Fiscal 2019 Financial Results
Fiscal 2020 Financial Forecast
May 9, 2019
Panasonic Corporation
Notes: 1. This is an English translation from the original presentation in Japanese.
2. In this presentation, “Fiscal 2019" or "FY19" refers to the year ended March 31, 2019.
In addition, “Fiscal 2020” or “FY20” refers to the year ending March 31, 2020.

Fiscal 2019 Financial Results
Fiscal 2020 Financial Forecast

Copyright (C) 2019 Panasonic Corporation All Rights Reserved.

FY19 Full-Year Results
・ Same level of sales as previous year
・ Overall operating profit and net profit increased due to partial revision of pension scheme andtemporary profit including disposal of assets, despite decreased profits in automotive,
industrial and consumer electronics businesses, along with recording restructuring expenses（yen: billions）

FY19(e)

FY19

FY18

8,002.7

7,982.2±0%(+1%)*+20.5

8,100.0

-97.3

411.5

380.5

+8%

+31.0

385.0

+26.5

Other income/loss **

84.5

-20.7

-

+105.2

60.0

+24.5

Non-operating income/loss

5.0

-1.9

-

+6.9

0.0

+5.0

Profit before income taxes

416.5

378.6

+10%

+37.9

385.0

+31.5

attributable to Panasonic
Corporation stockholders

284.1

236.0

+20%

+48.1

250.0

+34.1

ROE

15.7%

14.4%

-

+1.3％

-

-

1 US dollar

111 yen

111 yen

1 Euro128 yen

130 yen1 Renminbi

16.5 yen

16.8 yen

Sales
Operating profit

Net profit

Exchangerates

vs. FY18 / Difference(As of Feb. 4, 2019)

Difference* In real terms excluding the effect of exchange rates** Other income/loss = Other income (expenses) +Share of profit investments accounted for using the equity method

2

Fiscal 2019 Financial Results / Fiscal 2020 Financial Forecast

FY19 Operating Profit & Net Profit(yen: billions)

FY19
Operating profit

vs. FY18

vs. forecast *

411.5

+31.0

+26.5

Non-operating income/loss

5.0

+6.9

+5.0

Profit before income taxes

416.5

+37.9

+31.5

Income taxes-113.8+12.8-

Net profit

302.7

+50.7

-

Net profit attributable to Panasonic
Corporation stockholders

284.1

+48.1

+34.1

Net profit attributable to non-controllinginterests

18.6

+2.6

-

* Difference from forecast as of February 4, 2019

Fiscal 2019 Financial Results / Fiscal 2020 Financial Forecast

Copyright (C) 2019 Panasonic Corporation All Rights Reserved.

3

FY19 Results by Segment(yen: billions)

Sales

Operating profit

vs. FY18

vs.
forecast**

In realterms*

Other income/loss

vs.

vs. FY18 forecast**

vs. FY18

vs.
forecast **Appliances

2,750.6

-1%

-1%

-17.4

85.9

-21.9

-4.1

2.2

-1.3

+0.2

Eco Solutions ***2,036.1

+4%

+5%

+6.1

64.6

-16.6

-28.4

-25.3

-18.4

-27.3

Connected Solutions

1,127.7

+2%

+2%

+7.7

94.4

-9.2

+6.4

-5.5

-7.2

-3.5

Automotive &Industrial Systems

2,983.1

+6%

+7%

-1.9

56.4

-37.0

-10.6

4.6

+13.8

+4.6

309.5

-3%

-

-0.5

1.4

-0.6

+1.4

-2.5

-4.2

-2.5

Eliminations andadjustments-1,204.3

-

-

-91.3

108.8

+116.3

+61.8

111.0

+122.5

+53.0

Total

8,002.7

±0%

+1%

-97.3

411.5

+31.0

+26.5

84.5

+105.2+24.5

Appliances (production
and sales consolidated)

2,832.8

-1%

-1%

-37.2

83.5

-23.6

-4.5

2.1

-1.3

+0.1

Other **** In real terms excluding the effect of exchange rates** Difference from forecast as of February 4, 2019*** PanaHome became a fully-owned subsidiary in FY18 and was renamed Panasonic Homes in April 2018. In FY19, it was transferred from Other to Eco Solutions.

