History and Operations of Matsushita Electric (Panasonic)
Founded in 1918 by Konosuke Matsushita, the company originally known as Matsushita Electric grew into the global electronics manufacturer now known as Panasonic Holdings Corporation.
Aggregated from 8 sources · 6/15/2026, 6:02:05 PM
Coverage Balance
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This event is primarily covered by one side of the political spectrum. Niche or counter-narrative facts may be underrepresented.
Facts (10)
- Established
Konosuke Matsushita, Mumeno Matsushita, and Toshio Iue founded Matsushita Electric Housewares Manufacturing Works on March 7, 1918, in Osaka, Japan.
- EstablishedNiche Signal
The company officially changed its name from Matsushita Electric Industrial Company, Ltd. to Panasonic Corporation in 2008.
- EstablishedNiche Signal
As of June 2026, Panasonic Holdings is headquartered in Kadoma City, Osaka, and led by CEO Yuki Kusumi.
- Established
Panasonic reported annual revenues of approximately 8.05 trillion to 8.49 trillion yen for the 2025-2026 period.
- EstablishedNiche Signal
In July 2004, Matsushita Electric Corporation of America recalled approximately 500,000 combination TV/VCR units due to a cabinet hazard.
- EstablishedNiche Signal
Konosuke Matsushita undertook his first overseas visit to the United States in January 1951 to study management and technology.
- EmergingNiche Signal
Panasonic became the first Japanese company to introduce a five-day workweek in 1965.
- EmergingNiche Signal
Panasonic is planning a global layoff of 10,000 employees as part of a restructuring effort.
- AttributionNiche Signal
Konosuke Matsushita's management philosophy included avoiding real estate speculation, focusing on specialized fields, and not evading taxes.
- AttributionNiche Signal
In 1932, Konosuke Matsushita announced a 250-year plan aimed at achieving societal prosperity through an 'inexhaustible supply' of material goods.