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Panasonic Corp. ADR (PCRFY)

- OTCPK - Current
  • 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 | Comment!
  • 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 | Comment!
  • 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 | Comment!
  • 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 | Comment!
  • 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 | Comment!
  • Dec. 5, 2012, 7:13 AM
    European regulators slap a group of electronics firms, including Philips Electronics (PHG), Samsung (SSNLF.PK), and Panasonic (PC), with steep fines over allegations the group effectively ran two different cartels for television and computer tubes on the continent for over 20 years. The commission calls the cartels amongst the "most organized" it has ever investigated as it tags the firms with combined fines of close to $1.92B.
    | Dec. 5, 2012, 7:13 AM | 1 Comment
  • Nov. 22, 2012, 6:10 AM
    Fitch cuts Sony's (SNE) and Panasonic's (PC) debt ratings to junk status, chopping Sony three notches to BB minus and Panasonic two notches to BB. It's not a big surprise given the troubles the firms are experiencing, although Sumitomo Mitsui's Masahi Oda reckons Fitch's move is too negative. "Both Sony and Panasonic are struggling to generate operating profits, but each is restructuring and I don't envision the current situation continuing," Oda says.
    | Nov. 22, 2012, 6:10 AM | Comment!
  • Nov. 14, 2012, 3:27 AM
    Panasonic (PC) will slash another 10,000 jobs by the end of the fiscal year ending in March, adding to the reduction of 36K employees last FY, CFO Hideaki Kawai tells Reuters. While the company expects to lose ¥10B this FY, it aims to make an operating profit of ¥200B ($2.52B) next FY. However, Panasonic probably won't meet its goal for an operating profit margin of 5% within three years.
    | Nov. 14, 2012, 3:27 AM | Comment!
  • Nov. 7, 2012, 8:19 PM
    LG Electronics (LGEAF.PK), Panasonic (PC) and Royal Philips Electronics (PHG) are all facing potential fines in Europe for allegedly fixing prices of cathode-ray tubes. Other manufacturers, including Toshiba, have also been asked to meet with E.U. officials prior to a preliminary decision, and may also be facing fines of up to 10% of annual sales.
    | Nov. 7, 2012, 8:19 PM | 1 Comment
  • Nov. 1, 2012, 6:06 AM
    Panasonic (PC) plunged 20% in Tokyo today, the most in nearly 38 years, following the electronics giant's dismal FQ2 earnings report yesterday, when it forecast an FY net loss of $9.6B. Moody’s says it will review the company’s Baa1-rated debt for a potential downgrade. Analysts are urging Panasonic to cut yet more jobs, but the company has no plans to do so in significant numbers.
    | Nov. 1, 2012, 6:06 AM | Comment!
  • Oct. 31, 2012, 3:34 AM
    More on Panasonic (PC) FQ2: To write off ¥238B ($2.99B) in goodwill related to mobile phone, solar panels and small lithium batteries operations. Now predicts FY net loss of ¥765B vs July guidance for a profit ¥50B, operating profit of ¥140B vs ¥260B prior. The writedowns come as new boss Kazuhiro Tsuga cleans house and prepares a turnaround plan.
    | Oct. 31, 2012, 3:34 AM | Comment!
  • Oct. 31, 2012, 3:27 AM
    Panasonic (PC): FQ2 net loss widens to ¥697.98B ($8.77B) from ¥105.8B last year vs forecasts for a profit of ¥3.85B; operating profit +16% to ¥48.8B vs consensus of ¥55.6B; revenue -12% to ¥1.82B. Earnings hurt by weak sales of consumer electronics products and large restructuring costs. (PR)
    | Oct. 31, 2012, 3:27 AM | Comment!
  • Oct. 25, 2012, 2:22 PM
    Big screen TVs are making a comeback as consumers pass on 3D TVs and play a waiting game to buy connected devices that can function for sports and other live events. The NPD Group estimates sales in the U.S. of TVs 55 inches and bigger grew at a 28% clip in H1 of 2012 after seeing flat sales, due to lowee prices, in the recent past. Big screen manufacturers hoping for a boom: Samsung (SSNLF.PK), Sony (SNE), Panasonic (PC).
    | Oct. 25, 2012, 2:22 PM | Comment!
  • Oct. 17, 2012, 8:24 PM
    Japanese stocks move higher out of the gate, as data-inspired gains for the dollar versus the yen gives a boost to exporters. The Nikkei Average added 0.9% to 8,888. Currency-sensitive exporters mostly rallied: Sony (SNE +2%), Panasonic (PC +2.2%), Renesas Electronics (RNECY.PK +3.6%), Toyota (TM +1.3%), Honda (HMC +2.2%) and Canon (CAJ +1.7%).
    | Oct. 17, 2012, 8:24 PM | Comment!
PCRFY vs. ETF Alternatives
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.
Country: Japan