4

Fiscal 2019 Financial Results / Fiscal 2020 Financial Forecast

FY19 Operating Profit Analysis by Segment (Difference from forecast)*(yen: billions)

Profit generated from business: +2.0

Other income/loss: +24.5

Disposal of Business restructuringassets, etc.
expenses, etc.
+30.0
-5.5

AIS

385.0

CNS

-15.2

+9.9

[Breakdown]• Impairment lossof solar, etc.: -45.5• Factored-in risks as ofFebruary forecast:+40.0

Improvements in
Avionics, etc.
Impact from sales
decrease of automotive
cylindrical batteries andIndustrial, etc.

FY19 (e)(as of Feb. 4)

411.5

Others
+7.3

+26.5

FY19
* Difference from forecast as of February 4, 2019

Fiscal 2019 Financial Results / Fiscal 2020 Financial Forecast

Copyright (C) 2019 Panasonic Corporation All Rights Reserved.

5

FY19 FCF, Net Cash and Dividends(yen: billions)

FY19

FY18

vs. FY18

FCF

10.3

-35.6

+45.9

(Excluding strategic
investment)(95.8)(132.7)(-36.9)-176.8

-91.9

-84.9

30 yen30 yen-Net cash(End of fiscal year)

Dividends(Annual)Fiscal 2019 Financial Results / Fiscal 2020 Financial Forecast

Fiscal 2019 Financial Results
Fiscal 2020 Financial Forecast

Copyright (C) 2019 Panasonic Corporation All Rights Reserved.

6

FY20 Forecast Summary

Execution of business portfolio reformin first year of new Mid-term strategy• Overall sales expected to decrease
due to sales decrease in Industrial Solutions
along with factors such as impact of business portfolio reform• Operating profit and net profit* expected to decrease
due to restructuring expenses, along with factoring inbusiness risks* Net profit attributable to Panasonic Corporation stockholders

8

Fiscal 2019 Financial Results / Fiscal 2020 Financial Forecast

FY20 Full-Year Forecast(yen: billions)

FY19

FY20 (e)vs. FY19 / Difference

7,900.0

8,002.7

-1%
* *
(-1%)

-102.7

300.0

411.5

-27%

-111.5

Other income/loss

0.0

84.5

－

-84.5

Non-operating income/loss

-10.0

5.0

－

-15.0

Profit before income taxes

290.0

416.5

-30%

-126.5

Net profit attributable to Panasonic
Corporation stockholders

200.0

284.1

-30%

-84.1

ROE

10.1%

15.7%

-

-5.6%

Sales
Operating profit

Exchangerates

1 US dollar

110 yen

1 Euro125 yen1 Renminbi

16.5 yen* In real terms excluding the effect of exchange rates

Fiscal 2019 Financial Results / Fiscal 2020 Financial Forecast

Copyright (C) 2019 Panasonic Corporation All Rights Reserved.

9

FY20 Operating Profit Analysis(yen: billions)
Other income/loss: -84.5

Profit generated from business: -27.0

411.5

-24.0
-10.0

-44.8

Sales
increase/decrease Effect of(excluding effect of
exchangeexchange rates)

rates

Fixed cost
(Automotive
Batteries)

+44.8

+7.0

Rationalization/
Product mix,etc.
Fixed cost
(Others)

300.0
One-off
income/loss
in FY19, etc.

Gain from Restructuringbusiness expenses, etc.
transfer, etc.

