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Panasonic
Panasonic Holdings Corporation is a Japanese multinational electronics manufacturer, headquartered in Kadoma, Japan. It was founded in 1918 as Matsushita Electric Housewares Manufacturing Works in the Fukushima ward of Osaka by Kōnosuke Matsushita. The company was incorporated in 1935 and renamed Matsushita Electric Industrial Co., Ltd., and changed its name to Panasonic Corporation in 2008. In 2022, it reorganized as a holding company and adopted its current name.
In addition to consumer electronics, for which it was the world’s largest manufacturer in the late 20th century, Panasonic produces a wide range of products and services, including rechargeable batteries, automotive and avionic systems, industrial equipment, as well as home renovation and construction. The company is listed on the Tokyo Stock Exchange and is a constituent of the Nikkei 225 and TOPIX 100 indices, with a secondary listing on the Nagoya Stock Exchange.
From 1925 to October 1, 2008, the company's corporate name was "Matsushita Electric Industrial Co." (MEI). On January 10, 2008, the company announced that it would change its name to "Panasonic Corporation", in effect on October 1, 2008, to conform with its global brand name "Panasonic". The name change was approved at the shareholders' meeting on June 26, 2008.
In 2022, Panasonic announced a reorganization plan which split the company into Panasonic Holdings Corporation (the former Panasonic Corporation) and conversion of its divisions into subsidiaries; the Lifestyle Updates Business Division being the division that took the Panasonic Corporation name after the reorganization. The reorganization took effect on April 1, 2022.
Panasonic Corporation currently sells virtually all of its products and services worldwide under the Panasonic brand, having phased out the Sanyo brand in the first quarter of 2012. It uses the marketing slogan "A Better Life, A Better World". The company has sold products under a number of other brand names during its history.
In 1927, Matsushita adopted the "National" brand name for a new lamp product. In 1955, the company began branding audio speakers and lamps as "PanaSonic" for markets outside of Japan. Further refined to Panasonic, taken from the words "pan" – meaning "all" – and "sonic" – meaning "sound", the brand was created for the Americas because the National brand was already registered by others. Panasonic also sold the first bread machine.
The company began to use the brand name "Technics" in 1965 for audio equipment. The use of multiple brands lasted for some decades. While National had been the premier brand on most Matsushita products, including audio and video, National and Panasonic were combined as National Panasonic in 1997 after the worldwide success of the Panasonic name.
In 1974, Motorola sold its Quasar brand and facilities to Matsushita.
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Panasonic
Panasonic Holdings Corporation is a Japanese multinational electronics manufacturer, headquartered in Kadoma, Japan. It was founded in 1918 as Matsushita Electric Housewares Manufacturing Works in the Fukushima ward of Osaka by Kōnosuke Matsushita. The company was incorporated in 1935 and renamed Matsushita Electric Industrial Co., Ltd., and changed its name to Panasonic Corporation in 2008. In 2022, it reorganized as a holding company and adopted its current name.
In addition to consumer electronics, for which it was the world’s largest manufacturer in the late 20th century, Panasonic produces a wide range of products and services, including rechargeable batteries, automotive and avionic systems, industrial equipment, as well as home renovation and construction. The company is listed on the Tokyo Stock Exchange and is a constituent of the Nikkei 225 and TOPIX 100 indices, with a secondary listing on the Nagoya Stock Exchange.
From 1925 to October 1, 2008, the company's corporate name was "Matsushita Electric Industrial Co." (MEI). On January 10, 2008, the company announced that it would change its name to "Panasonic Corporation", in effect on October 1, 2008, to conform with its global brand name "Panasonic". The name change was approved at the shareholders' meeting on June 26, 2008.
In 2022, Panasonic announced a reorganization plan which split the company into Panasonic Holdings Corporation (the former Panasonic Corporation) and conversion of its divisions into subsidiaries; the Lifestyle Updates Business Division being the division that took the Panasonic Corporation name after the reorganization. The reorganization took effect on April 1, 2022.
Panasonic Corporation currently sells virtually all of its products and services worldwide under the Panasonic brand, having phased out the Sanyo brand in the first quarter of 2012. It uses the marketing slogan "A Better Life, A Better World". The company has sold products under a number of other brand names during its history.
In 1927, Matsushita adopted the "National" brand name for a new lamp product. In 1955, the company began branding audio speakers and lamps as "PanaSonic" for markets outside of Japan. Further refined to Panasonic, taken from the words "pan" – meaning "all" – and "sonic" – meaning "sound", the brand was created for the Americas because the National brand was already registered by others. Panasonic also sold the first bread machine.
The company began to use the brand name "Technics" in 1965 for audio equipment. The use of multiple brands lasted for some decades. While National had been the premier brand on most Matsushita products, including audio and video, National and Panasonic were combined as National Panasonic in 1997 after the worldwide success of the Panasonic name.
In 1974, Motorola sold its Quasar brand and facilities to Matsushita.
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