Compan y Prof i l eJuly 2024

MISSION

We’re creating living spaces for a better,more sustainable society.
Our mission is to help society grow more sustainable and more prosperous

At Panasonic Housing Solutions, we’re committed

by continuing to provide living spaces for a better life.

VISION

to creating happy living spaces for the future.

Using our tried-and-tested housing technology,
we’re expanding our reach, creating an everyday reality
that’s better than ever before.
Using the tried-and-tested technology we’ve built up over the years, we aim to growbeyond our existing business framework, expanding the scope of our operations andTo make that happen, we’re dedicated to helping
achieve a sustainable global environment.
Leveraging the products and services of the Panasonic Group,
we can be your one-stop solution provider for home life.

our markets. Working with our business partners and customers, we’re striving towards
a future in which we create an ever-improving everyday reality.

We serve customers all over the world, covering residential,
public and commercial facilities, through co-creation
with our business partners. Leveraging the technologicalexpertise we’ve built up over the years, we’re contributing

CORE VALUES
Spreadingaffection

SophisticatedcomfortInnovative
reliefSustainable
futureto making communities more sustainable.

Keep using the things you love. Not just in the present moment, but for years to come.

BUSINESSSLOGAN

Panasonic Housing Solutions envisions lifestyles that foresee the future.
We have pursued quality housing products aiming to better the lives of our customers’communities, and the environment.
The quality of timeless design. Convenience you cannot do without. Staying approachable,
ensuring our customers we are always by their side. And contributing to the environmentby creating long-lasting and energy-efficient products.

1

Towards a future filled with more love. Towards a future that achieves happiness andMasashi Yamada

sustainability. Seeking cutting-edge technology that shows love to the people and thePresident and CEO

planet, we aspire to create a new norm that is yet to come.

Panasonic Housing Solutions Co., Ltd.

2

Responding to social issues and changes
as we aim for sustainable growth
We’re addressing the social issues of resource depletion, energy problems, population decline, labor shortages,
along with increasingly diverse values, working styles and lifestyles. Leveraging our long years of amassing
technological expertise and our relationships with business partners, we’re expanding our reach by taking on
three challenges.

Resource
depletion

Energyproblems

Population decline
resulting in market
contraction

Social issues
and changes

Labor shortages

Diversificationof working styles
and lifestyles

Diversificationof values

Housing Equipment Solutions
Strengthening existing businesses

Japan’s non-residential
market/overseas markets

Our Strategic Framework(in Three Challenges)

Industrial
restructuring

Japan’s non-residential
market/overseas markets

Creating
new value
Japan’s residential market

Japan’s residential market
DigitalHousing technology
innovation
Expanding our
housing equipment
and construction
materials value chain

Materials

DevicesEngineering

Housing solutions
TechnologicalprogressNewindustrialization

Enhancingour sales
networkNew
customerexperience

Living value
innovation
Expanding our
housing supply
value chain

Value chain
Devices andraw materials

Planningand design

Housing construction materials(existing business domain)

Construction
workService andmaintenance

Our Three Challenges
Housing equipment
solutionsThis is the challenge of evolving the housing equipment solutions that are our key
products. With our unique technologies and high-quality manufacturing capability,
we’re pursuing new, unprecedented functionality and value. What’s more, we’re
actively promoting horizontal division of labor and other measures to ensure a stableindustry-wide supply of housing equipment.

Living value
innovation

This is the challenge of revolutionizing the housing industry itself. Addressing labor
shortages, our new industrialization will lead to labor savings and faster construction.
Additionally, by leveraging IoT equipment using digital technology, we’ll deliver a
new customer experience offering enhanced convenience.

Housing technology
innovation

This is the challenge of tackling environmental problems and other social issues.
Along with the technologies we have developed for vacuum panel manufacturing,water control and many other applications, our innovations include moresustainable wood base materials and tougher, stain-resistant resin materials.