-111.5

FY19

FY20

10

Fiscal 2019 Financial Results / Fiscal 2020 Financial Forecast

FY20 Forecast by Segment(yen: billions)
Sales

vs. FY19

Excl. effect of
exchange rates

Operatingprofitvs. FY19

Other
income/loss

vs. FY19

Appliances

2,770.0

+1%

+2%

76.5

-9.1

-7.5

-9.5

Life Solutions

1,950.0

-4%

-4%

162.0

+97.4

74.5

+99.8

Connected Solutions

1,150.0

+2%

+3%

87.0

-7.4

-2.0

+3.5

Automotive

1,577.0

+4%

+4%

-15.0

-2.9

-4.5

-4.2

Industrial Solutions

1,360.0

-4%

-4%

70.0

+1.4

-9.0

-14.0

300.0

-2%

ー

0.0

-1.7

-2.0

+0.3

Eliminations and adjustments-1,207.0

ー

ー

-80.5

-189.2-49.5-160.3

Total

7,900.0

-1%

-1%

300.0

-111.50.0-84.5

Appliances (production andsales consolidated)

2,850.0

+1%

+1%

76.5

-6.7

-7.5

-9.5

Other

Fiscal 2019 Financial Results / Fiscal 2020 Financial Forecast

Copyright (C) 2019 Panasonic Corporation All Rights Reserved.

11

Segment Information

Appliances(production and sales consolidated)

Overview

Summary

Sales
composition(yen: billions)
FY20(e)vs. FY19/
Difference

Commercial+1% Refrigeration&*
Food
Equipment
(+1%)

Sales

2,850.0

OP

76.5(2.7%)

-6.7

-7.5

-9.5

Other
income/loss

Heating

SolutionsHome
Appliances

Smart
Life
Network（yen: billions） Smart Life
Network

2,817.8

Commercial
Refrigeration &Food Equipment

Effect ofexchange
rates

Heating andCooling
Solutions・ Increase sales driven by commercial-use airconditioning in overseas markets (e.g. China.) andhot water heating systems in Europe
・ Increase profitability by strengthening costcompetitiveness of room air-conditioner

Smart Life
Network・ Accelerate shift to high-end products
・ Optimized operation of development,
manufacturing and sales to reduce costs andimprove profitability

HomeAppliances

・ Increase sales including washing machines mainly
in China and Asia
・ Strengthen cost-competitiveness by accelerating
global common use of designs and components

2,850.0

Devices,
OthersHome
Appliances

Heating andCooling
SolutionsOP

Strategies by business* In real terms excluding the effect of exchange rates

Sales analysis

Sales

Devices, andOthers Cooling

Maintains same level as previous year. Sales
decreases (e.g. TV) offset sales increases in
China (e.g. air-conditioner and white goods)
and Asia (e.g. air-conditioner), where we’restrengthening sales.
Decreases overall, mainly impacted byfactored-in market risks and businessrestructuring expenses, while we aim for
improving profitability in each business bystrengthening cost-competitiveness in addition
to the sales expansion of air-conditioner andwhite goods in China and Asia.

・ Increase sales in North America mainly by

FY19

FY20 (e)strengthening small store channels.
Commercial
・ Enhance profitability in Japan by changing
Refrigeration
business portfolio (e.g. shift to commercial kitchen& Foodequipment and solutions business from
Equipment
conventional display showcases and hardwareoriented businesses)

12

Fiscal 2019 Financial Results / Fiscal 2020 Financial Forecast

Segment Information

Life Solutions

Overview

Sales
composition(yen: billions)
FY20(e)Sales

vs. FY19/
Difference-4%(-4%)*

1,950.0
162.0(8.3%)OP
Other
income/loss

+97.4

74.5

+99.8

OthersEnergySystems
Housing
Systems* In real terms excluding the effect of exchange rates

Sales analysis

Unconsolidation
impact ofPanasonic Homes（yen: billions）

2,036.1
Lighting

Housing
Systems

EnergySystems

FY19

OthersPanasonic
Ecology
Systems（PES）

Effect ofexchange
rates

1,950.0

FY20 (e)Sales

Increases in electrical construction materials business(e.g. wiring devices and lighting equipment) due to sales
expansion in high-growth markets including China andIndia.
Decreases overall due to impact of Panasonic Homes
becoming unconsolidated in relation to establishment of
town development JV (announced today.)OP

Increases overall due mainly to gains from business
transfer associated with establishment of town
development JV.

