Panasonic Corporation TYO: 6752 sprzęt RTV, elektronika użytkowa

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Panasonic to Outsource TV Production to Chinese Firm
Osaka, April 30 (Jiji Press)--Panasonic Corp. <6752> is in the final stages of realizing a plan to shift its production of small and midsize television sets to major Chinese home appliance maker TCL Corp., it was learned Friday.
The move is part of the Japanese electronics company's efforts to restructure its loss-making TV business, sources familiar with the matter said.

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Panasonic's Sales Fall below 7 T. Yen for 1st Time in 25 Yrs
Osaka, May 11 (Jiji Press)--Japanese electronics giant Panasonic Corp. <6752> has seen its annual consolidated sales fall below 7 trillion yen for the first time in 25 years.
Consolidated sales for the year through March dropped 10.6 pct from the previous year to 6,698,794 million yen, according to the company's earnings announcement Monday.

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Akcje sprzedane, współpraca trwa
Japoński koncern Panasonic ujawnił, że sprzedał w marcu akcje producenta aut elektrycznych Tesla za około 3,6 mld dolarów. Producent m.in. elektroniki chce w ten sposób uniezależnić się od amerykańskiej spółki oraz pozyskać kapitał na dalszy rozwój. Nie jest również tajemnicą, że kierownictwo obu spółek miało wcześniej konflikty.

https://www.parkiet.com/Gospodarka---Sw ... -trwa.html

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Panasonic to Stop TV Production in Brazil
Osaka, Aug. 13 (Jiji Press)--Panasonic Corp. <6752> plans to stop making television sets in Brazil by November to reduce costs, company officials said Thursday.
The move is designed to keep the Japanese electronics maker's TV operations profitable. Panasonic stopped TV production in Japan, Vietnam and India in the year ended in March.

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Panasonic raises profit outlook 12% on share valuation gain

TOKYO (Reuters) - Japan's Panasonic (OTC:PCRFY) Corp on Thursday raised its full-year operating profit outlook by 12%, helped by a share valuation gain and increased demand for automotive batteries and factory automation equipment.

Panasonic raised its profit forecast for the year to March 31 to 370 billion yen ($3.25 billion) from 330 billion yen. The prediction is higher than a mean 368.1 billion yen profit based on forecasts from 20 analysts, Refinitiv data shows.

That improved outlook was largely the result of a 58.3 billion yen gain in the value of the Japanese company's 20% stake in Blue Yonder after it bought the rest of U.S. software company for $7.1 billion in September.

That acquisition is part of a strategy by Panasonic to shift away from producing low-margin consumer electronics. The conglomerate is also expanding its auto batteries business and bolstering sales of machinery and components to manufacturing companies.

Panasonic sold its stake in Tesla (NASDAQ:TSLA) Inc for about 400 billion yen to help fund the acquisition of Blue Yonder, which uses machine learning to help companies manage their supply chains by connecting factories to warehouses and retailers.

Despite the decision to sell Tesla shares, it is seeing increased profits from its decade-old partnership supplying auto batteries to the U.S. company as global sales of electric vehicles surge amid stricter limits on carbon emissions.

The Japanese conglomerate on Monday unveiled a new large prototype battery that will help Tesla lower production costs and boost output. Tesla claims the power unit will halve battery costs and help it ramp up battery production 100-fold by 2030.

In the three months Sept. 30, Panasonic posted a profit of 96.8 billion yen compared with a profit of 92.8 billion yen a year ago. That result was worse than an estimated mean 105.9 billion yen profit from nine analyst surveyed by Refinitiv.

Profits from washing machines and other appliances, which had risen during COVID-19 pandemic lockdown, fell during the quarter by more than 90%.

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Cztery dni pracy i trzy dni weekendu. Już nawet Japończycy przechodzą na ten system pracy

Gdy Japończycy skracają czas pracy, to znaczy, że coś musi być na rzeczy. Panasonic to najnowsza japońska firma, która zerwała z japońską kulturą pracoholizmu i oferuje czterodniowy tydzień pracy

Koncern Panasonic, znany ze swojej elektroniki, jest najnowszą dużą japońską firmą, która ogłosiła wprowadzenie czterodniowego tygodnia pracy – poinformowałserwis Nikkei.
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https://www.msn.com/pl-pl/finanse/najpo ... d=msedgntp

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Panasonic to jump on metaverse bandwagon (Video)

https://www.nippon.com/en/news/ntv20220 ... video.html

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W poniedziałek Panasonic poinformował o decyzji rozpoczęcia masowej produkcji nowego akumulatora litowo-jonowego dla Tesli. Praca nad pierwszymi bateriami ruszy przed końcem marca 2024 roku.

https://www.pb.pl/panasonic-rozpocznie- ... li-1142629

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TOKYO (Reuters) - Japan's Panasonic Holdings Corp, which makes batteries for electric car maker Tesla (NASDAQ:TSLA), is finalising a decision on which U.S. state it will choose as the site for a new battery plant, a top executive said on Friday.

