make an offer. The deadline for first-round bids is Monday.
    | May 24, 2013, 5:08 AM
  • May 10, 2013, 4:49 AM
    Panasonic (PCRFY.OB): FY13 net loss of ¥754.3B (versus net loss of ¥772.2B in FY12) misses by ¥10B. Operating profit of ¥160.94B beats by ¥15B. Revenue of ¥7.303T. Forecast: FY14 net profit of ¥50B, operating profit of ¥250B, revenue of ¥7.2T.
    | May 10, 2013, 4:49 AM
  • Apr. 10, 2013, 8:32 PM
    Japan's Nikkei opened to another multiyear high, quickly rising 1.2% to 13,452 as the dollar continued to move up against the yen. The broader Topix is also outperforming with a 1.6% rise. Exporters and financials lead: Hitachi Ltd. JP:6501 +2.81% (HTHIY.PK +3.4%), Mitsubishi Electric (MIELY.PK +3%), Panasonic (PC +3%), Daiwa Securities (DSEEY.PK +6%), Nomura (NMR +6.3%) and Dai-ichi Life Insurance (DCNSF.PK +4.4%).
    | Apr. 10, 2013, 8:32 PM
  • Apr. 10, 2013, 7:46 AM
    JP Morgan initiates coverage on Panasonic (PC) with an Overweight rating while slotting rival Sony (SNE) at Neutral.
    | Apr. 10, 2013, 7:46 AM | 1 Comment
  • Apr. 2, 2013, 7:46 AM

    Television shipments fell 6.3% Y/Y to 238.5M units in 2012, according to a report from IHS iSuppli. The firm isn't overly bullish on the industry with its forecast that TV shipments won't return to 2011 levels until 2015 with the global market saturated. The development means manufacturers may need to discount more to move product. TV blues: Sony (SNE), Panasonic (PC), Sharp (SHCAF.PK), LG, and Samsung (SSNLF.PK).

    | Apr. 2, 2013, 7:46 AM
  • Apr. 1, 2013, 10:02 AM

    Shares of Panasonic (PC -8.6%) slump with the electronics firm reportedly under investigation by U.S. authorities on charges of bribery. The company plans to delist its American depositary shares from the NYSE on April 22.

    | Apr. 1, 2013, 10:02 AM
  • Mar. 31, 2013, 7:01 PM

    Documents reviewed by WSJ suggest Panasonic (PC) is under investigation for bribery. A retention notice from the company's legal department instructed a California subsidiary which markets in-flight entertainment products to preserve documents "concerning any benefits or gifts provided by Panasonic … to any airline employee or government officials." Another document allegedly says the company has been subpoenaed. 

    | Mar. 31, 2013, 7:01 PM | 2 Comments
  • Mar. 28, 2013, 7:14 AM
    Panasonic (PC) says Fumio Ohtusbo will step down from his role as chairman in June. The company is closing in on ending the current fiscal year with over ¥765B ($8.1B) in losses.
    | Mar. 28, 2013, 7:14 AM
  • Mar. 28, 2013, 6:57 AM

    Panasonic (PC) president Kazuhiro Tsuga says the company will shed unprofitable businesses but fell short of indicating it will exit its money-bleeding TV operation. More big changes could be on the way at Panasonic with it expected to pile up losses of 765B yen ($8.1B) for the fiscal year ending at the end of the month.

    | Mar. 28, 2013, 6:57 AM
  • Mar. 27, 2013, 10:09 AM

    Panasonic (PC +3.5%) trades higher after saying its solar-panel business will stay profitable with demand strong in Japan. The company is aiming for 10% margins for the solar business as Japan keeps increasing capacity.

    | Mar. 27, 2013, 10:09 AM
  • Mar. 20, 2013, 12:24 PM

    Panasonic (PC +0.6%) is in talks with TSMC (TSM +0.8%) and HTC to sell its mobile phone business, Japan's Sankei Shimbun reports. TSMC seems an odd choice to buy the unit, given the world's biggest chip foundry hasn't shown any interest in being a phone manufacturer (either as an OEM or ODM). HTC is a little more plausible, but the company has its own problems to deal with. Panasonic, which last year took a $3B write-down partly tied to its phone ops, has already said it's exploring options for its TV and healthcare units.

    | Mar. 20, 2013, 12:24 PM
  • Mar. 18, 2013, 3:45 AM
    Panasonic (PC) says it is considering what to do with its TV operations following a report that the company could withdraw from the plasma market as part of downsizing of the whole business over three years. The news follows Panasonic's acknowledgement at the weekend that it's mulling "various options" for its healthchare unit. A report had said the company could sell the operations.
    | Mar. 18, 2013, 3:45 AM
  • Mar. 17, 2013, 4:41 AM

    Panasonic (PC) is considering "various options" for its healthcare unit, a spokeswoman says, but she declines to comment on a report that the company could sell the business as part of its strategy of offloading non-core assets. KKR (KKR) and other private-equity funds could be interested in the operations, for which Panasonic wants up to ¥100B ($1.04B).

    | Mar. 17, 2013, 4:41 AM
Company Description
Panasonic Corporation is one of the largest electronic product manufacturers in the world, comprised of over 634 companies. It manufactures and markets a wide range of products under the Panasonic brand to enhance and enrich lifestyles all around the globe.
Industry: Electronic Equipment
Country: Japan