Lighting

Panasonic
Homes
Panasonic
Ecology
Systems

Summary

FY20 (e)Strategies by business
LS Company

Aim to increase profit through overseas sales
expansion of electrical construction materials
business.
Strengthen solutions business in Japan to benefit
from the stable non-housing market

Lighting

Increase overseas sales, mainly in India andIndonesia.
Increase profitability in Japan by increasing salesof premium products and rationalization.

EnergySystems

Accelerate growth through expansion of sales
channels (e.g. wiring devices) and strengthen local
product development functions mainly in India and
ASEAN.

Housing
Systems

Enhance profitability by increasing sales in mid-tohigh end water-related products, mainly for
remodeling market.

Panasonic
Ecology
Systems

Accelerate growth by expanding overseas sales inventilation systems and develop non-housing
market (e.g. shops and hotels.)

Panasonic
Homes

Create new value for the whole town by integrating
initiatives for ‘Lifestyle’ updates and mobility
services.

(Excl. unconsolidation impact)
Fiscal 2019 Financial Results / Fiscal 2020 Financial Forecast

Copyright (C) 2019 Panasonic Corporation All Rights Reserved.

13

Segment Information

Connected Solutions

Overview

Sales
composition(yen: billions)
FY20 (e)vs. FY19/
Difference

Sales

1,150.0+2%(+3%)*

OP

87.0(7.6%)-7.4

Summary
Sales

Increases driven mainly by PSSJ andProcess AutomationOP

Decreases overall due to increasing
investments to strengthen solution service
businesses, while sales increases mainly in
PSSJ offset deteriorating product mix in
Avionics affected by demand cycle for large
aircraft.

OthersAvionics**

PSSJ

Process
Automation** Panasonic System Solutions Japan Co., Ltd.
MobileSolutions Media
Strategies
by business
Other
Entertainment
-2.0
+3.5
Develop new markets for in-flightincome/loss
entertainment system business. Enhance
Avionics* In real terms, excluding the effect of exchange rates.
digital solutions & service business.
Expand existing businesses andEffect ofmanufacturing process service business
Sales analysis
exchange
Process(e.g. manufacturing consultation andAutomation(yen: billions)rates
providing solutions for manufacturing
PSSJ Others
operational management.)
Process
1,150.0
Increase product line-up for the highMobile
Automationbrightness category in projector business.
Media
Solutions
Prioritize to allocate resources to remote
Avionics
Entertainment
camera systems in production camera
1,127.7
business.
Media
Entertainment
Further improve profitability of hardware
Mobilebusiness (e.g. rugged mobile terminals.)
Solutions
Expand software and service businesses.

Continue to pursue opportunities in
Olympic-related demands. Expand
businesses that provide solutions to social
issues (e.g. inspection services for aging
infrastructure and store solutions addressing
labor shortage, etc.)

PSSJ

FY19

FY20 (e)14

Fiscal 2019 Financial Results / Fiscal 2020 Financial Forecast

Segment Information

Automotive
Summary

Sales
composition

Overview(yen: billions)
FY20 (e)vs. FY19/
Difference

Sales

1,577.0+4%(+4%)*

OP-15.0(-1.0%)

-2.9

-4.5

-4.2

Other
income/loss

OthersAutomotive
Batteries

Sales

Automotive
Solutions

Sales analysis

1,523.2

Automotive
Batteries

OthersOP

Strategies by business* In real terms excluding the effect of exchange rates(yen: billions)

Decreases impacted by productcycle trend, such as the sales peakending for large-scale projects with
US customers.
Expecting growth from investment toAutomotive
increase production of bothBatteries
prismatic and cylindrical types.
Unprofitable overall due to increased fixed costs
related to mass production ramp-up in prismaticbattery factories in Dalian and Himeji, despitesales increase of Automotive Batteries andrationalization effect.
Automotive
Solutions

Effect ofexchange
rates

1,577.0

Automotive
Solutions

FY20 (e)FY19
Fiscal 2019 Financial Results / Fiscal 2020 Financial Forecast

Copyright (C) 2019 Panasonic Corporation All Rights Reserved.

