|Bid||1,043.50 x 0|
|Ask||1,045.00 x 0|
|Day's Range||1,032.00 - 1,045.00|
|52 Week Range||917.70 - 1,706.50|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||10.33|
|Earnings Date||May 8, 2019 - May 13, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1,450.90|
Panasonic has officially unveiled its first full-frame mirrorless cameras, the S1 and S1R. The cameras beat Nikon and Canon in several ways. As you’d expect from Panasonic, the video capabilities are stellar, and it has a very promising in-body stabilization. There are still some questions around the mount and autofocus, but the cameras are a promising start.
(Recasts, adds corporate examples, background, details on quarterly orders) * Dec core orders -0.1 pct m/m vs forecast -1.1 pct * Jan-March core orders seen down 1.8 qtr/qtr * Global economic slowdown poses risk to Japan's capex * Protectionism could harm corporate sentiment By Stanley White TOKYO, Feb 18 (Reuters) - Overseas orders for Japanese machinery posted their biggest tumble in more than a decade in December, as trade frictions dented global supply chain demand and manufacturers predicted further declines in orders this quarter. Data released on Monday showed core machinery orders, considered a leading indicator of capital expenditure, fell 0.1 percent month-on-month in December. The Cabinet Office data comes as some of Japan's major corporates flag expected hits to sales to customers, which include downstream manufacturers who use Japanese components, amid an increasingly cautious investment environment.
Contemporary Amperex Technology Ltd and Honda Motor have signed an agreement to co-operate on jointly developing lithium ion batteries for electric vehicles, as China's top EV battery maker expands its tie-ups with Japanese automakers. CATL said on Tuesday it had signed a memorandum of understanding with Honda under which it would guarantee supply of lithium-ion EV batteries with storage capacity of around 56 gigawatt hours (GWh) to the automaker by 2027, and set up an office near Honda's research unit in Tochigi Prefecture, outside Tokyo.
Japan's Nikkei index surrendered modest gains to end lower on Tuesday, snapping a three-day rally as the market digested a slew of corporate earnings. The Nikkei ended 0.19 percent lower at 20,844.45 after ...
Panasonic Corp shares fell almost 6.5 percent on Tuesday after the electric vehicle (EV) battery maker reported a drop in quarterly earnings and cut its full-year outlook, just as EV partner Tesla Inc branched out in battery tech. The Japanese firm on Monday chopped 9 percent from its operating profit outlook after booking a 19 percent drop in October-December, blaming weak demand for auto components and factory equipment in China, where the economy is slowing. Later on Monday, EV maker Tesla said it had agreed to buy U.S. energy storage company Maxwell Technologies Inc.
Japan's Nikkei share average handed back earlier modest gains and stood little changed on Tuesday, with a three-day winning run stalling as the market digested a series of corporate earnings. The Nikkei had risen for the past three sessions and touched the seven-week peak after all three major indexes on Wall Street closed near session highs the previous day. In addition to sustained optimism towards U.S.-China trade relations, high expectations for Alphabet Inc's earnings were seen to have supported Wall Street by boosting technology shares.
Tesla is rapidly increasing production of its Model 3 sedan and needs to lower the price to reach a broader customer base than its pure luxury vehicles. Maxwell executives told investors in January that it had developed and patented a "dry electrode" technology that could significantly increase the driving range and reduce the cost of electric vehicle batteries. The company also makes ultracapacitors, which discharge energy faster than batteries and are seen as complementing battery technology.
Japan's Panasonic Corp cut its annual profit outlook after disappointing quarterly earnings it blamed on a slowing Chinese economy hit by a trade war with the United States that hurt demand for auto components and factory equipment. Panasonic forecast an operating profit of 385 billion yen (3 billion pounds) for the year ending March, down from the previously predicted 425 billion yen and missing the 420.25 billion yen average of 18 analyst estimates polled by Refinitiv. "Demand for mechatronics, mostly motors, has plunged since November as our clients making equipment for smartphone factories cut their investment," Panasonic Chief Financial Officer Hirokazu Umeda told a briefing.
Japan's Panasonic Corp reported on Monday a 19 percent drop in third-quarter operating profit and lowered its full-year earnings outlook, even though investment in its battery business with U.S. electric ...
Panasonic has officially barged into the full-frame mirrorless fight by launching two new cameras. The S1 is a 24.2-megapixel camera mainly targeting video shooters, while the 47.3-megapixel S1R is for portrait, landscape and other types of high-resolution photography. The new models beat their rivals from Sony, Nikon and Canon in several ways, especially when it comes to stabilization and 4K video.
World Vision and Panasonic Corporation have launched an Off-grid Solutions Project in Narok County, Kenya. Panasonic has donated power supply stations, solar storage devices, solar lanterns and other lighting equipment at the launching ceremony held on January 31, 2019, in Ilkimati community in Narok.
PESES's ventilating fan production reached 200 million units in 2018, 60 years after manufacturing its first model. The company is contributing to the improvement of indoor air quality for customers worldwide through the ventilation business. Panasonic Corporation announced that Panasonic Ecology Systems Co., Ltd. (PESES), a Panasonic group company focusing on indoor air quality (IAQ) and environmental systems, had marked a cumulative global production of 200 million ventilating fans in December 2018.
The German government will fund a research facility to offer firms in Germany know-how to develop battery cells for electric vehicles (EVs), the science minister said on Wednesday, seeking to compete with Asian producers which dominate the industry. Anja Karliczek said her ministry would invest 500 million euros ($568 million) to support research into both existing and next-generation EV battery cell technology. "The German car industry shouldn't depend on Asian suppliers," Karliczek told a business conference in Berlin.
Asia’s biggest automaker is setting up a joint venture with Panasonic Corp. to produce batteries for partners such as its Daihatsu unit, Mazda Motor Corp. and Subaru Corp. that together account for more than 20 percent of global car production. Toyota will own 51 percent of the venture, to be established by the end of 2020. For Panasonic, which supplies batteries to Tesla Inc., it’s good news. The spreading of risk away from Elon Musk’s company will relieve investors.
U.S. electric vehicle (EV) maker Tesla Inc has held talks with China's Tianjin Lishen to supply batteries for its new Shanghai factory, and two people with direct knowledge of the matter said the pair signed a preliminary agreement. The companies have yet to decide how large an order Tesla would place, and Lishen is still working out what battery cell size Tesla would require, one of the people said. In Chinese, a preliminary agreement could refer to mere acknowledgment through to a statement of intent.
TOKYO (AP) — Toyota Motor Corp. and Panasonic Corp. are setting up a joint venture to research, manufacture and sell batteries for ecological autos, an increasingly lucrative sector amid concerns about global warming.
Toyota Motor Corp and Panasonic Corp are launching a joint venture next year to make electric vehicle (EV) batteries, leveraging the heft of one of the world's largest automakers and battery makers to expand their EV push. Toyota will own 51 percent of the joint venture, and Panasonic the rest, the two companies said in a joint statement on Tuesday, confirming previous reports. The joint venture, which builds on an initial lithium-ion battery partnership struck between the two companies in late 2017, reflects the aim of the Japanese companies to become a bigger global player in the battery industry, which is vital for the development of affordable EVs.