Fiscal 2018 Financial Results
Fiscal 2019 Financial Forecast

May 10, 2018
Panasonic Corporation

Notes: 1. This is an English translation from the original presentation in Japanese.
2. In this presentation, “Fiscal 2018" or "FY18" refers to the year ended March 31, 2018.
In addition, “Fiscal 2019” or “FY19” refers to the year ending March 31, 2019.

Fiscal 2018 Financial Results
Fiscal 2019 Financial Forecast

Copyright (C) 2018 Panasonic Corporation All Rights Reserved.

Summary of FY18 Financial Results• Achieved both sales and profit increase in real terms(excluding the effect of exchange rates) for the firsttime in 7 years since FY11.
• Overall sales increase driven mainly by
Automotive, Energy and Process Automation.
• Operating profit and net profit* increased due mainly tostable growth in Industrial, along with improvement inother income/loss.
* Net profit attributable to Panasonic Corporation stockholders

2

Fiscal 2018 Financial Results / Fiscal 2019 Financial Forecast

FY18 Full-Year Results(yen: billions)

FY18 Forecast

FY18

FY17

7,982.2

7,343.7+9%(+6%)*+638.5

7,950.0

+32.2

380.5

276.8

+37%

+103.7

350.0

+30.5

-20.7

-66.8

-

+46.1

-45.0

+24.3

-1.9

-1.7

-

-0.2

-5.0

+3.1

Profit before income
taxes

378.6

275.1

+38%

+103.5

345.0

+33.6

Net profit attributableto Panasonic
Corporation stockholders

236.0

149.4

+58%

+86.6

210.0

+26.0

ROE

14.4%

9.9%

-

+4.5％

-

-

1 US dollar

111 yen108 yen

1 Euro130 yen

119 yen1 Renminbi

16.8 yen

16.1 yen

Sales
Operating profit
Other income/loss **Non-operating
income/loss

Exchange
rates

Fiscal 2018 Financial Results / Fiscal 2019 Financial Forecast

Copyright (C) 2018 Panasonic Corporation All Rights Reserved.

vs. FY17***(As of Feb 5, 2018)

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 method3

FY18 Sales Analysis by Business(yen: billions)+166.7 7,982.2

7,815.5
Other
Process businesses,
Automation
etc.

Industrial
EnergyAutomotive

Effect ofexchange
rates

MobileSolutions

7,343.7
New
consolidationof Ficosa

Real terms excluding
effect of exchange rates

FY17

+6%

FY18

FY18

(excluding effect of
exchange rates)* ‘List of Businesses whose sales are disclosed in FY18’ included in the end of presentation.

4

Fiscal 2018 Financial Results / Fiscal 2019 Financial Forecast

FY18 Operating Profit Analysis(yen: billions)+113.0

-62.2

+46.1
-55.0

Fixed cost

+11.0

Effect ofNew
exchangeconsolidation
rates

276.8
Sales
increase/decrease(excluding effect of
exchange rates)

+5.8

+45.0

380.5

Other
income/loss

Material
cost hike

FY17

Fiscal 2018 Financial Results / Fiscal 2019 Financial Forecast

Copyright (C) 2018 Panasonic Corporation All Rights Reserved.

Rationalization/
Business
structurechange＋103.7FY18

5FY18 Operating Profit and Net Profit(yen: billions)

FY18

vs. FY17

380.5+103.7

Non-operating income/loss

-1.9

-0.2

Profit before income taxes

378.6+103.5

Income taxes-126.6-23.9

Net profit

252.0

+79.6

Net profit attributable to Panasonic Corporation
stockholders

236.0

+86.6

Net profit attributable to non-controlling interests

16.0

-7.0

Operating profit

6

Fiscal 2018 Financial Results / Fiscal 2019 Financial Forecast

FY18 Results by Segment(yen: billions)