4Backed by the strength of the technologies
we’ve cultivated over the years,
we will stay intimately involved in the housing businessTechnological Progress

Enhancing the quality of home life and contributing to the development of society have always been the goals of ourmanufacturing operations. Our housing equipment operations began in 1958 with rain gutters. Since then, we’ve

1966

1971

developed all sorts of products by advancing and applying our resin-molding, metal-processing and other technologies.
By leveraging our proprietary technologies, we’ll continue to expand our usefulness in various living spaces.

1958

Kitchen and bathroom fittings:
Resin materials and molding technology (organic glass-based materials)

1989

Made from a combination of water-repellent and oil-repellent ingredients,
our organic glass-based materials are resistant to water-stains and otherdiscoloration, making them ideal for use in kitchen countertops, bathtubs,
and toilets. Extremely strong and tough, they are even used to make hugeaquarium tanks and aircraft windows.

Interior products:
Wood aging technology

2024

1995

2022
2013

2019

Our special hydrothermal treatment accentuates the grain, expands the rangeof colors, and brings out the brightness of the wood. This technology makes it
possible to create a space that feels unified, from the flooring to the stairs andthe hallway.

Exterior products:
Composite molding technology
Featuring a steel core embedded in hard PVC resin, our high-quality,
corrosion-resistant and outstandingly durable rain gutters combine the bestof both materials.

Pursuing high-quality manufacturing at 29 production sites
Kitchen and bathroom fittings (9 sites) ....Moka, Ashikaga, Mito, Ishioka, Kota,
Kadoma, Yokkaichi, Kitakyushu
and Hangzhou (China)
Interior products (5 sites) .......................... Moka, Gunma, Kota, Hyogo, Kagawa
Exterior products (2 sites) .........................Maibara and Ritto
Elevators (2 sites) .......................................Narita and Kadoma
KMEW Co., Ltd. (8 sites)..........................Ashikaga, Kashima, Odawara, Gifu,
Shiga, Iga, Sakai and Kitakyushu
EXCEL SHANON Corporation (3 sites) .....Kuriyama, Hanamaki and Ochi

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Our Commitment to our Customers

Delivering a better life to more customers throughever-closer collaborative relationships with our business partners
Leveraging our long-standing network of like-minded business partners, we will continue to provide unwavering

1974

support for homebuilding throughout Japan. Through viewing and consultation services at our showrooms
around the country, we will strive to offer more customers a better life.

Sales offices

1982

1998

Through our client companies, we offer products tailored to the needs of thetimes. Besides kitchen and bathroom fittings and interior products, we handle
a wide range of goods, including electrical appliances and equipment formeasuring and managing household energy consumption. We stay constantly

198 4

in touch with our client companies, building a relationship of trust as we
realize our shared vision of offering a better life and creating homes.

2024

20 08

20 04

2020

Panasonic Renovating Club

Panasonic Builders Group

With our community-based network and 40 years

Through our Techno Structure proprietaryof experience, we provide support for customers

earthquake-resistant housing construction method,

tackling home renovation projects, helping them

we are forming partnerships with local housing

achieve their dreams of better living.

companies and construction firms to provide
high-quality homes throughout Japan.

Panasonic Housing Partners

Showrooms

Through our network of housing-related companies

Our expanding chain of showrooms serves bothrooted in the community, we offer secure andresidential and business customers.

comfortable homes.
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Kitchen and bathroom fittings
Our systemized kitchens are equipped to make home cooking a pleasure. Our relaxing bathrooms are welcoming
and easy to clean. Our smart toilets and electric bidet seat are stylish and comfortable to use. In short, we offer
kitchen and bathroom fittings that lighten the load of household chores and make life better.

Housing Equipment
Solutions

Kitchens

Toilets/electric bidet seat

Bathrooms

Washbasins

Interior products
Our interior materials come in a wide array of colors, patterns, and designs. Our system furniture includes a wide
range of plans, far beyond the basics of teleworking spaces, partitioning and storage. Our flooring and woodmaterial options offer the ideal performance choice for every lifestyle and floor-plan. In short, we’re developing
materials that make living spaces more comfortable.

