Panasonic Corp. ADR (PCRFY) - OTCPK - Current
  • Mar. 6, 2013, 3:47 AM

    Panasonic (PC) is selling an office building in Tokyo for about ¥50B ($537M) as part of its restructuring, with Sumitomo Mitsui Finance & Leasing (SMFG) buying 90% of the rights and Nippon Building Fund the rest. The deal is part of a trend of struggling Japanese companies divesting property to raise funds, including Sony (SNE) selling a building last month for ¥111.1B.

    | Mar. 6, 2013, 3:47 AM
  • Feb. 14, 2013, 7:39 PM

    Japanese stocks dip in early trading as the market awaits the G-20 summit, which could pressure Japan to temper its weak yen policy. The yen lost ground overnight, which in turn helped send the Nikkei Average down 0.6% to 11,243. Currency-sensitive exporters took a hit: TDK (TTDKY.PK -1.5%), Toyota (TM -1.51%), Panasonic (PC -1.8%), Sony (SNE +-3.1%), Kirin Holdings (KNBWY.PK -6.3%), and Trend Micro (TMICY.PK -9.2%).

    | Feb. 14, 2013, 7:39 PM
  • Feb. 12, 2013, 8:14 PM
    Japanese shares slip today on the back of some weak earnings reports and a slightly stronger yen. The Nikkei Average is down 0.5% to 11,315, with exporters leading declines: Sony (SNE -2.2%), Nissan (NSANY.OB -1%), Mazda (MZDAY.PK -2.6%), and Panasonic (PC -2.4%). Earnings disappointments also moved shares of Pioneer (PNCOF.PK -5.8%) down after saying it plans to cut jobs and now expects to post a FY year loss, Olympus (OCPNY.PK -3.3%) also slips after posting a narrower quarterly loss but trimming its own FY forecast due to weak camera sales.
    | Feb. 12, 2013, 8:14 PM
  • Feb. 7, 2013, 7:41 PM

    Japanese stocks fall in early trading, capping a volatile week for the benchmark index. The Nikkei Average is down 0.9% to 11,251, as Sony (SNE -4.4%) leading shares lower after reporting an unexpected third quarter loss. Losses spread through the technology sector: Panasonic (PC -2.2%), and Pioneer(PNCOY.PK -2.1%).

    | Feb. 7, 2013, 7:41 PM
  • Feb. 5, 2013, 7:41 PM

    Japanese stocks trade higher, pushed by fresh multiyear lows for the yen and strong results from Toyota (TM +1.05%). The Nikkei Average surged 2.3% to 11,304, wiping away the previous session's 1.9% loss, with autos leading: Mitsubishi Motors (MMTOY.PK +5.1%), and Subaru maker Fuji Heavy Industries (FUJHY.PK +6%). The move on the yen also gave a lift to tech exporters as well: Sony(SNE +2.8%), Olympus (OCPNF.PK +3.2%), and Panasonic (PC +5%).

    | Feb. 5, 2013, 7:41 PM | 6 Comments
  • Feb. 4, 2013, 5:47 PM
    After-hours top gainers, as of 5:15 p.m.: JNY +5%. EDMC +5%. BRKS +5%. MM +5%. GFF +4%.
    After-hours top losers: PC -10%. IDIX -7%. RTEC -6%. YUM -6%. BIDU -5%.
    | Feb. 4, 2013, 5:47 PM
  • Feb. 4, 2013, 12:45 PM
    Midday top 10 gainers: HPTX +31%. APKT +22%. EBOD +16%. PGRX +15%. SONS +14%. PC +11%. EDAP +9%. ORRF +10%. HMY +9%. TAOM +9%.
    Midday top 10 Losers: INUV -13%. CLSN -13%. SED -12%. CYTK -8%. VVI -9%. CTC -8%. PRIS -8%. PERI -8%. BLIN -8%. CFBK -8%.
    | Feb. 4, 2013, 12:45 PM
  • Feb. 4, 2013, 3:07 AM

    Panasonic (PC) shares surge 17.9% in Tokyo - the stock's biggest gain since September 1974 - after the company made a surprise profit in FQ3. "Panasonic seems to have turned a corner,” says fund manager Masamitsu Ohki. "That is easing investor concerns about its survival." Sony (SNE) climbed 7.5% ahead of its earnings on Thursday, while Sharp rose 5.5% after it last week reported its first operating profit in five quarters.

