Core Viewpoint - Panasonic has signed an agreement with Skyworth to transfer its television sales business in Europe and North America starting in April, as part of its structural reform efforts to address ongoing issues within the company [1] Group 1: Company Actions - Panasonic's decision to transfer its television business follows a year of considering options such as selling or exiting underperforming segments, including the television business [1] - The transfer of the television sales business to Skyworth is part of Panasonic's broader structural reform initiatives aimed at fundamentally transforming its profit structure [1] Group 2: Financial Performance - For the period from April to December 2025, Panasonic reported a sales decline of 8% year-on-year, totaling 5.8837 trillion yen, while net profit decreased by 57% to 125.2 billion yen [1] - As part of its restructuring, Panasonic announced plans to increase potential layoffs from 10,000 to 12,000 employees, although the transfer of the television business will not involve new layoffs or factory downsizing [1]