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Matsushita

Matsushita Electric Industrial Co., Ltd.
松下電器産業株式会社
Corporation
TYO: 6752 , NYSE: MC
FoundedOsaka, Japan (1918)
HeadquartersKadoma, Osaka, Japan
Key peopleKunio Nakamura, President
IndustryElectronics
ProductsAVC networks, Home appliances, Components and devices, others
Revenue 74.5 billion U.S. (Fiscal year ended March 31, 2005)
Employees334,752 (Consolidated, as of March 31, 2005)
WebsitePanasonic Global Site


Matsushita Electric Industrial Co., Ltd. (松下電器産業株式会社 Matsushita Denki Sangyō Kabushiki-gaisha) (TYO: 6752 , NYSE: MC) is a Japanese electronics manufacturer based in Kadoma, Osaka Prefecture, Japan.

The company was founded by Konosuke Matsushita in 1918 to sell duplex lamp sockets. In 1927, it produced a bicycle lamp, the first product it marketed under the brand name National. Since then, it has become the largest Japanese electronics producer. In addition to electronics, Matsushita offers non-electronic products and services such as home renovation services.

Matsushita was ranked the 59th company in the world in 2007 by the Forbes Global 500 and is among the Worldwide Top 20 Semiconductor Sales Leaders.[1]

The common English mispronunciation is /ˌmɑtsuːˈʃiːtə/, while the proper Japanese pronunciation for the company is /matsɯɕ(i)ta/.

History

Enlarge picture
Matsushita Electric Industrial Co., Ltd. in Kadoma, Osaka, Japan. Foreground left: Matsushita Electric House of History; behind: Corporate R&D laboratories


Matsushita was founded in 1918 by Konosuke Matsushita and operated factories in Japan and Asia through the end of World War II, producing electrical components and appliances such as light fixtures, motors, and electric irons.

After World War II, Matsushita regrouped and began to supply the post war boom in Japan with radios and appliances. Matsushita's brother-in-law, Toshio Iue founded Sanyo as a subcontractor for components after WWII. Sanyo grew to become a competitor to Matsushita.

In 1961, Konosuke Matsushita traveled to the United States and met with American dealers. Matsushita began producing television sets for the U.S. market under the Panasonic brand name, and expanded the use of the brand to Europe in 1979.[2]

The company used the National trademark outside of North America during the 1950s through the 1970s. It sold televisions, radios, and home appliances in some markets. The company began opening manufacturing plants around the world. It quickly developed a reputation for well-made reliable products.

The company debuted a hi-fi speaker in Japan in 1965 with the brand Technics. This line of high quality stereo components became worldwide favorites. The most famous product still made today is the SL-1200 record player known for its high performance and durability.

During the 1970s, Matsushita expanded further in the U.S. market, purchasing Quasar from Motorola in 1974 and purchasing MCA-Universal in 1989. Many American employees who transferred over from Motorola felt that they were discriminated against and filed a lawsuit in 1986 after three-quarters of American managers from the Quasar division were let go. [1]

The company then became a major target of anti-Japanese sentiment among workers in the United States. However, the Japanese stock market crash of 1989–1990 caused Matsushita's international power to wane: the company sold many of its foreign assets in the 1990s, including Universal to Edgar Bronfman, Jr. of Seagram's.

In November 1999, the Japan Times reported that Matsushita planned to develop a "next generation first aid kit" called the Electronic Health Checker. At the time, the target market was said to be elderly people, especially those living in rural areas where medical help might not be immediataly available, so it was planned that the kit would include support for telemedicine. The kits were then in the testing stage, with plans for eventual overseas distribution, to include the United States.

In recent years the company has been involved with the development of high-density optical disc standards intended to eventually replace the DVD and the SD memory card.

Since the spring of 2004, Matsushita has used Panasonic as its primary global brand. The matsushita.co.jp website now redirects to panasonic.co.jp. [2]

On January 19, 2006 Matsushita announced that, starting in February, it will stop producing analog televisions (currently 30% of its total TV business) to concentrate on digital TVs. [4]

Brands and divisions

Matsushita produces electronic products under a variety of names, including:

Shareholders

Holdings

See also

Notes

1. ^ Fortune Global 500 Profile, CNN, retrieved 7 September 2007
2. ^ Matsushita expands use of Panasonic brand name globally in April, 2003
3. ^
4. ^ [2]

