Panasonic Corporation is a Japanese multinational electronics company. It is headquartered in Kadoma in Osaka in Japan.
Image: company website
It was earlier known as Matsushita Electric Industrial Co., Ltd, and this company has become one of the Japanese largest consumer electronics manufacturers along with Hitachi, Toshiba, Sony and Canon Inc. Apart from electronics it also sells non electronics service and products like home renovation service.
Panasonic was fourth largest television producer in the world based on market share in 2012. Panasonic Company is listed on Tokyo Stock Exchange. This company is also a constituent of TOPIX and Nikkei 225 indices. It is secondarily listed on Nagoya Stock Exchange.
Panasonic pulled scaling back in US TV market in 2014 but is eyeing a comeback in US market early this year in 2016. Although the company has sold all its TV inventory in US TV market but still is operational and selling TVs in Canadian market. The company is focussing on B2B sales dropped television sets after launching a line of 4K TV last year in 2015 for sales online and through BrandsMart USA, Electronic Express, ABC Warehouse, Curacao, RC Willey and Video Only.
The TVs can still be availed in US through Amazon and brick and mortar retailers for as long as they are available.
Till 2008 Panasonic name was Matsushita Electric Industrial Co Ltd. Only in January 2008 the company made an announcement stating that it is changing its name to Panasonic Corporation from October 2008. This was done in order to conform to its global brand of Panasonic. This decision was taken discussion and agreement with shareholders meeting along with Matsushita family.