Interior materials

Interior doors

Storage space

Floorings

10Exterior products

Total home solutions

Our exterior products are thoughtfully designed for convenience and good looks. Our delivery boxes enable yourBy providing a total range of housing products, we’re serving a broader range of needs. Our offering now includes

orders to be delivered successfully to and from your home, reducing the need for redelivery trips. Our easy-to-use

kitchen and bathroom fittings, interior products, and exterior products, along with air conditioners, EcoCute

mailboxes have anti-theft features. Our rain gutters, embodying decades of technical expertise, are impressively

heat-pump water-heaters, solar power generation systems and other Panasonic Group products.

reliable, and our plastic sash windows deliver high performance in terms of heat- and sound-insulation and robustness.

Delivery boxes

Rain gutters

Mailboxes

Plastic sash windows

Panasonic Group products
The energy-saving products we focus on include air conditioners that maintain a clean and comfortable

Panasonic
Housing Solutions
products

Panasonic Group
products

air environment, efficient EcoCute heat-pump water-heaters that can keep going even in times of disaster,and solar power generation systems with top-of-the-range generation capacities and warranties.

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Air conditioners

EcoCute heat-pumpwater-heaters

Solar power generation
systems

Induction-heating cookers

Ventilation systems

Intercoms and video
doorphones

AiSEG 2 Home IoT solution(smart energy management
systems)

Air purifiers

12Together with our consolidated subsidiaries,
we provide the value that society demands
To address labor shortages at construction sites, we will continue to deliver a higher level of housing value througha wide range of products and engineering capabilities. One of these is our proprietary Techno Structure construction
method, which reduces labor and speeds up the construction process. Another is our full-service home elevator business,
which covers everything from design to maintenance. Yet another is Solo Studio, our rental studio apartment renovation
service offering enhanced living spaces for the growing number of single-person households.

Techno Structure construction method

Living Value
Innovation

Panasonic ARCHI Skeleton Design Co., Ltd.

Elevators
Panasonic Elevator Co., Ltd.

Solo Studio studio apartment
renovation service
Panasonic Architectural Ware & Engineering Co., Ltd.
New apartment building successes

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Using our proprietary technologies
to tackle environmental issues
Leveraging the technologies we have cultivated through our Group’s wide-ranging business operations, we aredeveloping environmentally-friendly materials and devices at an accelerated pace. Aiming to contribute evenmore extensively to environmental conservation, we have rolled out sales of several proprietary technologies
to wider markets in Japan and overseas. The products include vacuum-insulated glass, which is indispensablefor energy-saving housing, quality-improvement water-saving technology that conserves water resources, andnext-generation environmentally friendly materials.

Glavenir vacuum-insulated glass
Glavenir is a thin, high-performance insulated glass manufactured using the vacuum-panel technology we developed
over many years for plasma displays. With a thickness of just 6mm, its thermal insulation performance is at least as
good as that of triple glass five times as thick. First released on the European market, where the demand for insulated
windows is high, Glavenir was launched in plastic sash windows for domestic use in 2021. By offering it on a wider
scale, we will help customers cut their energy consumption at home.
Thickness: Approximately 6mm

Housing Technology
Innovation

Note: For comparison, the thickness of
toughened glass is approximately 8mm.

Vacuum layer (0.1mm thick)Low-emissivity glass
Vacuum sealingmaterial

Plastic sash window
with vacuum-insulated glass

Pillar

EXCEL SHANON Corporation’s
Shanon Window SPG uses Glavenir.

Float glass

PALM LOOP® technology for recycling oil palm trunk waste into chipboard※

We have developed an industry-leading* technology for recycling oil palm trunk waste into
chipboard. Palm oil, extracted from oil palm trees, is a raw material used in the manufacturingof cooking oil and detergents. However, the felled oil palm trunks are left to rot, generating
methane gas emissions that contribute to environmental issues. By retrieving oil palm trunk
waste and converting it into chipboard for use in furniture and building materials destined for
the Japanese market, we are helping to reduce greenhouse gas emissions and conserve forests.