"We've been making various considerations, but we are starting to finalise," said Panasonic Energy Chief Executive Officer Kazuo Tadanobu, speaking to reporters during a round table event. No decision had been made yet, he added.

The Japanese conglomerate is looking at potential factory sites in Kansas and Oklahoma to supply the batteries to the U.S. electric automaker's plant in Texas, two people with knowledge of the plan have said.

Tadanobu told investors and analysts on Wednesday that the company had shipped samples of its more powerful '4680' format electric car battery to Tesla.

The 4680 format battery - 46 millimetres in width and 80 millimetres in height - is about five times bigger than those that Panasonic currently supplies, meaning the U.S. electric automaker could be able to lower production costs and boost vehicles' driving range.

Panasonic said mass production of the new battery is set to begin before the end of March 2024 at its plant in Wakayama, western Japan, before production is moved to North America.

Panasonic is looking at potential factory sites in Kansas and Oklahoma to supply the batteries to the U.S. electric automaker's plant in Texas, two people with knowledge of the plan have said.

The Japanese company has partnered with Tesla for more than a decade, supplying batteries for its first cars.

Since then, the electric automaker has diversified supply chain and brought in other firms such as China's Contemporary Amperex Technology Co (CATL) and South Korea's LG Energy Solution.

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Osaka, July 21 (Jiji Press)--Panasonic Corp. said Thursday that it will raise prices of a wide range of home appliances in stages, starting in August, citing soaring raw material prices, the yen's weakening and higher costs to procure semiconductors and other parts amid supply shortages.
In August, the Japanese electronics maker plans to raise the shipping prices of some 80 products, including refrigerators, dishwashers and electric heating carpets, by 3 pct to 23 pct.

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TOKYO (Reuters) - Japan's Panasonic Holdings Corp, whose energy unit supplies batteries to Tesla (NASDAQ:TSLA), reported a 39% drop in first-quarter profit on Thursday as demand for its home appliances and car batteries slowed after a pandemic-fuelled surge last year.

The operating profit for the three months to June 30 was 63.7 billion yen ($470.77 million), missing an estimated mean of 73.3 billion yen from nine analysts, according to Refinitiv.

Manufacturers including Panasonic are dealing with a sharp rise in raw material costs that they have not been able to fully pass on to consumers, who have tightened their spending in the face of surging inflation and growing fears of recession.

Panasonic had performed exceptionally well in the year-earlier quarter, when operating profit surged by more than 27 times.

The company in May warned of flat operating profits this business year, hurt by component shortages due to COVID-19 lockdowns in China and costs that have surged following Russia's invasion of Ukraine.

Despite the weaker quarterly result, Panasonic on Thursday stuck to its full-year operating forecast of 360 billion yen for the year to March 31.

Earlier this month, the conglomerate's energy unit Panasonic Energy Co said it had picked Kansas as the site for a new battery plant that will primarily supply batteries to Tesla, adding to a line of investments from Asian EV battery makers in the United States.

The unit is working to supply Tesla with a larger battery known as the 4680 model, starting with production in Japan in its next fiscal year.

By 2029, Panasonic plans to expand battery production capacity by three to four times, with most of the increase in North America.

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Panasonic to start building Kansas battery plant next month

TOKYO (Reuters) -Japan's Panasonic (OTC:PCRFY) Holdings Corp said on Monday it will start building a new battery plant in Kansas in November and aims to begin mass production by March 2025, targeting North America's fast-growing market for electric vehicles.

The conglomerate's energy unit said in July it had picked Kansas as the site for a new plant to supply batteries primarily to Tesla (NASDAQ:TSLA) Inc, joining other battery producers planning massive U.S. investments to qualify for new EV tax credit rules and to tap that market's potentially massive demand.

Panasonic said in a statement that it expects initial production capacity of 30 gigawatt hours per year at the new plant. That's equivalent to roughly 60% of the company's current annual EV battery production capacity in Japan and the United States.

Kansas state officials said in July the factory would create up to 4,000 jobs with investment of up to $4 billion, pending final approval by Panasonic's board, which came through on Monday.

Hirokazu Umeda, Panasonic Holdings Group chief financial officer, declined to give a specific figure for the investment at an earnings briefing on Monday, but said as a rough estimate that it would be "on a scale of more than $4 billion" .

The company said the factory would produce its 2170 model lithium-ion battery cells, which are already supplied to Tesla, but may eventually make the more advanced 4680 format battery currently under development that is about five times larger and will offer major improvements in cost and vehicle range.

"We decided to start with the 2170 model, which can be launched with a sense of certainty and speed because of the need for batteries as soon as possible," Umeda said.

Panasonic has said it would begin mass production of the 4680 model at its plant in Wakayama, in western Japan, by the end of March 2024, with expansion later to production in North America.

