Market Overview

Panasonic Subsidiary, SANYO Electric, Transfers Digital Camera and Digital Movie Camera Businesses

Panasonic Corporation (NYSE: PC) today announced
that SANYO Electric Co., Ltd., a subsidiary of Panasonic, has formed an
agreement on the transfer of all the shares of SANYO DI Solutions Co.,
Ltd., which operates the digital camera and digital movie camera
businesses.

There shall be no effect on the consolidated financial outlook of
Panasonic for fiscal year ending March 31, 2013.For further
detail, please see the attached.

For ReferenceThis material is a translation into
English of the original Japanese news release

Panasonic GroupSANYO Electric Co., Ltd.

Transfer of Digital Camera and Digital Movie

See full press release

Posted-In: News Guidance Asset Sales Management Global

 

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