Sales

vs.FY17

Excl. effect of
exchange rates

Operatingprofitvs. FY17

Other
income/loss

vs. FY17

Appliances

2,588.4

+3%

+2%

104.4

+5.5

2.8

+10.7

Eco Solutions

1,623.5

+5%

+4%

72.5

+8.3

-7.2

+4.5

Connected Solutions

1,119.3

+6%

+4%

105.7

+55.3

1.6

+36.0

Automotive & Industrial
Systems

2,803.5

+16%

+13%

91.4

-1.6

-9.1

-33.2

Other *

675.9

0%

-

10.8

+2.8

2.1

+7.1

Eliminations andadjustments-828.4

-

-

-4.3

+33.4

-10.9

+21.0

Total

7,982.2

+9%

+6%

380.5

+103.7

-20.7

+46.1

Appliances (production andsales consolidated）

2,796.4

+4%

+1%

107.6

+7.9

2.6

+10.9

* PanaHome is included in Other segment
Fiscal 2018 Financial Results / Fiscal 2019 Financial Forecast

Copyright (C) 2018 Panasonic Corporation All Rights Reserved.

7

FY18 FCF, Net Cash and Dividends(yen: billions)

FY18

FY17

vs. FY17

FCF

-35.6

-34.7

-0.9

(Excluding strategic
investment)(132.7)(190.3)(-57.6)

-91.9

196.6

-288.530 yen25 yen＋5 yenNet cash(End of fiscal year)

Dividends(Annual)8

Fiscal 2018 Financial Results / Fiscal 2019 Financial Forecast

Progressing from “Return to sales and profit growth” to “Sustainable growth”

FY19

Operating profit

*

FY16
FY15

FY18

FY14

FY17

Sales & profit
growthSales decline &profit growth

FY13
Sales in real terms (from FY13, excluding effect of exchange rates)* Fiscal years after FY17: OP based on IFRS deducting other income/loss
Fiscal 2018 Financial Results / Fiscal 2019 Financial Forecast

Copyright (C) 2018 Panasonic Corporation All Rights Reserved.

9

Fiscal 2018 Financial Results
Fiscal 2019 Financial Forecast

FY19 Forecast Summary• Expecting another year of “Sales and profit growth”
in FY19.
• Energy and Industrial will play major roles to lead
“Sales and profit growth”.
• Net profit* is unchanged from mid-term target
announced in FY17; aiming for 250.0 billion yen.

* Net profit attributable to Panasonic Corporation stockholders
Fiscal 2018 Financial Results / Fiscal 2019 Financial Forecast

Copyright (C) 2018 Panasonic Corporation All Rights Reserved.

11

FY19 Full-Year Forecast(yen: billions)

FY19 (e)vs. FY18 / Difference
8,300.0+4%(+6%) *

+317.8

425.0

+12%

+44.5

Other income/loss

-35.0

-

-14.3

Non-operating income/loss

-5.0

-

-3.1

Profit before income taxes

420.0

+11%

+41.4

Net profit attributable toPanasonic Corporation
stockholders

250.0

+6%

+14.0

Sales
Operating profit

1 US dollar
Exchange rate

105 yen

1 Euro130 yen1 Renminbi（Reference）“FY19 Group Financial Target” announced in April 2016
Financial
Targets
Assumption

17.0 yen

Operating profit

450.0 billion yen

Net profit≧250.0 billion yen

Exchange rate

1 USD＝115 yen

Foreign exchangesensitivity in terms of USD(Impact on operating
profit)Yen appreciation:-3.0 billion yen
Yen depreciation:+3.0 billion yen

All other currencies fluctuation linked to Yen-USD
market.

* In real terms excluding the effect of exchange rates

12

Fiscal 2018 Financial Results / Fiscal 2019 Financial Forecast

FY19 Sales Analysis by Business(yen: billions)

8,433.9 -133.9

8,300.0

PSSJ
Major
Appliance
Air-Conditioner
Automotive

Other businesses,
etc.

Effect ofexchange
rates

Industrial

7,982.2
EnergyFY18

Real terms excluding
effect of exchange rates+6%

FY19 (e)FY19 (e)(excluding effectof exchange rates)* ‘List of Businesses whose sales are disclosed in FY19’ included in the end of presentation
Fiscal 2018 Financial Results / Fiscal 2019 Financial Forecast

Copyright (C) 2018 Panasonic Corporation All Rights Reserved.

