PCRFF - Panasonic Corporation

Other OTC - Other OTC Delayed Price. Currency in USD
7.63
0.00 (0.00%)
At close: 2:34PM EDT
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Previous Close7.63
Open7.63
Bid0.00 x 0
Ask0.00 x 0
Day's Range7.63 - 7.63
52 Week Range7.55 - 12.36
Volume1,101
Avg. Volume7,203
Market Cap17.696B
Beta (3Y Monthly)0.89
PE Ratio (TTM)8.50
EPS (TTM)0.90
Earnings DateN/A
Forward Dividend & Yield0.28 (3.62%)
Ex-Dividend Date2019-03-27
1y Target EstN/A
Trade prices are not sourced from all markets
  • Panasonic first-quarter profit nearly halves on China, Tesla woes
    Reuters

    Panasonic first-quarter profit nearly halves on China, Tesla woes

    Panasonic Corp reported its first-quarter operating profit nearly halved, as Sino-U.S. trade tensions dampened demand for its components business in China and the battery business with Tesla Inc remained in the red. The trade dispute is making it more painful for Panasonic to execute its strategy of shifting focus to corporate clients and automakers from consumer electronics, after Tesla's production delays already posed challenges to the goal. Higher U.S. tariffs on Chinese goods battered sales of Panasonic's electronic devices, while the slumping automotive market in China prompted the auto industry to scale back manufacturing investment and took a toll on factory equipment sales.

  • Reuters

    UPDATE 2-Panasonic Q1 profit nearly halves on China, Tesla woes

    Panasonic Corp reported its first-quarter operating profit nearly halved, as Sino-U.S. trade tensions dampened demand for its components business in China and the battery business with Tesla Inc remained in the red. The trade dispute is making it more painful for Panasonic to execute its strategy of shifting focus to corporate clients and automakers from consumer electronics, after Tesla's production delays already posed challenges to the goal. Higher U.S. tariffs on Chinese goods battered sales of Panasonic's electronic devices, while the slumping automotive market in China prompted the auto industry to scale back manufacturing investment and took a toll on factory equipment sales.

  • Reuters

    UPDATE 1-Chipmaker TowerJazz Q2 profit drops less than forecast, to expand capacity

    Chip manufacturer TowerJazz posted a drop in second quarter profit as revenue fell due to a price cut for a renewed contract, and said it would invest $100 million to expand production capacity at a plant in Japan to meet growing demand. The Israeli company, which specialises in analogue chips used in cars, medical sensors and power management, posted on Monday diluted earnings per share excluding one-time items of 24 cents in the quarter, down from 42 cents a year earlier.

  • TheStreet.com

    Tesla Is Likely Looking to Take on Battery Problem Itself

    A little bit at least," Musk said. Much of Tesla's production depends on its ability to access batteries that rely on a supply of minerals such as lithium, nickel and copper. Much of these substances are expected to be in even shorter supply in coming years, possibly giving Tesla the kick it needs to assess the feasibility of directly sourcing materials.

  • Panasonic's cinema-centric S1H mirrorless camera can shoot 6K video
    Engadget

    Panasonic's cinema-centric S1H mirrorless camera can shoot 6K video

    Panasonic has added a third full-frame mirrorless camera to its L-Mount lineup with the launch of the video-oriented Lumix S1H, revealed at Cine Gear Expo 2019. It packs many of the specs we were hoping for but didn't receive with the S1 , like 6K video, 10-bit 4:2:2 internal recording and V-Log/V-Gamut with a Sony A7 III-beating 14+ stops of dynamic range.

  • Exclusive: Tesla woes send Panasonic's U.S. solar cells to Philippines
    Reuters

    Exclusive: Tesla woes send Panasonic's U.S. solar cells to Philippines

    LOS ANGELES/TOKYO (Reuters) - Most of the solar cells made by Panasonic at Tesla Inc's New York manufacturing plant are being purchased by H.R.D. Singapore's factories in the Philippines, a chief supplier of panels to Japanese eco-homebuilder Ichijo Co Ltd, two sources familiar with the arrangement said. Reuters reported on May 15 that Panasonic planned to ship most cells from the plant overseas, instead of selling them to Tesla for its trademark Solar Roof as initially intended, because of low demand from Tesla and a trade loophole that had fired up new foreign interest. Until now, the identity of the buyer of the Panasonic cells, which Panasonic is producing at the Tesla facility under an agreement struck in 2016, has not been published.