Umeda said the ramp up to mass production was proceeding as planned.

Panasonic on Monday also lowered its full-year operating profit forecast to 320 billion yen ($2.16 billion) from 360 billion yen for the year ending March 31. That compares with a 349.9 billion yen average forecast by 19 analysts.

Panasonic posted an 11% drop in second-quarter operating profit, but performed better than analysts' estimates.

It reported 86.1 billion yen in operating profit for the three months to end-September, versus an average 81.6 billion yen profit estimated by nine analysts, according to Refinitiv data. A year earlier, the company earned 96.8 billion yen.

Although sales rose at its energy business, operating profit fell due to rising prices for raw materials and logistics, as well as increased development expenses and fixed costs as it increased production.

Its rivals, China's CATL and South Korea's Energy Solution, posted strong battery profit growth after they passed some of their cost increases to clients.

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Panasonic cuts full-year outlook as costly raw materials weigh

TOKYO (Reuters) -Japan's Panasonic (OTC:PCRFY) Holdings Corp cut its annual operating profit forecast by 12.5% on Thursday after lower-than-expected third-quarter earnings, hit by headwinds from a slowing global economy and persistently high raw materials prices.

The company faces challenges amid a tricky outlook for global growth, as it looks to further build out its energy business, which includes making auto batteries for electric vehicle (EV) maker Tesla (NASDAQ:TSLA) Inc.

The conglomerate slashed its operating profit forecast to 280 billion yen ($2.18 billion) for the financial year to Mar. 31, from 320 billion yen, in part due to a less rosy outlook for its industry segment this quarter.

It expects to invest up to about 600 billion yen in the three years through March 2025 in a new battery plant it started building in Kansas last year, Group Chief Financial Officer Hirokazu Umeda told an online earnings presentation.

Panasonic said in presentation materials it will aim to grow profits in automotive batteries by expanding sales of its 2170 model lithium-ion battery cells and commercialising the more advanced 4680 format battery.

The company's energy unit last month signed an agreement with Lucid Group Inc to supply lithium-ion batteries for the EV maker's full lineup, including its "Air" luxury model.

The company also said it aimed to begin supplying the 4680 format battery to the North American market in the financial year through March 2024 to commercialise this model of battery cells.

Panasonic's third-quarter result, with its operating profit rising 16% to 84.4 billion yen in the three months ended Dec. 31, fell short of a mean estimate of 95.31 billion yen profit from nine analysts.

Jefferies analysts said in a note before the earnings release that the company's overly diverse business portfolio lacked focus and was centred on low-margin, cyclical businesses.

Most investors were focused on more clarity and details about U.S. Inflation Reduction Act benefits for Panasonic's EV battery cell production, such as the size and sustainability of subsidies, the analysts added.

The energy business' operating profit fell nearly half to 28.9 billion yen for the nine months through the end of December, hit mainly by high prices for raw materials and transport, despite a 25% rise in sales over the period.

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Panasonic Forecasts Record Net Profit in FY 2023
Osaka, May 10 (Jiji Press)--Japanese electronics giant Panasonic Holdings Corp. said Wednesday that its consolidated net profit for fiscal 2023 is expected to rise 31.8 pct from the previous year to a record 350 billion yen.
The bottom line will be pushed up by 100 billion yen in the year ending in March 2024 because the company's electric vehicle battery plant in the U.S. state of Nevada is set to receive subsidies under the U.S. Inflation Reduction Act.

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Panasonic plans two or more new battery factories in North America by 2030

TOKYO (Reuters) -Japan's Panasonic (OTC:PCRFY) Holdings Corp aims to ramp up its production capacity for 4680 battery cells by 2030 by building two or more new factories in North America, it said on Thursday, as it seeks to supply the growing electric vehicle (EV) market.

The company, whose energy unit makes batteries for EV maker Tesla (NASDAQ:TSLA) Inc, seeks to boost its auto battery capacity to 200 gigawatt hours per year by March 2031, about four times its level at the end of March, it said in a presentation on its website.

Panasonic plans to build at least two new factories for 4680 battery production in North America, a spokesperson confirmed to Reuters.

Panasonic has yet to decide where in North America it will add the production capacity, said the company's Group Chief Executive Officer Yuki Kusumi.

"It could be Nevada, it could be Kansas or it could be somewhere else," Kusumi said during a press conference after giving a presentation about the company's strategy.

Panasonic is running a pilot 4680 production line at its Wakayama factory in Japan, while Tesla is already producing the 4680 battery cells, which Tesla CEO Elon Musk has touted as being key to making cheaper and compelling electric cars.

Panasonic will also set up two other new sites to deepen its battery know-how in Japan over the next two years.

One is a production technology facility it will establish in Osaka city in 2024, and the other is a site for development of new and next-generation batteries and battery materials it plans to set up in 2025 in neighbouring Kadoma city.