13

FY19 Operating Profit Analysis(yen: billions)+180.0-110.0+7.8
Fixed cost

380.5
Sales
increase/decrease(excluding effect of
exchange rates)

FY18

-19.0

-14.3

Material cost hike/
Effect ofRationalization/exchange rates
Business
structure change

425.0

Other
income/loss+44.5

FY19(e)Fiscal 2018 Financial Results / Fiscal 2019 Financial Forecast

Fiscal 2018 Financial Results
Fiscal 2019 Financial Forecast
1. High-growth, Stable-growth, Low-profitable businesses
2. Segment information

Copyright (C) 2018 Panasonic Corporation All Rights Reserved.

14

FY19 Business Categories
Driving force for sales and profit growth. Concentrating management resources including largescale investments.

Highgrowth

Automotive batteries, next-generation cockpit systems, ADAS, air-conditioners,
electromechanical control devices, etc.
Steadily generating profit by taking advantage of our competitiveness and generate investment
funds for High-growth businesses.

StablegrowthWhite goods, commercial refrigeration & food equipment, wiring devices, lighting equipment,
avionics, process automation, security cameras, electronic materials, dry batteries, etc.
Significantly improving profitability by business transformation, fixed-cost reductions,and rationalization

Lowprofitable

TVs, fixed-line phones/fax, building materials, solar systems, ruggedized PCs,
semiconductor, LCD panels, etc.

Sales
8.3 trillion yen

Breakdown

Low-profitable
Highgrowthof

LowprofitableOP425.0 billion yen

Highgrowthbusiness
categories

Stable-growth
Stable-growth(FY19 Forecast)

16

Fiscal 2018 Financial Results / Fiscal 2019 Financial Forecast

Profit Growth by High-growth, Stable-growth and Low-profitable Businesses
High-growth businesses playing the roles ofa driving force in FY19

Well-focused investment mainly inHigh-growth automotive-related business

Sales

Strategic investment

8,300.0(yen: billions)
1 trillion yen

Decision made:Approx. 85%

Underconsideration

Others

Large-scale CAPEX

High-growth
LowStable- profitable
growthAISTesla“Gigafactory”

AP

7,982.2（For automotive & storage）

ES

Effect ofexchange rates

AIS

FY18

Dalian, China

CNS

Automotive battery
factoryOP(yen: billions)
425.0

M&A
AIS

FY19 (e)High-growth

AIS

Other
income/ loss

StableLowgrowth profitable

380.5

Effect ofexchange rates
and others

Invested: Approx. 700.0 billion yen（As of March 2018）
Fiscal 2018 Financial Results / Fiscal 2019 Financial Forecast

Copyright (C) 2018 Panasonic Corporation All Rights Reserved.

FY18

FY19 (e)* OP in each business category is profit generated from businesses excluding other income/loss

17

Fiscal 2018 Financial Results
Fiscal 2019 Financial Forecast
1. High-growth, Stable-growth, Low-profitable businesses
2. Segment information

FY19 Forecast by Segment(yen: billions)

Sales

vs. FY18

Excl. effect of
exchange rates

Operatingprofitvs.FY18

Other
income/loss

vs.FY18

Appliances

2,830.0

+2%

+2%

121.0

+13.2

-3.0

-6.5

Eco Solutions*

2,061.0

+5%

+6%

101.0

+19.8

-4.0

+2.9

Connected Solutions

1,093.0

-2%

0%

83.0

-20.6

-3.0

-4.7

Automotive & Industrial
Systems

3,000.0

+7%

+9%

136.0

+42.6

-11.0

-1.8

Other *

310.0

-3%

-

0.0

-2.0

0.0

-1.7

Eliminations and adjustments-994.0

-

-

-16.0

-8.5

-14.0

-2.5

Total

8,300.0

+4%

+6%

425.0

+44.5

-35.0

-14.3

Appliances (production andsales consolidated)

2,950.0

+3%

+3%

121.0

+13.9

-3.0

-6.3

* 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.
Fiscal 2018 Financial Results / Fiscal 2019 Financial Forecast

Copyright (C) 2018 Panasonic Corporation All Rights Reserved.

