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Panasonic Connect

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Panasonic Connect Co., Ltd.
FoundedApril 1, 2022
HeadquartersSumitomo Fudosan Shiodome Hamarikyu Bldg., 8-21-1, Ginza, Chuo-ku, Tokyo 104-0061, Japan
Key people
Yasu Higuchi (CEO)[1]
RevenueJPY1,125.7 billion (FY2023)[2]
JPY20.9 billion (FY2023)[3]
Number of employees
 (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

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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]

References

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  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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