PCRFY - Panasonic Corporation

Other OTC - Other OTC Delayed Price. Currency in USD
9.63
+0.06 (+0.60%)
At close: 3:57PM EST
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Previous Close9.57
Open9.44
Bid0.00 x 0
Ask0.00 x 0
Day's Range9.44 - 9.67
52 Week Range7.46 - 9.91
Volume88,293
Avg. Volume170,419
Market Cap22B
Beta (5Y Monthly)1.44
PE Ratio (TTM)10.72
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.27 (2.86%)
Ex-Dividend Date2019-09-26
1y Target EstN/A
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  • Israel's TowerJazz to maintain 51% stake in Panasonic chip JV
    Reuters

    Israel's TowerJazz to maintain 51% stake in Panasonic chip JV

    Israeli chip manufacturer TowerJazz said on Monday it will not sell its 51% stake and board control in its joint venture (JV) with Panasonic Corp in Japan. This follows an announcement last week that Panasonic will sell its semiconductor business to Taiwan's Nuvoton Technology Corp for $250 million. "Pursuant to its long-term strategy and growth plans, TowerJazz will continue its operations and manufacturing activity at TPSCo Japanese manufacturing facilities," TowerJazz said in a statement.

  • Zacks Small Cap Research

    TSEM: Panasonic is Selling its Share of TPSCo to Nuvoton as of June 1, 2020

    By Lisa Thompson NASDAQ:TSEM READ THE FULL TSEM RESEARCH REPORT As the result of the corporate-wide strategy of Panasonic Corp. to purge its unprofitable businesses, Panasonic is selling all its semiconductor operations to Nuvoton Technology Corporation for $250 million in cash. This sale includes Panasonic’s interest in TPSCo, the joint venture with TowerJazz (NASDAQ:TSEM). The sale set to

  • Panasonic to sell its chip unit to Taiwan's Nuvoton for $250 million
    Reuters

    Panasonic to sell its chip unit to Taiwan's Nuvoton for $250 million

    Panasonic Corp said it would sell its loss-making semiconductor unit to Taiwan's Nuvoton Technology Corp for $250 million as the Japanese electronics giant struggles to lift its profit amid a lack of growth drivers. The sale is part of Panasonic's plans to cut fixed costs by 100 billion yen ($920 million) by the year ending in March 2022 by consolidating production sites and overhauling loss-making businesses. Panasonic has already divested most of its chip business as it lost to more nimble Korean and Taiwanese rivals, and has shut down or shifted its manufacturing facilities to its joint venture (JV) with Israel's Tower Semiconductor.

  • Reuters

    UPDATE 2-Panasonic to sell its chip unit to Taiwan's Nuvoton for $250 million

    Panasonic Corp said it would sell its loss-making semiconductor unit to Taiwan's Nuvoton Technology Corp for $250 million as the Japanese electronics giant struggles to lift its profit amid a lack of growth drivers. The sale is part of Panasonic's plans to cut fixed costs by 100 billion yen ($920 million) by the year ending in March 2022 by consolidating production sites and overhauling loss-making businesses. Panasonic has already divested most of its chip business as it lost to more nimble Korean and Taiwanese rivals, and has shut down or shifted its manufacturing facilities to its joint venture (JV) with Israel's Tower Semiconductor.

  • Tesla-Panasonic Relation Strains Over Gigafactory 3 Production
    Zacks

    Tesla-Panasonic Relation Strains Over Gigafactory 3 Production

    Tesla (TSLA) signs contracts with South Korea's LG Chem and China's CATL to source batteries for its Gigafactory 3 in China.

  • Benzinga

    Panasonic Won't Make Batteries For Tesla In China

    Panasonic Corporation (OTC: PCRFY) has no plans to make car batteries for Tesla Inc (NASDAQ: TSLA) at its new Shanghai plant, the company’s President Kazuhiro Tsuga said on Friday, as reported by The Nikkei. The electric vehicle maker Tesla will have to either use the batteries Panasonic already makes at Tesla’s “gigafactory” in Nevada or find another supplier in China, Tsuga told reporters ahead of an investor presentation in Tokyo. "It's up to Tesla to decide whether it will use batteries we produce at the Gigafactory in Nevada or those made by Chinese companies," Tsuga said.

  • Reuters

    UPDATE 1-Panasonic has no plans for new Tesla battery plant in China -CEO

    Panasonic Corp has no plans to build a new battery plant for Tesla Inc in China, the Japanese company's chief executive said, as it struggles to make money from its existing battery business with the electric vehicle (EV) maker. "We don't have any plans at the moment to set up a production site in China for Tesla's Chinese business," CEO Kazuhiro Tsuga told reporters at a strategy briefing on Friday. "It is up to Tesla to decide whether it would use Chinese-made batteries from other manufacturers or get batteries from our Gigafactory 1 (in Nevada)," he said.