19

Appliances

Segment Information(Production and sales consolidated)

Overview

Sales
composition(yen: billions)

Sales

Other
income/loss

OP

FY19 (e)2,950.0

vs. FY18/
Difference+3%(+3%)*

121.0
4.1%

-3.0

+13.9

-6.3

Summary
Sales

Increases in Air-Conditioner, Major
Appliance, and Small & Built-in Appliance;
mainly in China and Asia.

OP

Increases by higher sales andstrengthening premium products, offsetting
the impact from hikes in raw material costs.

Devices,
Airothers. Conditioner
Commercial
Refrigeration &Food Equipment

AVC

Small &
Built-inAppliance
Major
Appliance

Strategies by business
Enhance overseas sales channels and promoteenergy-efficient products. Strengthen capabilities
to meet environmental requirements in Europe.
Maintain high profit with high market share in
Small & BuiltJapan. Expand EC sales in China and strengthen
in Appliancebuilt-in products.
AirConditioner* In real terms excluding the effect of exchange rates

Sales analysis(yen: billions)
Commercial

AVC Refrigeration &Major
Appliance

Accelerate sales of drum-type washing machines
and others in China and Asia.
Start sales of locally produced models in India.

AVC

Stabilize sales mainly with high-end digital
single-lens mirrorless cameras. Repurpose
existing AVC factories to produce white goods.

2,950.0

Food Equipment

Devices,
Others Effect of
exchange
rates

Major
Appliance

2,873.7

Small &
Built-inAppliance

Commercial
Strengthen development of new customers in
Refrigeration
North America. Establish OPEX business model& Foodto improve profitability in Japan.
Equipment

AirConditioner
AirConditioner

FY18

FY19 (e)

Sales

FY19
(e)

vs.
FY18

524.5 +36.6

OP

vs.
FY18

(Ref.)
Other
income/
loss

27.1

+2.5

-1.1

vs.
FY18

20

Fiscal 2018 Financial Results / Fiscal 2019 Financial Forecast

Segment Information

Eco Solutions

Overview

Sales
composition(yen: billions)

Summary

Sales
Other
income/
loss

Sales

OP

FY19 (e)2,061.0

101.0
4.9%

-4.0

vs. FY18/
Difference+5%(+6%)*

+19.8

+2.9

OthersLighting
EnergySystems

Panasonic
Homes

Housing
Systems
Ecology
Systems

OP

Sales analysis

Others2,061.0(yen: billions)
Panasonic
Ecology
Systems

Effect ofexchange
rates

Panasonic
Homes
Housing
Systems

1,957.4
I
Lighting

FY18

FY19 (e)Fiscal 2018 Financial Results / Fiscal 2019 Financial Forecast

Copyright (C) 2018 Panasonic Corporation All Rights Reserved.

Increases in all BDs, including wiring
devices in India and Asia, in addition to
expanding ventilation business in China
and North America.
Increases in all BDs through expanded
sales of wiring devices and ventilation
business while undertaking thoroughrationalization.

Strategies by business
Lighting

Expand sales of value-added lighting
equipment in Japan. Pursue growth in overseas
markets such as China, India and Indonesia.

EnergySystems

Significantly increase sales of wiring devices,
mainly in India and Vietnam.

Housing
Systems

Increase sales by sales expansion of mid-tohigh end products in the remodelling market.

Panasonic
Ecology
Systems

Shift to value-added products in Japan. Aim tocapture EC market in China. Strengthenmarketing efforts for housing materials in North
America.

Panasonic
Homes

Increase sales mainly through new construction
projects leveraging the Panasonic brand.

OthersConsolidation of Matsumura-Gumi Corporation,etc.

