Panasonic

Panasonic (TSE: 6752) is a Tokyo-based diversified electronics company. It has been listed on the Tokyo Stock Exchange (TYO) since 1949, and it generated revenue of JPY 8,379 billion (~USD 62 billion) in FY2023 (year ended March 31). 

Panasonic operates under five segments. The Lifestyle segment (~42% of total revenue in FY2023) primarily includes household appliances and heating, ventilation, and air conditioning (HVAC) systems. The Automotive segment (~15%) offers automotive components such as infotainment systems, advanced driver assistance systems (ADAS), and EV systems and devices. The Connect segment (~13%) includes electronics, aircraft systems, and B2B installation/operation/maintenance services. Key offerings in the Industry segment (~14%) were electrical components and LCD panels, while the Energy segment (~12%) specializes in batteries for both EVs and general purposes. 

Panasonic operates in more than 150 countries. Japan is the company’s largest market (~39% of total revenue in FY2023), followed by the Americas (~24%), Europe (~11%), and other Asian markets (~13%). Panasonic’s medium- to long-term plans identify EBITDA as a key growth indicator, and it expects long-term annual sales growth of 10% or more and annual EBITDA growth of 20% through FY2027. Panasonic aims to reach net zero emissions by 2030.