Further reading

External links

 •  • [ e]
Japanese electronics industry
Major brands and multinational companies:
Advantest • Akai • Alps • Alpine • Anritsu • Brother • Canon • Copal • Casio • Citizen Watch • Denon • Denso • DNP • Eizo • Elpida • Epson • Fanuc • Fostex • Fuji Xerox • Fujifilm • Fujitsu • Funai • Futaba • Hamamatsu Photonics • Hitachi • Horiba • HOYA • Icom • Iwatsu • JEOL • JRC • JVC • Kawai • Kenwood • Keyence • Konica Minolta • Korg • Kyocera • Luxman • Mabuchi Motor • Marantz • Maspro • Matsushita • Maxell • Melco • Mitsubishi • Mitsumi • Mitutoyo • Nakamichi • National • NEC • Nichia • Nikon • Nintendo • Nitto Denko • Oki • Olympus • Omron • Onkyo • Panasonic • Pentax • Pioneer • Pixela • Plextor • Renesas • Ricoh • Rohm • Roland • Sansui • Sanyo • Seiko • Sega • Sharp • Shimadzu • SII • Sony • Sumitomo Electric • Taiyo Yuden • TEAC • TDK • Technics • Tiger • Toshiba • Uniden • Yaesu • Yagi • Yamaha • Yaskawa • Yokogawa • Zojirushi
Matsushita Electric Industrial Co. Ltd.
Subsidiaries: Panasonic | National | Technics | Quasar | JVC (50% shareholding)
Annual Revenue: 8,713 billion Yen ( FY 2004) | Employees: 334,752 | Stock Symbol: (TYO: 6752, NYSE: MC)| Website: http://panasonic.net/
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Privately-held K.K.
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Key people Taizo Nishimuro (Chairman/CEO)
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Industry (from Latin industrius, "diligent, industrious"), is the segment of economy concerned with production of goods. Industry began in its present form during the 1800s, aided by technological advances, and it has continued to develop to this day.
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Aspinwall Classification System (Leo Aspinwall, 1958) classifies and rates products based on five variables:
  1. Replacement rate (How frequently is the product repurchased?)
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Tokyo Stock Exchange, Inc.
株式会社東京証券取引所

Privately-held K.K.
Founded 1949
Headquarters Tokyo, Japan

Key people Taizo Nishimuro (Chairman/CEO)
Yasuo Tobiyama (MD/COO/CFO)
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New York Stock Exchange (NYSE), nicknamed the "Big Board", is a New York City-based stock exchange. It is the largest stock exchange in the world by dollar volume and, with 2,764 listed securities[1], has the second most securities of all stock exchanges.
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Electronics is the study of the flow of charge through various materials and devices such as, semiconductors, resistors, inductors, capacitors, nano-structures, and vacuum tubes. All applications of electronics involve the transmission of power and possibly information.
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Konosuke Matsushita (松下 幸之助 Matsushita Kōnosuke, November 27, 1894 – April 27, 1989) was a Japanese industrialist, the founder of Matsushita Electric, better known as the parent firm of electronics brand Panasonic, a company
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>
Rank 2006 Rank 2005 Company Country of origin Revenue
(million $ USD) 2006/2005 changes Market share
1 1 Intel USA 31 542 -11.1% 12.1%
2 2 Samsung Semiconductors South Korea 19 842 +12.0% 7.6%
3 3 Texas Instruments USA 12 600 +17.3% 4.
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19th century - 20th century - 21st century
1880s  1890s  1900s  - 1910s -  1920s  1930s  1940s
1915 1916 1917 - 1918 - 1919 1920 1921

Year 1918 (MCMXVIII
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Konosuke Matsushita (松下 幸之助 Matsushita Kōnosuke, November 27, 1894 – April 27, 1989) was a Japanese industrialist, the founder of Matsushita Electric, better known as the parent firm of electronics brand Panasonic, a company
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factory (previously manufactory) or manufacturing plant is an industrial building where workers manufacture goods or supervise machines processing one product into another.
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Allied powers:
 Soviet Union
 United States
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 China
 France
...et al. Axis powers:
 Germany
 Japan
 Italy
...et al.
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Electricity (from New Latin ēlectricus, "amberlike") is a general term for a variety of phenomena resulting from the presence and flow of electric charge. This includes many well-known physical phenomena such as lightning, electromagnetic fields and electric currents,
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incandescent light bulb (also spelled lightbulb) or incandescent lamp is a source of artificial light that works by incandescence. An electrical current passes through a thin filament, heating it until it produces light.
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