Shift to strategically advantageous regions andproducts and revitalize through management
reform placing priority on profit growth.
Automotive ・ Improve profit for European projects facing
challenges
Solutions・ Reduce fixed cost mainly development costs
・ Focus on projects enabling “Co-creation” withcustomers in advantageous areas[Prismatic]
Upfront investments for future growth・ Start mass production of batteries for PHEV &EV at Himeji factory and improve productivity
at early stage.
Automotive
・ Expand production and improve efficiency atBatteries
Dalian factory. Achieve profitability at earlystage through labor-saving initiatives.
[Cylindrical]
Improve profitability by increasing productivity
and utilization at factory in North America.
Grouping of Businesses whose sales are disclosed[Automotive Solutions] Automotive Infotainment Systems, HMI Systems,
Automotive Systems, Ficosa[Automotive Batteries] Automotive Energy, Tesla Energy

15

Segment Information

Industrial Solutions
Summary

Sales
composition

Overview(yen: billions)
FY20 (e)vs. FY19/
Difference

Sales

1,360.0-4%(-4%)*

OP

70.0(5.1%)+1.4

Other
income/loss-9.0

OthersSales

Decreases impacted by severe macro
environment (e.g. China market.)OP

Increases overall due to efforts to strengthen
management structure and improved profits insemiconductor and LCD, despite sales
decrease in Systems and decrease in otherincome/loss impacted by temporary gains inprevious year.

Systems

Strategies by business

Devices

IS Company-14.0* In real terms excluding the effect of exchange rates

Sales analysis

Systems(yen: billions)
1,422.3
Systems

Devices

1,360.0
Others***

Effect ofexchangerates

Devices

Others・ Focus on growth areas (CASE**, labor-saving
at factories, IT infrastructure) to meet societal
demands in automotive- and industrial-use
businesses.
・ Expand systems/module products and provide
optimum solutions meeting customer needs.
・ Strengthen customer-oriented overseas salesand development-structure for FA devices andin-car modules.
・ Increase top-share products in industry,
through further enhancement of productcompetitiveness.
・ Improve technological capabilities at the source(materials and processes) with conductive
capacitors for information- and communicationinfrastructure and automotive inductors, etc.
・ Improve profitability by focusing on areas
requiring expertise: space recognition andbattery applications for semiconductors,
medical and broadcasting applications for LCD.

** Connected, Autonomous, Shared, Electric

FY19

FY20 (e)*** Includes sales of semiconductor, LCD, other Divisional Company products, eliminations and others.

Grouping of businesses whose sales are disclosed[Systems] Electromechanical Control, Industrial Device, Energy Solutions[Devices] Device Solutions, Energy Device, Electronic Materials

16

Fiscal 2019 Financial Results / Fiscal 2020 Financial Forecast

Business Portfolio Reform
Improvecompetitivenessthrough
Co-creation

Agreement with Toyota Motor Corporation to establish a joint
venture related to automotive prismatic battery business(Announced on January 22, 2019)

Agreement with Toyota Motor Corporation to establish a joint
venture related to town development business (Announced today)
Optimize development & production capability of solar business(Announced today)

Improve
profitability

Radical measures for low-profitable and unprofitable businesses:• Narrowing down regions and businesses for consumer electronics• Strengthening profit structure for semiconductors, etc.
●●●

●●●

Further promotion of portfolio management
Fiscal 2019 Financial Results / Fiscal 2020 Financial Forecast

Copyright (C) 2019 Panasonic Corporation All Rights Reserved.