  • Panasonic has no plans for new Tesla battery plant in China: CEO
    Reuters

    Panasonic has no plans for new Tesla battery plant in China: CEO

    Panasonic Corp has no plans to build a new battery plant for Tesla Inc in China, the Japanese company's chief executive said, as it struggles to make profits from its existing battery business with the electric vehicle maker. "We don't have any plans at the moment to set up a production site in China for Tesla's Chinese business," CEO Kazuhiro Tsuga told reporters at a strategy briefing on Friday. "It is up to Tesla to decide whether it would use Chinese-made batteries from other manufacturers or get batteries from our Gigafactory 1 (in Nevada)," he said.

  • 4 Stocks in Focus on Electric Vehicle Revolution
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    4 Stocks in Focus on Electric Vehicle Revolution

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  • Reuters

    UPDATE 2-Japan's Panasonic profit drops on trade war, Tesla battery business in red

    Panasonic Corp on Thursday reported a 12% drop in its second-quarter operating profit, hurt by the ongoing Sino-U.S. trade war and its battery business with Tesla Inc staying in the red. A year earlier, Panasonic, the exclusive battery cell supplier for new electric vehicles (EVs) made by Tesla, had earned 95.2 billion yen. "We are quickly ramping up battery production (at the Gigafactory joint venture with Tesla), but improvements in production efficiency have been delayed," Chief Financial Officer Hirokazu Umeda said at an earnings briefing on Thursday.

  • Reuters

    CORRECTED-UPDATE 1-Japan's Panasonic profit drops 12% on trade war, higher costs

    Panasonic Corp on Thursday reported a 12% drop in its second-quarter operating profit as the Japanese firm was hurt by the Sino-U.S. trade war and higher development costs related to its automotive business in Europe. A year earlier, Panasonic, the exclusive battery cell supplier for new electric vehicles (EVs) made by Tesla Inc , had earned 95.2 billion yen. Panasonic has turned its focus away from low-margin consumer electronics and bet on businesses that sell to automakers as well as to corporations such as factory-owners and firms that automate processes.

  • Japan's Panasonic profit drops 12% on trade war, higher costs
    Reuters

    Japan's Panasonic profit drops 12% on trade war, higher costs

    Panasonic Corp on Thursday reported a 12% drop in its second-quarter operating profit as the Japanese firm was hurt by the Sino-U.S. trade war and higher development costs related to its automotive business in Europe. A year earlier, Panasonic, the exclusive battery cell supplier for new electric vehicles (EVs) made by Tesla Inc , had earned 95.2 billion yen. The company maintained its profit forecast for the year through March at 300 billion yen, compared with an average estimate of 293.94 billion yen from 19 analysts.

  • Moody's

    Panasonic Corporation -- Moody's announces completion of a periodic review of ratings of Panasonic Corporation

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Panasonic Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

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  • This could be the next gold mine for Tesla and other electric vehicles
    MarketWatch

    This could be the next gold mine for Tesla and other electric vehicles

    When people think about charging electric cars, the first thought that comes to mind is: “So you are going to put charging stations at gas stations. There will be long lines of people waiting to charge their cars, since it takes much longer to charge an electric car than to fill a car with gas. Capitalism will take care of building out the charging infrastructure.

  • Zacks

    Toyota-Panasonic JV Receives European Commission's Approval

    Toyota (TM) to use the same cylinder type batteries as used by Tesla.

  • Reuters

    REFILE-UPDATE 2-Toyota using Tesla-style Panasonic batteries for China hybrids - sources

    Toyota Motor Corp has started using the same type of battery that Panasonic Corp designed for Tesla Inc in some of its plug-in hybrids sold in China, sources familiar with the matter said. Toyota is using Panasonic's cylindrical batteries in its new Corolla and Levin plug-in hybrid sedans launched in China this year, one of the people said.

  • Reuters

    UPDATE 1-Toyota using made-for-Tesla Panasonic batteries for China hybrids -Nikkei

    Toyota Motor Corp has started using batteries that Panasonic Corp designed for Tesla Inc in some of its plug-in hybrids sold in China, the Nikkei business daily reported on Friday. Toyota is using Panasonic's cylindrical batteries in its new Corolla and Levin plug-in hybrid sedans launched in China this year, the Nikkei said, without citing sources. Toyota, which also uses Panasonic's prismatic batteries for hybrids, is believed to have ordered about 50,000 of the cylindrical batteries, as the automaker struggles to secure stable supplies of high-quality batteries to meet growing demand, the paper said.

  • Toyota using Tesla-style Panasonic batteries for China hybrids: sources
    Reuters

    Toyota using Tesla-style Panasonic batteries for China hybrids: sources

    Toyota Motor Corp has started using the same type of battery that Panasonic Corp designed for Tesla Inc in some of its plug-in hybrids sold in China, sources familiar with the matter said. Toyota is using Panasonic's cylindrical batteries in its new Corolla and Levin plug-in hybrid sedans launched in China this year, one of the people said. The batteries are the same size as those that Panasonic makes for Tesla, but the composition is different, said the sources, who declined to be identified as the matter is private.