Panasonic Connect Explained

Panasonic Connect Co., Ltd.
Founded:April 1, 2022
Hq Location:Sumitomo Fudosan Shiodome Hamarikyu Bldg., 8-21-1, Ginza, Chuo-ku, Tokyo 104-0061, Japan
Key People:Yasu Higuchi (CEO)[1]
Revenue:JPY1,125.7 billion (FY2023)[2]
Operating Income:JPY20.9 billion (FY2023)[3]
Num Employees Year:Approx. 28,500 (as of April 1, 2022)[4]

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.[5] [6] [7] [8] It was formerly called Panasonic Connected Solutions Company.[9] Along with the company name change, it also adopted a new brand logo.[10] Headquartered in Tokyo, Japan, the company provides products for the supply chain, public service, infrastructure, and entertainment sectors.[11] The company has approximately 28,500 employees[12] under its umbrella with regional sales companies in North America,[13] Europe,[14] Asia,[15] and Oceania.[16]

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.[17] [18] [19] 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.[20] [21]

Notes and References

  1. Web site: Butts . Tom . 2022-04-21 . Panasonic Connect Co. Ltd. CEO Yasuyuki Higuchi Discusses Industry Trends, NAB Show . 2024-01-12 . TVTechnology . en.
  2. Web site: 2023-05-10 . Panasonic Holdings Corporation Reports Fiscal 2023 Annual Results . 2024-01-12 . Panasonic Holdings.
  3. Web site: 2023-05-10 . Panasonic Holdings Corporation Reports Fiscal 2023 Annual Results . 2024-01-12 . Panasonic Holdings.
  4. Web site: 2023-02-21 . Panasonic unit to promptly demote workers guilty of sexual harassment . 2024-01-12 . The Japan Times . en.
  5. Web site: Takeru . Tsuzuki . 2022-01-23 . Can Panasonic as a holding company revive its former glory? . 2024-01-12 . Yomiuri Shimbun . en.
  6. Web site: NOMURA ASSET MANAGEMENT . 2024-01-12 . NOMURA ASSET MANAGEMENT . en.
  7. Web site: Panasonic focuses on batteries, other 'growth areas' in shake-up . 2024-01-12 . Nikkei Asia . en-GB.
  8. Web site: 2023-12-18 . Panasonic Connect explores bolt-on buys; working with Blue Yonder – CSO . 2024-01-12 . ION Analytics Community . en.
  9. Web site: Old boys at Panasonic turn to ex-Microsoft pro . 2024-01-12 . Nikkei Asia . en-GB.
  10. Web site: 2023-08-03 . How one woman's career in sales flourished across four companies . 2024-01-12 . The Japan Times . en.
  11. Web site: Panasonic Connect . 2024-01-12 . World Economic Forum . en.
  12. Web site: 2023-02-21 . Panasonic unit to promptly demote workers guilty of sexual harassment . 2024-01-12 . The Japan Times . en.
  13. Web site: PANASONIC CONNECT NORTH AMERICA U.S. Import Activity . 2024-01-12 . www.importinfo.com.
  14. Web site: PANASONIC CONNECT EUROPE GMBH overview - Find and update company information . 2024-01-12 . find-and-update.company-information.service.gov.uk . en.
  15. Web site: PANASONIC CONNECT ASIA · 202 Bedok South Avenue 1, #01-13, Singapore 469332 . 2024-01-12 . opengovsg.com.
  16. Web site: Panasonic Connect Oceania Overview . 2024-01-12 . SignalHire.
  17. Web site: Wilson . Georgia . 2021-09-17 . Panasonic Acquires Blue Yonder, Driving Smart Supply Chains . 2024-01-12 . manufacturingdigital.com . en.
  18. Web site: Panasonic completes acquisition of Blue Yonder . 2024-01-12 . scmr.com . 2023-11-17 . https://web.archive.org/web/20231117084545/https://www.scmr.com/article/panasonic_completes_acquisition_of_blue_yonder . dead .
  19. Web site: 2021-09-17 . Panasonic acquires Blue Yonder in $7.1 billion blockbuster deal . 2024-01-12 . Chain Store Age . en.
  20. Web site: Panasonic to create supply chain specialist, take it public . 2024-01-12 . Nikkei Asia . en-GB.
  21. Web site: Panasonic to spin out public company centered on Scottsdale's Blue Yonder . 2024-01-12 . Phoenix Business Journal.

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