17

Disclaimer Regarding Forward-Looking Statements
This presentation includes forward-looking statements (that include those within the meaning of Section 27A of the U.S.
Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended) about
Panasonic and its Group companies (the Panasonic Group). To the extent that statements in this presentation do not relate
to historical or current facts, they constitute forward-looking statements. These forward-looking statements are based on thecurrent assumptions and beliefs of the Panasonic Group in light of the information currently available to it, and involve known
and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause the PanasonicGroup's actual results, performance, achievements or financial position to be materially different from any future results,
performance, achievements or financial position expressed or implied by these forward-looking statements. Panasonicundertakes no obligation to publicly update any forward-looking statements after the date of this presentation. Furthermore,
figures in the presentation, at the time of the disclosure, are under the review procedure based on Financial Instruments andExchange Act. Investors are advised to consult any further disclosures by Panasonic in its subsequent filings under the
Financial Instrument and Exchange Act of Japan (the FIEA) and other publicly disclosed documents.
The risks, uncertainties and other factors referred to above include, but are not limited to, economic conditions, particularly
consumer spending and corporate capital expenditures in the Americas, Europe, Japan, China and other Asian countries;
volatility in demand for electronic equipment and components from business and industrial customers, as well as consumers
in many product and geographical markets; the possibility that excessive currency rate fluctuations of the U.S. dollar, theeuro, the Chinese yuan and other currencies against the yen may adversely affect costs and prices of Panasonic’s products
and services and certain other transactions that are denominated in these foreign currencies; the possibility of the PanasonicGroup incurring additional costs of raising funds, because of changes in the fund raising environment; the possibility of thePanasonic Group not being able to respond to rapid technological changes and changing consumer preferences with timely
and cost-effective introductions of new products in markets that are highly competitive in terms of both price and technology;
the possibility of not achieving expected results or incurring unexpected losses in connection with the alliances or mergers
and acquisitions; the possibility of not being able to achieve its business objectives through joint ventures and othercollaborative agreements with other companies, including due to the pressure of price reduction exceeding that which can beachieved by its effort and decrease in demand for products from business partners which Panasonic highly depends on in
BtoB business areas; the possibility of the Panasonic Group not being able to maintain competitive strength in many productand geographical areas; the possibility of incurring expenses resulting from any defects in products or services of thePanasonic Group; the possibility that the Panasonic Group may face intellectual property infringement claims by third parties;
current and potential, direct and indirect restrictions imposed by other countries over trade, manufacturing, labor andoperations; fluctuations in market prices of securities and other financial assets in which the Panasonic Group has holdings
or changes in valuation of non-financial assets, including property, plant and equipment, goodwill and deferred tax assets;
future changes or revisions to accounting policies or accounting rules; the possibility of incurring expenses resulting from aleakage of customers’ or confidential information from Panasonic Group systems due to unauthorized access or a detectionof vulnerability of network-connected products of the Panasonic Group; as well as natural disasters including earthquakes,
prevalence of infectious diseases throughout the world, disruption of supply chain and other events that may negatively
impact business activities of the Panasonic Group. The factors listed above are not all-inclusive and further information iscontained in the most recent English translated version of Panasonic’s securities reports under the FIEA and any otherdocuments which are disclosed on its website.
Copyright (C) 2019 Panasonic Corporation All Rights Reserved.

(Reference) FY19 Operating Profit Analysis(yen: billions)

+97.2

-56.0
-108.5

380.5

411.5

+105.2

Fixed cost
Sales increase/decrease(excluding effect of
exchange rates)-6.9
Material cost hike/
Effect ofPrice decline/
exchange
Rationalization, etc.
rates

Other
income/loss[Breakdown]Price hikes in raw materials: -45.5

+31.0

FY18

FY19

20

Fiscal 2019 Financial Results / Fiscal 2020 Financial Forecast(Reference) Businesses whose sales and OP are disclosed in FY19
(yen: billions)
Sales

Operating profit

vs. FY18
In realterms*

Air-Conditioner

vs.
forecast**

Other income/loss

vs.

vs. FY18 forecast**

vs. FY18

vs.
forecast **(Production and sales
consolidated)

495.0

+1%

+2%

-12.5

20.2

-4.4

+0.2

-0.1

-1.8

+0.2

Automotive

989.5

+7%

+7%

+16.8

6.6

-25.1

+2.2

0.4

+5.3

+0.9

Energy696.5 +24%

+24%

-18.5

6.6

-4.5

-13.5

7.9

+2.9

+1.4

Industrial

915.8

-3%

-23.3

29.7

-12.2

-6.1

-1.7

+5.7

+2.2

-3%

* In real terms excluding the effect of exchange rates** Difference from forecast as of February 4, 2019

Fiscal 2019 Financial Results / Fiscal 2020 Financial Forecast

Copyright (C) 2019 Panasonic Corporation All Rights Reserved.