* In real terms excluding the effect of exchange rates

EnergySystems-2.9

21

Segment Information

Connected Solutions

Overview

Summary

Sales
composition(yen: billions)
Other
income/
loss

Sales

OP

FY19 (e)1,093.0

83.0
7.6%

-3.0

vs. FY18/
Difference

-2%
(0%)*

-20.6

-4.7

PSSJ **

Sales

Maintaining the same level as previous
year in real terms, mainly through sales
expansion of PSSJ, offsetting decreased
sales of Avionics due to weakening
demand for large aircraft.

OP

Decreases due to decreased sales in
Avionics.

Avionics

Process
Automation

MobileSolutions

Media
Entertainment** Panasonic System Solutions Japan Co., Ltd.

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

Enhance digital services in addition to repairs &maintenance business, despite facing a difficult
market environment for in-flight entertainment
business.

Process
Automation

Accelerate business model transformation
mainly by proposing process improvement andexpanding services to clients.

Sales analysis(yen: billions)

1,110.4

Avionics

PSSJ

Media
Entertainment

Others

1,093.0
Process
Automation

MobileSolutions

Effect ofexchange
rates

Improve profitability by strengthening productMedia
appeal and service capabilities of highEntertainment brightness projectors for the entertainment
industry and education field.
Enhance existing businesses such as notebook
PCs and payment terminals, while decreasing
Mobilesales of low-marginal-profit products.
Solutions
In addition, expand the solutions business with
Zetes as the core.
PSSJ

FY18

FY19 (e)Target Olympics-related demand for public
services and expand service business, mainly
in retail and logistics industries.

22

Fiscal 2018 Financial Results / Fiscal 2019 Financial Forecast

Automotive &Industrial Systems

Segment Information
Overview

Sales
composition(yen: billions)
Sales

OP

Other
income/loss

Summary

Sales

OthersAutomotive

Automotive: Expansion in IVI and cockpits.
Energy:Significant increases due to growth inautomotive batteries.
Industrial: Expansion of automotive- andindustrial-use devices.
Energy:FY19 (e)3,000.0

136.0
4.5%

-11.0

vs. FY18/
Difference+7%(+9%)*

+42.6

-1.8

Industrial

OP

Energy* In real terms excluding the effect of exchange rates

Strategies by business

Increases with higher sales ofautomotive batteries.
Industrial: Increases with contribution from growth
in automotive- and industrial-use
devices, in addition to improving
profitability of “businesses to be turned
around” (semiconductors & LCD panels).

Organizational changes
in rechargeable battery business
EnergyAutomotive• Fully expand 4 priority categories(IVI, cockpits, ADAS, electrification).
• Continue to invest in R&D for new businesses.

Energy• Aim to increase sales and profit by accelerating the shift
to automotive- and industrial-use areas.
• Launch full-scale operations for large factories (US:Nevada, China: Dalian) contributing to increased profit.

Industrial• Expand sales by increasing the ratio of automotive- andindustrial-use products such as EV relays and motors.
• Steadily improve profitability at “businesses to be turned
around” (semiconductors & LCD panels) toward turningthem into the black in FY20.

Fiscal 2018 Financial Results / Fiscal 2019 Financial Forecast

Copyright (C) 2018 Panasonic Corporation All Rights Reserved.

FY18

Rechargeable
Battery BD

EnergyTesla
BU

Energy Device
BD

EnergyFY19

Automotive
EnergyBD

Tesla
EnergyBD

EnergySolutions
BD

EnergyDeviceBD

23

Automotive &Industrial Systems

Segment Information
Forecast by business(yen: billions) FY19 (e)SalesAutomotive

922.7

Energy758.0

FY18 results
vs.
FY18

Excl. effectof exchange
rates

-1%

+2%

+35%

OP

+38%

43.4

29.1

vs. FY18/
Difference

Other
income/loss

vs. FY18/
Difference

+11.7

0.0

+4.9

+18.0

-2.5

-7.5

Sales

OP

Other
income/
loss

928.8

31.7

-4.9

562.5

11.1

5.0

422.1

-1.8

4.5

(Rechargeable
Battery*)(Energy Device**)Industrial

984.1

+4%

+6%

55.8

+13.8

* Rechargeable Battery BD + Tesla BU

Sales analysis

0.0

140.7

12.9

0.5

945.2

42.0

-7.4

** Same level of sales and operating profit expected in FY19 and onward.

Operating profit analysis(yen: billions)