  • Reuters

    Panasonic says has not stopped supplies to Huawei, still investigating

    Japan's Panasonic Corp said on Friday it has not stopped any shipments of components to Huawei Technologies, a day after it originally called for a halt of transactions in line with a U.S. export controls against the Chinese firm. "No transactions with Huawei have been suspended at the moment," a Panasonic representative told Reuters. Its Chinese unit later released a separate statement that it continues to supply to Huawei, stressing that transactions not covered by the ban have been not affected.

  • Reuters

    ARM supply halt deals fresh blow to Chinese tech giant Huawei

    British chip designer ARM halted relations with Huawei to comply with a U.S. blockade of the company, potentially crippling the Chinese telecom company's ability to make new chips for its future smartphones. Huawei, like Apple Inc and Qualcomm , uses ARM blueprints to design the processors that power its smartphones. In another blow to the Chinese tech giant, Japanese conglomerate Panasonic Corp on Thursday joined the growing list of global companies which have said they are disengaging with Huawei, the world's second-largest seller of smartphones and the largest telecom-gear maker.

  • Reuters

    Panasonic says on its China website it is supplying Huawei normally

    BEIJING (Reuters) - Japan's Panasonic Corp said on its China website on Thursday it continues to supply Huawei Technologies Co Ltd normally. The company had said earlier that it stopped shipments of certain ...

  • Reuters

    Panasonic suspends some component shipments to Huawei amid U.S. blacklist

    Japan's Panasonic Corp said on Thursday it has stopped shipments of certain components to Huawei Technologies to comply with U.S. restrictions on the Chinese company. "Panasonic has instructed employees to halt transactions with Huawei and its 68 affiliates covered by the U.S. ban," the company said in a statement. The U.S. Commerce Department blocked Huawei from buying U.S. goods last week, saying the firm was involved in activities contrary to national security.

  • Benzinga

    Reuters: Tesla's Solar Factory Exports 'Great Majority' Of Its Solar Cells

    Tesla has only sporadically purchased solar cells produced by its partner Panasonic Corporation (OTC: PCRFY), Reuters said in the Wednesday story. Last month, Tesla reported a 36-percent slide in its overall solar sales in the first quarter, adding to previous big drops since the SolarCity acquisition. The relationship between Tesla and Panasonic was also recently been thrown into question after a report from the Nikkei Asian Review that alleged the Japanese company was freezing its investments in Gigafactory 1.

  • Reuters

    Exclusive: Tesla's solar factory is exporting most of its cells - document

    Tesla has only sporadically purchased solar cells produced by its partner in the factory, Panasonic Corp, according to a Buffalo solar factory employee speaking on condition of anonymity. The rest are going largely to foreign buyers, according to a Panasonic letter to U.S. Customs officials reviewed by Reuters.

  • Reuters

    Panasonic flags first profit drop in 8 years, EV battery costs bite

    Panasonic Corp warned profit this financial year would fall for the first time in eight years as costs to boost battery output rise and it moves to overhaul some businesses amid investor pressure to find new avenues of growth. Panasonic expects costs to ramp up battery production in Japan and China for a planned electric-vehicle (EV) battery joint venture with Toyota Motor Corp to weigh heavily. Panasonic switched its focus to corporate clients such as automakers a few years ago to escape price wars in lower-margin consumer electronics.

  • Toyota, Panasonic form joint venture in housing for Japan
    Associated Press

    Toyota, Panasonic form joint venture in housing for Japan

    TOKYO (AP) — Japanese automaker Toyota and electronics giant Panasonic are forming a joint venture combining their housing businesses in Japan to showcase technologies such as connected cars and the internet of things.

  • Toyota, Panasonic to set up company for 'connected' homes
    Reuters

    Toyota, Panasonic to set up company for 'connected' homes

    Japan's Toyota Motor Corp and Panasonic Corp said they plan to establish a joint company to develop "connected" services to be used in homes and urban development. In their latest venture, Toyota and Panasonic said they will set up a new company early next year to focus on technology that could be used to offer personalised services in the home. The pair plan to be 50-50 partners in the new firm and will increase cooperation at their respective housing operations in Japan.