    | Feb. 4, 2013, 3:07 AM
  • Feb. 1, 2013, 3:33 AM

    Panasonic (PC): FQ3 net profit ¥61B ($662M) vs a loss of ¥198B last year and consensus for a loss of ¥17B. Operating profit ¥34.6B vs loss of ¥8.1B a year earlier. Sales -8% to ¥1.8T. Earnings boosted by the weakening yen and the massive job cuts that Panasonic has carried out since April. Despite the surprising net profit, the company reiterates its FY forecast for a net loss of ¥765B. (PR) (Management reshuffle)

    | Feb. 1, 2013, 3:33 AM
  • Jan. 27, 2013, 2:50 AM

    Japan's government reportedly intends to carry out the first broadcast of ultra high-definition 4K TV in July next year and of 8K TV in 2016, with both dates two years ahead of schedule. It's good news for Sony (SNE), Panasonic (PC) and Sharp (SHCAF.PK), which have started selling 4K TVs. The products have four times the resolution of existing high-definition TVs.

    | Jan. 27, 2013, 2:50 AM
  • Jan. 24, 2013, 7:37 PM
    Japanese stocks move up in early trading, with export shares surging as the yen hit its lowest point against the U.S. dollar since June 2010. The Nikkei Average is currently 1.9% higher at 10,824, with blue-chip exporters once again leading gains: Sony (SNE +5.1%) upward, with Hitachi (HTHIY.PK +2.3%), Panasonic (PC +2.7%), Trend Micro (TMICY.PK +3.1%), Nissan (NSANY.PK +2.8%), Toyota (TM +2%) and currency-sensitive Mazda (MZDAY.PK +3.5%).
    | Jan. 24, 2013, 7:37 PM | 2 Comments
  • Jan. 16, 2013, 8:07 PM

    Japanese stock markets open higher, paring some losses from the previous session as the dollar regained ground against the yen overnight. The Nikkei Average rose 0.6% to 10,660, as blue-chip exporters gained ground: Sony (SNE +2%), NEC (NIPNF.PK +2.5%), Panasonic (PC +1%), Mazda (MZDAY.PK +2%), Sharp (SHCAY.PK +3.5%) and Toyota (TM +1.3%).

    | Jan. 16, 2013, 8:07 PM | 2 Comments
  • Jan. 14, 2013, 7:30 PM

    Japanese stocks move higher in early trade as investors returned from a three-day weekend to price in another big move lower in the yen. The Nikkei Average rose 1% to 10,909, with exporters leading the way again: Sony (SNE +2.4%), Panasonic (PC +2.7%), Olympus (OCPNY.PK +3.6%), Honda (HMC +1.5), Mazda (MZDAY.PK +1.5%).

    | Jan. 14, 2013, 7:30 PM
  • Jan. 10, 2013, 7:59 PM
    Japanese stocks posted strong gains in early trading on a big drop in the yen. The Nikkei Average jumped 1.6% higher to 10,825, while the Topix rose 1.4% to 901.45, topping the 900 level for the first time since the March 2011 earthquake and tsunami. With the dollar above ¥89 mark for the first time since 2010, exporters were among the top gainers: Honda (HMC +2.1%), Mazda (MZDAY.PK +4.6%), Panasonic (PC +2.3%), and Sharp (SHCAY.PK +10.2%).
    | Jan. 10, 2013, 7:59 PM
  • Dec. 10, 2012, 5:02 AM
    Panasonic (PC), Sony (SNE) and Sharp (SHCAF.PK) are selling real estate, business units, their shares in other companies, and other assets in a "garage sale" that could bring in a combined $3B. Panasonic intends to raise $1.34B by the end of March and could continue the sell-off after that. The struggling Japanese companies own fixed assets of $42B while having a combined market cap of $24B.
    | Dec. 10, 2012, 5:02 AM
  • Dec. 5, 2012, 8:01 PM
    Japanese stocks opened higher today on strong foreign buying, and exporters getting a boost from the dollar's move back above the ¥82 level. The Nikkei Average rose 0.6% to trade at 9,523, with tech and industrial names leading the advance: Sony (SNE +1.1%), Sharp (SHCAY.PK +2.2%), Honda (HMC +1.2%), Kawasaki Heavy Industries (KWHIY.PK +2.1%), Komatsu (KMTUY.PK +1.8%), Panasonic (PC +1%) and Toshiba (TOSYY +0.7%).
    | Dec. 5, 2012, 8:01 PM
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