Core Viewpoint - Panasonic Holdings is restructuring its home electronics division, Panasonic Electric Works, and is not dissolving it as previously misunderstood. The company is considering various options regarding its television business but has made no final decisions yet [1][4][11]. Company Restructuring - Panasonic plans to dissolve Panasonic Electric Works by the end of the 2025 fiscal year and will create three new subsidiaries focusing on different sectors: smart living (white goods), air conditioning and food delivery, and electrical engineering for lighting [2][9]. - This restructuring aims to enhance flexibility across business segments and prevent underperforming sectors from dragging down the entire group [2][9]. Television Business Status - The television, kitchen appliances, industrial equipment, and electromechanical products are currently underperforming, with low profitability and unclear growth prospects. Panasonic is considering exiting or selling these businesses by the end of the 2026 fiscal year [3][11]. - Despite clarifications from Panasonic, the company has been perceived as retreating from the traditional television market, which has been a core part of its identity for 70 years [4][11]. Market Position and Trends - Panasonic's television business has seen a significant decline, with production reduced to approximately 1 million high-end units, only 5% of its peak production. The company has also exited the LCD panel business, focusing on transparent OLED televisions [5][12]. - In the Chinese television market, Panasonic's sales share has dropped to 0.21% and 0.2% in offline and online markets respectively, ranking 15th and 20th, and it has fallen out of the top ten global television brands [6][12]. - The competitive landscape is shifting, with Chinese brands like Samsung, TCL, Hisense, LG, and Xiaomi dominating the market, while Japanese brands, including Panasonic, are struggling to maintain market share [6][13]. Future Business Focus - Panasonic's core business in China is shifting away from home appliances to focus on health living spaces, smart manufacturing, and mobile transportation. The company anticipates significant growth in its health business, projecting a 159% increase in the 2024 fiscal year compared to 2023 [7][13].
“放弃电视机业务”引热议 松下电器中国业务何去何从