Discarded oil palm trunk waste

Intermediate material*According to research
conducted by Panasonic
Housing, November 2021.

Recycled chipboard

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Non-Residential Market

Overseas Business

Expanding our range of products for use in non-residentialbuildings, and serving a broader market

Using Japanese industrial technology
to improve the quality of life worldwide

Panasonic technologies have helped to enhance homes and deliver a better life. We are now leveraging the same

Using our long-cultivated industrial technology to serve dynamically-growing overseas markets, we’re reaching out to thetechnologies in products aimed at the non-residential construction market, thus expanding our domain to embrace

wider world. In countries around the globe, changes in social conditions and lifestyles have led to diversified perceptions

welfare and medical facilities, educational facilities, offices, commercial properties and more. For non-residentialof housing value. To accommodate this new reality, systems around construction and housing need to be industrialized.

buildings, accessibility-conscious universal design is especially important, and underpins our ever-increasing range

Developing products and services closely tailored to the needs of India, China, the Taiwan region and the ASEAN member

of offerings for this market. These include building materials, earthquake-resistant construction methods, compact

countries, Panasonic is adopting a global perspective as it tackles social issues and works to deliver a better standard of living.

elevators, kitchen and bathroom fittings, and non-flammable lightweight ceiling materials.
Panasonic Products for the Non-Residential Construction Market

VERITIS Public/range of building materials for facilities and storesTechno Structure earthquakeresistant construction method

Compact elevators/
small buildings

Boasis wood-finish flooring/raised floors

A • La • Uno urinals

Medical & welfare facilities:
Gassho-so Nursing HomeChina

On the fast-growing Indian market, we are expanding our
product lineup. Along with our L-Class Kitchens, made inJapan and launched in 2019, we now offer I-Class Kitchens,
manufactured in India and better suited to the local lifestyle,which were launched in 2022. Having contracted with 30 local
franchisees as of May 2024, we are now working to expand oursales network even further.

In China, thoughtful Japanese-style space design andproduct functionality is in growing demand, both in newlyconstructed homes with ready-finished interiors and in
remodeling projects. We will continue to expand our lineupof kitchen and bathroom fittings and construction products
for spaces designed around health, comfort, and security.

Taiwan region

ThailandWorking with leading local distributors, we are developing
kitchen and bathroom fittings, along with interior products
such as doors and floorings, mainly for new condominium
projects. We will continue to sequentially expand our productlineup and work to increase sales in the remodeling market,
which is expected to grow in the future.

Working with leading local distributors, we sell bathroom
fittings from our A • La • Uno range, along with floorings.
We will continue to focus on expanding sales of new housing(detached houses and condominiums) and hotel properties.

Aqua Heart bathroom/
eldercare facilities

Airy Light/non-flammable
lightweight ceiling materials

Principal Use Cases

Public facilities:
Fukui Prefectural Dinosaur Museum

India

Railway Facilities:
Nishisanso Station, Keihan Electric Railway

Public Pro Studio showroom for business customers

Featuring displays simulating interior spaces in typical facilities, this showroom enables prospective customers
to view and touch Panasonic's products for non-residential buildings.

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The Evolution of Panasonic Technologies
Aiming to achieve both a better life and a sustainable global environment, the Panasonic Group has adopted a longterm environmental vision we call Panasonic GREEN IMPACT. We aim to achieve net-zero CO2 emissions throughout

Floorings

our own value chain. Besides reducing CO2 emissions throughout our own value chain, we are working to expand ourcontribution to the reduction of CO2 emissions in society as a whole, and to realize a circular economy, aiming for theTechno Structure EX

most efficient use of resources throughout the product lifecycle.

