Divestment of Panasonic Power Tools Business

Occurred 31 March 2027

Panasonic Corporation has reached an agreement to sell its power tools business to Makita Corporation to refocus on electrical equipment and digital technologies. The transaction involves transferring the unit to a newly formed successor company, followed by a total share transfer to Makita expected within fiscal year 2027.

Aggregated from 4 sources · Updated 27 Aug 2026, 03:13 UTC (UTC)

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Facts (10)

Established
Makita Corporation has agreed to acquire the power tool business of Panasonic Corporation.
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The transaction will be executed by transferring the business to a newly established successor company under Panasonic's Electric Works division before transferring all shares to Makita.
Established
Panasonic is divesting the unit to focus its investment and resources on electrical equipment and digital technologies.
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The acquisition includes product development, manufacturing, and sales of factory and construction fastening equipment and IoT solutions.
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Makita intends to combine its own battery and motor technologies with Panasonic's fastening and IoT capabilities to expand into the factory-oriented market.
Established
The share transfer and operational transition are scheduled to be completed during fiscal year 2027, ending March 31, 2027.
Established
The specific financial terms and transaction price of the power tool business sale were not disclosed.
Established
Panasonic first entered the power tools market in 1979 and released Japan's first cordless power tool that same year.
Emerging
Panasonic Electric Works Company, which housed the tool business, reported approximately 31,000 employees and ¥1,071.5 billion in consolidated revenue for fiscal year 2025.
EmergingNiche Signal
Panasonic additionally divested its housing equipment business to YKK Group in late 2025.