Panasonic considers exiting plasma TV and medical business to accelerate weight loss
It is reported that Panasonic is considering withdrawing from the plasma TV business and may sell medical services. In the three years from the next fiscal year, Panasonic will cut the size of its TV business. In order to strengthen the financial situation, the troubled Japanese consumer electronics maker is selling assets.
Panasonic TV business achieved its highest revenue in 2009/2010, at 1 trillion yen (about 10.5 billion US dollars), but according to people familiar with the matter, the revenue of the business in 2015/2016 is not expected to be lower than this figure. Half of it.
A spokesperson for Panasonic said: "We are considering a variety of options on the company's TV business, but so far no decision has been made." According to Japanese media, Panasonic has stopped research and development of a new generation of plasma TVs, and plans to be in 2014. Plasma TV panel production at a large factory in Amagaskai, western Japan, was stopped a few years ago.
It is reported that as part of the divestiture "non-core business" plan, Matsushita is considering selling medical services from "tens of billions of yen" to 100 billion yen (about 1.04 billion US dollars), including blood glucose monitoring equipment and hearing aids. Wait. The report said that private equity funds such as KKR are interested in acquiring this business.
In the fiscal year ended March 31, 2012, Matsushita Medical's operating loss was 8.8 billion yen and revenue was 133.6 billion yen.
Panasonic TV business achieved its highest revenue in 2009/2010, at 1 trillion yen (about 10.5 billion US dollars), but according to people familiar with the matter, the revenue of the business in 2015/2016 is not expected to be lower than this figure. Half of it.
A spokesperson for Panasonic said: "We are considering a variety of options on the company's TV business, but so far no decision has been made." According to Japanese media, Panasonic has stopped research and development of a new generation of plasma TVs, and plans to be in 2014. Plasma TV panel production at a large factory in Amagaskai, western Japan, was stopped a few years ago.
It is reported that as part of the divestiture "non-core business" plan, Matsushita is considering selling medical services from "tens of billions of yen" to 100 billion yen (about 1.04 billion US dollars), including blood glucose monitoring equipment and hearing aids. Wait. The report said that private equity funds such as KKR are interested in acquiring this business.
In the fiscal year ended March 31, 2012, Matsushita Medical's operating loss was 8.8 billion yen and revenue was 133.6 billion yen.
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