• Thu
  • Dec 18, 2014
  • Updated: 4:46pm

Panasonic

Panasonic was founded in 1918, and is now one of Japan’s largest electronics group and in 2012 was its biggest corporate employer. It is one of the world’s top five television makers and one of the world’s top 20 semiconductor manufacturers.

Panasonic offers pollution premium on top of pay for staff sent to China

Panasonic is believed to be the first to announce a premium to compensate for polluted air. Photo: Reuters

Japanese electronics giant Panasonic said yesterday it would pay employees sent to China a wage premium to compensate for the country's hazardous air pollution, in a possible first for an international company.

Friday, 14 March, 2014, 1:10pm

Pay rises at Japan’s top firms will be blunted by rise in sales tax

Big firms may raise base pay for their workers but then put pressure on suppliers to cut costs, forcing them to keep their workers' wages in check. Photo: AFP

Big Japanese companies such as Toyota Motor will offer the most generous pay raises in years on Wednesday, but workers will still struggle to offset a sales tax increase next month, highlighting the difficulties the government is facing in overcoming entrenched deflation.

12 Mar 2014 - 3:28pm

Panasonic appoints first woman to board

Hiroko Ota

Panasonic named the first female board member in its 95-year history while trimming the executive ranks as the electronics company tries to lower costs and speed up decision-making after a record annual loss.

2 Mar 2013 - 4:17am

Renesas to sell US$1.8b in shares to Japan fund, companies

Japanese chipmaker Renesas is to receive almost US$2 billion after selling shares to a government-backed fund and a group of corporates, including Micron Technology, Toyota Motor, Nissan Motor, Panasonic, Nikon and Canon. Photo: Reuters

Renesas Electronics, the ailing Japanese chipmaker, will sell at least 150 billion yen (US$1.8 billion) of new shares to a government-backed fund and customers as part of a bailout plan.

10 Dec 2012 - 3:44pm

Japanese science students snub Sony jobs in favour of dairies

A shelf is packed with dozens of different kinds of soy sauces at Tokyo's Matsuya department store. After decades of gravitating directly into the country’s electronics, computing and carmaking sectors, Japanese science graduates are now more likely to help formulate the next big selling yoghurt. Photo: AP

Japan’s science students are eschewing traditional high-powered employers such as Sony and Panasonic to help make ice cream and yogurt.

They are applying to dairies. That says quite a bit about the current state of Japan -- and, some say, its future.

10 Dec 2012 - 2:16pm

Junk rating for bleeding Sony and Panasonic

Chief executive Kazuo Hirai

Sony and Panasonic, the Japanese electronics makers reeling from record losses, have had their long-term credit ratings downgraded to junk by Fitch Ratings, citing a weak recovery in the television market.

Sony's rating was cut by three levels to BB-, three steps below investment grade, with a negative outlook, Fitch said yesterday.

23 Nov 2012 - 2:21am

Fitch cuts ratings on Panasonic, Sony to junk

A woman walks past a Sony Corp flat-screen TV at the company's headquarters in Tokyo. Photo: Reuters

Japan’s embattled electronics sector suffered another blow on Thursday as ratings agency Fitch downgraded industry titans Sony and Panasonic to junk status.

The agency slapped a speculative rating on each firm, pointing to their weak balance sheets and declining position in the global electronics sector.

22 Nov 2012 - 3:54pm

Japan’s electronics sector in race against time

The Japanese electronics industry made huge investments in flat-screen televisions only to see prices plunge in an intensely competitive market Photo: AFP

Japan’s battered electronics giants are in a race against time, analysts say, as losses that threaten their very survival mount and as overseas rivals look like they are running away with the show.

29 Aug 2013 - 4:13am

Briefs, November 1, 2012

Investors OK takeover bid by News Corp

1 Nov 2012 - 4:48am

Panasonic to lose US$9.6b this year

Panasonic and other Japanese exporters are struggling under the weight of a strong yen and weak global economy while having to contend with fierce competition from tough competition from companies like Samsung Electronics and Apple. Photo: AFP

Panasonic said Wednesday it would book a mammoth US$9.6 billion net loss in the fiscal year to March as the Japanese consumer electronics giant undergoes a major overhaul of its troubled business.

While the firm said it would achieve an operating profit, restructuring costs and writedowns would see it post the whopping 765 billion yen shortfall.

31 Oct 2012 - 3:58pm

Chinese workers destroy Panasonic factory from within

Photos of factory floor sabotage

18 Sep 2012 - 9:56am

Sea change on way for those wasting corporate boxes

Sunday's HK$200 million year-on-year increase in turnover for the Panasonic Cup meeting was yet another in a series of towering rises this season, as the juggernaut momentum of recent years rolls on.

It wasn't so long ago that executive director of racing Bill Nader was proudly forecasting about a season featuring 10 HK$1 billion turnover days.

16 Nov 2011 - 12:00am

Panasonic Lumix DMC-FP8

Panasonic's Lumix series of digital cameras are known for a couple of things - its Leica lens and the fact that it was one of the first to introduce wide-angle lens in compact models.

11 Sep 2009 - 12:00am

NTT Docomo P-01A

There was a time when Japan had the coolest phones in the world - but you couldn't use them anywhere else but Japan. But with 3G, all that has changed. It's also how models developed by NTT Docomo, such as the P-01A, are finding their way to Hong Kong stores.

8 Feb 2009 - 12:00am

O'Sullivan's Fellowship ready to show his best

It has been a slow start for the Paul O'Sullivan stable but the New Zealander can turn things around in style at Sha Tin today with a form reversal from Fellowship to win the Panasonic Cup (1,600m).

3 Nov 2007 - 12:00am

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