Panasonic Holdings Corp (OTCPK:PCRHY)

$ 10.12 -0.13 (-1.27%) Market Cap: 23.63 Bil Enterprise Value: 27.47 Bil PE Ratio: 10.08 PB Ratio: 0.84 GF Score: 55/100

Panasonic Corp Management Strategy Meeting Transcript

Nov 17, 2020 / NTS GMT

Transcript

Kazuhiro Tsuga

Panasonic Corporation - CEO, President & Representative Director

Thank you very much for joining us today despite your very busy schedule. I am Tsuga, CEO of Panasonic Corporation.

I'd like to share with you the Panasonic's transformation for sustainable growth. The company came to a conclusion to make a major transformation to pursue further sustainable growth with the long-term vision based on the current midterm plan. Let me explain that outline.

First of all, this is a review. Those are the major points of our midterm strategy announced in May 2019. First, to execute each business strategy toward profit growth and profitability improvement based on the 3 business classifications of core growth, co-creation and revitalization. Second, to thoroughly enhance our management structure which involves reducing fixed costs and taking measures to businesses with loss-making structures. Through these initiatives, we aim to overcome our low-profit structure as well as to become a company that achieves lifestyle updates and generate new contributions to society.

This

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