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Panasonic Connect

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Japanese business
Panasonic Connect Co., Ltd.
FoundedApril 1, 2022
HeadquartersSumitomo Fudosan Shiodome Hamarikyu Bldg., 8-21-1, Ginza, Chuo-ku, Tokyo 104-0061, Japan
Key peopleYasu Higuchi (CEO)
RevenueJPY1,125.7 billion (FY2023)
Operating incomeJPY20.9 billion (FY2023)
Number of employees (Approx. 28,500 (as of April 1, 2022))

Panasonic Connect Co., Ltd. was established on April 1, 2022, as part of the Panasonic Group's switch to an operating company system, a move which gives authority to each company to operate independently. It was formerly called Panasonic Connected Solutions Company. Along with the company name change, it also adopted a new brand logo. Headquartered in Tokyo, Japan, the company provides products for the supply chain, public service, infrastructure, and entertainment sectors. The company has approximately 28,500 employees under its umbrella with regional sales companies in North America, Europe, Asia, and Oceania.

Main businesses

Panasonic Connect consists of consolidated business divisions and independent subsidiaries including: the Gemba Solutions Company (formerly Panasonic System Solutions Japan Co., Ltd.) responsible for sales in Japan; the Process Automation Business Division which provides electronic component mounting machines and welding equipment; the Media Entertainment Business Division which provides projectors, broadcasting cameras, and sound systems; the Mobile Solutions Business Division which provides mobile devices and PCs; Panasonic Avionics Corporation which provides in-flight entertainment systems and connectivity for commercial airlines; Zetes Industries S.A. which deals in logistics traceability and people identification services; as well as the supply chain software company Blue Yonder which became a wholly owned subsidiary in September 2021. In May 2022, the company announced plans for the preparation of a stock exchange listing of its supply chain management businesses, centering on Blue Yonder.

References

  1. Butts, Tom (2022-04-21). "Panasonic Connect Co. Ltd. CEO Yasuyuki Higuchi Discusses Industry Trends, NAB Show". TVTechnology. Retrieved 2024-01-12.
  2. "Panasonic Holdings Corporation Reports Fiscal 2023 Annual Results" (PDF). Panasonic Holdings. 2023-05-10. Retrieved 2024-01-12.
  3. "Panasonic Holdings Corporation Reports Fiscal 2023 Annual Results" (PDF). Panasonic Holdings. 2023-05-10. Retrieved 2024-01-12.
  4. "Panasonic unit to promptly demote workers guilty of sexual harassment". The Japan Times. 2023-02-21. Retrieved 2024-01-12.
  5. Tsuzuki, Takeru (2022-01-23). "Can Panasonic as a holding company revive its former glory?". Yomiuri Shimbun. Retrieved 2024-01-12.
  6. "NOMURA ASSET MANAGEMENT". NOMURA ASSET MANAGEMENT. Retrieved 2024-01-12.
  7. "Panasonic focuses on batteries, other 'growth areas' in shake-up". Nikkei Asia. Retrieved 2024-01-12.
  8. "Panasonic Connect explores bolt-on buys; working with Blue Yonder – CSO". ION Analytics Community. 2023-12-18. Retrieved 2024-01-12.
  9. "Old boys at Panasonic turn to ex-Microsoft pro". Nikkei Asia. Retrieved 2024-01-12.
  10. "How one woman's career in sales flourished across four companies". The Japan Times. 2023-08-03. Retrieved 2024-01-12.
  11. "Panasonic Connect". World Economic Forum. Retrieved 2024-01-12.
  12. "Panasonic unit to promptly demote workers guilty of sexual harassment". The Japan Times. 2023-02-21. Retrieved 2024-01-12.
  13. "PANASONIC CONNECT NORTH AMERICA | U.S. Import Activity". www.importinfo.com. Retrieved 2024-01-12.
  14. "PANASONIC CONNECT EUROPE GMBH overview - Find and update company information". find-and-update.company-information.service.gov.uk. Retrieved 2024-01-12.
  15. "PANASONIC CONNECT ASIA · 202 Bedok South Avenue 1, #01-13, Singapore 469332". opengovsg.com. Retrieved 2024-01-12.
  16. "Panasonic Connect Oceania Overview". SignalHire. Retrieved 2024-01-12.
  17. Wilson, Georgia (2021-09-17). "Panasonic Acquires Blue Yonder, Driving Smart Supply Chains". manufacturingdigital.com. Retrieved 2024-01-12.
  18. "Panasonic completes acquisition of Blue Yonder". scmr.com. Archived from the original on 2023-11-17. Retrieved 2024-01-12.
  19. "Panasonic acquires Blue Yonder in $7.1 billion blockbuster deal". Chain Store Age. 2021-09-17. Retrieved 2024-01-12.
  20. "Panasonic to create supply chain specialist, take it public". Nikkei Asia. Retrieved 2024-01-12.
  21. "Panasonic to spin out public company centered on Scottsdale's Blue Yonder". Phoenix Business Journal. Retrieved 2024-01-12.
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