Plastic sash
windows

The impact of reducing CO2 emissions
throughout our own value chain, along with theeffect of the broader decarbonization of society

The impact on society of reducing theCO2 emissions of our existing businesses

Interior materials

SMARI returnservice boxes

Inorganic paintfor exteriorwall materials(2018)

Large-scale resin injection
molding technology

Exterior
Rain guttersheat-insulation
for large
construction method buildings
Deliveryboxes
Mechanicalstampingmechanism
technology
Rain guttersfor residential housing

Mailboxes

Wood-and-steel
composite beams(Gunma Factory)(Ritto Factory)• Wood shavings and sawdust from • This facility will promote CO2
our manufacturing processes are
emissions reduction throughused as fuel for a wood-chip boiler
the use of renewable energy• The energy thus generated is used • Installation is under way
for production facilities and forheating and cooling. Some of it isrecovered as electricity using
turbine power-generation facilities

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Conversion to LED lighting• Upgrading to high-efficiency
equipment• Output peak control• Review of idle operations, etc.,
to eliminate waste• Existing lighting is being
replaced with high-efficiency
LED lighting to save energy• This initiative is being promoted
at all our factories

Seismic responsecontrol housing Resin+iron-corerain guttersconstruction
technology

MailboxInorganic
manufacturing
technology enamel paints
for exteriorPower-driven wall materials(1989)
stampingmechanism
technology

By adopting this system, we aim
to reduce the need for redelivery
trips, thus helping to reduce theCO2 emissions generated bydelivery vehicles.

By converting oil palm trunk waste into
chipboard and using it in commercial
products, we aim to contribute toresource recycling. We also aim tocontribute to the reduction of greenhousegas emissions generated by waste wood.

2020

Systemized
kitchens

LED dimming
Bathrooms for& toning
technology use in renovation
projects

Wood-feel
Integrated
quantification counter molding
technology
technology

Thermal staining
technology for
simulatingwood grain
Allergen-control
coating technology• Ozone-water generating technology• Deodorizing and mold-inhibiting technology• Smartphone app linking technology

BubbleHeat insulation diameter control
technology
technology
LED guiding &combiningtechnology

Systemized
kitchens

2010

Systemized
bathrooms
Washstands

Smart toilets

Hydrophilic coating
technology
Metal-resin
bondingtechnology
Water-repellent
coating technology

Anti-staining
technology

Oxygen bubble
bathtubs
Systemized
bathrooms

Multi-jet tornado
flush technology

Bubblediameter
control
technology

2000

Lighter, faster elevators
Washstands

Scratch-resistant woodfloorings

Miniaturizedelevator apparatus

Systemized
kitchens
Substratecompounding
technology

Inorganic coatingexterior wallmaterials
Hydraulicresidential elevators(1989)

Low-flushmechanism
technology

Kitchencounters

Microbubble
bathtubs

Vinyl ester resins
Unsaturated
polyester resins
Acrylic
resinsHydraulicdrive systems

Toilets withwarm-water
bidet seat

Systemized
bathrooms

Bubblediameter
control
technology

Toilets withwarm-water
bidet seat

Systemized
bathrooms

Systemized kitchens

Metal processing& molding technology

Interior doors(1981)

Single-layer thick
paper-making technology
Householdmailboxes

PVC extrusion molding technology
PVC injection molding technology

Cutting/
processing
technology
Ceiling materials(1967)
Fourdrinier-based
paper-making technology

Cast molding
technology

Air bubble bathtubs

Floorings Wood construction
materials
Uniform
wood coloring& coatingtechnology

Injection molding technology
Fluid oscillation technology

1980

Box-making technology

Metal rain gutters

PALM LOOP® technology for recycling
oil palm waste into chipboard

Light guide
Washstands panel technology Air bubble
bathtubs

Floorings forrenovation projects

Exterior wall
Siliconmaterials
material generation
Extrusion molding
technology
technology

Multi-layer extrusion
molding technology forheterogeneous materials

Organic glass
counters

Industrial substrate
modification technology
Soft-close
WPB
technology
door hinges
Free-standing Slow-and-suredoor-closing
steel-tower
technology
elevators
Floorings forrenovation projects

Exterior wall materials

Adoption of COMBO
delivery box

Interior
sliding doors

Residential
cable elevators

Photocatalytic
painttechnology

Inorganicclear coatingsfor exteriorwall materials(1999)

CIM systemtechnology

Compressors, dust
collectors, etc.