21

(Reference) List of Businesses whose sales are disclosed in FY19

Appliances
(AP)

•
•
•
•

Air-Conditioner Business
Small & Built-in Appliance Business
Major Appliance Business
AVC Business• Commercial Refrigeration &Food Equipment Business

Eco Solutions(ES)

Connected
Solutions
(CNS)

•
•
•
•
•

Lighting BD
Energy Systems BD
Housing Systems BD
Panasonic Ecology Systems Co., Ltd.
Panasonic Homes Co., Ltd.

•
•
•
•
•

Avionics Business
Process Automation BD
Media Entertainment BD
Mobile Solutions BD
PSSJ• Automotive Business

Automotive &Industrial
Systems(AIS)• Energy Business• Industrial Business: Air-Conditioner Company: Kitchen Appliances BD, Beauty and Living BD: Refrigerator BD, Laundry Systems and Vacuum Cleaner BD: TV BD, Imaging Network BD, Home Entertainment BD,
Communication Products BD: Cold Chain BD, Hussmann Corporation: Panasonic Avionics Corporation, Avionics BU: Panasonic System Solutions Japan Co., Ltd.

: Automotive Infotainment Systems BD, Automotive Electronics
Systems BD, Ficosa International, S.A.
: Energy Device BD, Energy Solutions BD, Tesla Energy BD,
Automotive Energy BD: Electromechanical Control BD, Panasonic Semiconductor
Solutions Co., Ltd., Device Solutions BD, Electronic Materials BD,
Panasonic Liquid Crystal Display Co., Ltd.

22

Fiscal 2019 Financial Results / Fiscal 2020 Financial Forecast(Reference) List of Businesses whose sales are disclosed in FY20
Businesses

Appliances(AP)• Heating and Cooling Solutions• Smart Life Network• Home Appliances• Commercial Refrigeration &Food Equipment

Major Business Divisions: Heating and Cooling Solutions BD: Smart Life Network BD: Kitchen Appliances BD, Laundry Systems and Vacuum Cleaner BD,
Beauty and Personal Care BD: Cold Chain BD, Hussmann Corporation

Life Solutions
(LS)

•
•
•
•
•

Lighting
Energy Systems
Housing Systems
Panasonic Ecology Systems
Panasonic Homes: Lighting BD: Energy Systems BD: Housing Systems BD: Panasonic Ecology Systems Co., Ltd.
: Panasonic Homes Co., Ltd.

Connected
Solutions
(CNS)

•
•
•
•
•

Avionics
Process Automation
Media Entertainment
Mobile Solutions
PSSJ: Panasonic Avionics Corporation, Avionics BU: Process Automation BD: Media Entertainment BD: Mobile Solutions BD: Panasonic System Solutions Japan Co., Ltd.

Automotive(AM)• Automotive Solutions: Automotive Infotainment Systems BD, HMI Systems BD,
Automotive Systems BD, Ficosa International, S.A.

• Automotive Batteries: Automotive Energy BD, Tesla Energy BD

Industrial
Solutions(IS)• Systems: Electromechanical Control BD, Industrial Device BD,
Energy Solutions BD• Devices: Device Solutions BD, Energy Device BD, Electronic Materials BD

Note: Sales and profit of China & Northeast Asia Company are mainly included in AP and LS segments. Sales and profit of US Company are mainly included in AP and AM segments.

Fiscal 2019 Financial Results / Fiscal 2020 Financial Forecast

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