3,000.0

OthersIndustrial

2,803.9
Automotive-7.4(yen: billions)

Others

Effect ofexchange
rates

136.0

Industrial

93.4

EnergyEnergyAutomotive

FY18

FY19 (e)Fiscal 2018 Financial Results / Fiscal 2019 Financial Forecast

Copyright (C) 2018 Panasonic Corporation All Rights Reserved.

FY18

FY19 (e)24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.

（Reference）FY18 TV and Six Large-Scale BDs(yen: billions)

Sales

vs. FY17

Operatingprofitvs. FY17

Other
income/loss

vs. FY17

Air-Conditioner *

487.9

+25.7

24.6

-3.9

1.8

+1.7

Lighting

317.7

+9.8

24.5

+2.5

-1.0

-1.5

Housing Systems

372.2

＋5.0

15.4

-0.2

0.3

+0.8

Automotive Infotainment
Systems

594.0

+87.7

17.9

-6.8

-7.3

-7.4

Rechargeable Battery**

422.1

＋59.5

-1.8

-6.5

4.5

-13.0

PanaHome

357.4

-2.2

8.8

-2.6

0.4

+0.8

TV *

336.3

+29.3

0.6

-3.9

1.4

+2.4

* Including sales division (production & sales consolidated)** Rechargeable Battery BD + Tesla BU
Fiscal 2018 Financial Results / Fiscal 2019 Financial Forecast

Copyright (C) 2018 Panasonic Corporation All Rights Reserved.

27

（Reference）Segments and Business Divisions (as of May 10, 2018)

Appliances
(AP)

•
•
•
•
•
•

Air-Conditioner Company
TV BD
Imaging Network BD
Home Entertainment BD
Communication Products BD
Refrigerator BD

Eco Solutions
(ES)

•
•
•
•
•
•

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

Connected
Solutions
(CNS)

•
•
•
•
•
•

Panasonic Avionics Corporation
Process Automation BD
Media Entertainment BD
Mobile Solutions BD
Security Systems BD
Panasonic System Solutions Japan Co., Ltd.

• Automotive Infotainment
Systems BD• Automotive Electronics
Systems BD• Ficosa International, S.A.
• Energy Device BD

Automotive &Industrial
Systems(AIS)• Laundry Systems and• Smart Energy System BD
Vacuum Cleaner BD• Cold Chain BD• Kitchen Appliances BD• Hussmann Corporation• Beauty and Living BD• Refrigeration and
Air-Conditioning Devices BD

•
•
•
•

Energy Solutions BD
Tesla Energy BD
Automotive Energy BD
ElectromechanicalControl BD• Panasonic Semiconductor
Solutions Co., Ltd.
• Device Solutions BD• Electronic Materials BD• Panasonic Liquid Crystal
Display Co., Ltd.

28

Fiscal 2018 Financial Results / Fiscal 2019 Financial Forecast（Reference）List of Businesses whose sales are disclosed in FY18

Appliances
(AP)

•
•
•
•

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

Eco Solutions
(ES)

•
•
•
•

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

Connected
Solutions
(CNS)

•
•
•
•
•

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

Automotive &Industrial
Systems(AIS)• Energy Business• Industrial Business

Fiscal 2018 Financial Results / Fiscal 2019 Financial Forecast

Copyright (C) 2018 Panasonic Corporation All Rights Reserved.

: 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.
: Rechargeable Battery BD, Energy Device BD: Electromechanical Control BD, Panasonic Semiconductor
Solutions Co., Ltd., Device Solutions BD, Electronic Materials BD,
Panasonic Liquid Crystal Display Co., Ltd.

29

（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

Fiscal 2018 Financial Results / Fiscal 2019 Financial Forecast

Copyright (C) 2018 Panasonic Corporation All Rights Reserved.

: 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.

30