High-design
decorative
laminates

Weight-andwidth-saving
technology

Photocatalytic
paint forPhotocatalytic
exterior wall coating exteriormaterials
wall materials(2002)

Electric
bidet seat

Film molding technology

Clean lines
designInterior doors

Space-saving
installations

Elevator door
Hydrophilic
coating exterior protection
systems
wall materials

Airtight insulation
housing
Thick/unevenconstruction wall extrusion
technology molding technology

Solar power generation

Wood aging
technology

New hydraulicdrivesFoam extrusion
molding technology

Biomass boiler

Customizability

Recycled materials

The impact on society of our contribution to
reducing CO2 emissions through our new
technologies and businesses

Specific initiatives by Panasonic Housing Solutions Co., Ltd.

Urinals

Smart toilets

Home elevators

Fine dispersion
technology

Fine texture
transfer technology

The impact of our ripple effect on society's
energy transformation

Technology for
utilizing recycledbase materials
Pet-friendly doors

Systemized
bathrooms

Materials for interior &exterior product use

Long-span wood-and-steel
composite beams

Earthquake vibration absorption& control technology

Systemized kitchensInterior doors

Delivery boxes

Rain guttersfor residential
housing

Bathroom units

Bubblediameter control
technology

Veneerbondingtechnology
Sheet-wrapping laminates

Veneer manufacturing technology
Flitch manufacturing
technology/flitch slicing

Molded resin bathtubs
SMC molding material technology
FRP molding technology

1960
Plastic rain gutters(1958)

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Company Outline

Organization Chart

Panasonic Housing Solutions Co., Ltd.
President: Masashi Yamada
Business activities: Manufacturing, sales and engineering of housing equipment and construction materials
Address: 1048 Kadoma, Kadoma City, Osaka 571-8686, Japan
Website: panasonic.net/phs/

Panasonic Holdings Corporation

Panasonic Corporation
China & Northeast Asia Company

Sales

Employees(FY2024)

446.1
Residential
housing
showrooms:(As of May 31, 2024)

10,461billionyen

60

Affiliatedmanufacturing sites:

Showrooms forbusiness customers:

29

15(As of May 31, 2024)

Living Appliances and Solutions Company
Heating & Ventilation A/C Company
Cold Chain Solutions Company
Electric Works Company

Panasonic Automotive Systems Co., Ltd.

Panasonic Entertainment & Communication Co., Ltd.

Panasonic Housing Solutions Co., Ltd.

Sales Division

Panasonic Connect Co., Ltd.

Kitchen Furniture, Bathroom &Sanitary Fittings Business Division

Panasonic Industry Co., Ltd.

Panasonic Energy Co., Ltd.

Key product highlights

Panasonic Operational Excellence Co., Ltd.

Kitchen Furniture, Bathroom &Sanitary Fittings Business Division

Panasonic ARCHI
Skeleton Design Co., Ltd.

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Architecture Systems
Business Division

Panasonic Elevator Co., Ltd.

Panasonic Architectural Ware
& Engineering Co., Ltd.

Exterior Products &Systems Business Division

EXCEL SHANON
Corporation

Architecture Systems Business Division

Exterior Products & Systems Business Division
Consolidated Subsidiaries
Panasonic Living Co., Ltd.
Tokyo Metropolitan Area & Kanto companies
Panasonic Living Distribution Company Group
Panasonic Living Hokkaido Tohoku Co., Ltd.
Panasonic Living Chubu Co., Ltd.
Panasonic Living Kinki Co., Ltd.
Panasonic Living Chushikoku Co., Ltd.
Panasonic Living Kyushu Co., Ltd.
Panasonic Housing Equipment Co., Ltd.
Panasonic Interior Building Products Co., Ltd.
Panasonic Elevator Co., Ltd.
Panasonic ARCHI Skeleton Design Co., Ltd.
Panasonic Architectural Ware & Engineering Co., Ltd.
EXCEL SHANON Corporation
KMEW Co., Ltd.