Panasonic to Integrate Bond Financing, Redemption and Administrative Work of Wholly-Owned Subsidiary SANYO Electric Co

Panasonic Corporation

today announced that its Board of Directors has decided and signed an agreement to assume operations related to bond financing, redemption and administrative work of SANYO Electric Co., Ltd. , a wholly-owned consolidated subsidiary of Panasonic, through business division. This division is expected to take effect on January 1, 2012. Details of the business division are outlined below.