Panasonic plans to sell its subsidiary Sanyo Technology LED lighting business in recession

According to foreign media reports on the 11th, Panasonic will soon sell its Sanyo Electric's subsidiary, Sanyo Technology Solution Tottori, which is responsible for the production of electronic machines, to domestic investment funds. After the Sanyo technology was sold, Sanyo Electric, a home appliance and electronics giant with a history of about 69 years on the world stage, will disappear completely.

It is understood that the takeover party is Tokyo's investment fund "J-Will Partners", after the sale will continue the related business, it is estimated that about 200 employees will continue to use. Sanyo Technology currently produces circuit boards and other products for automobiles and home appliances. According to the Tokyo Chamber of Commerce and Industry, the net profit for the fiscal year 2013 was approximately 1.4 trillion yen (approximately RMB 72 billion), and there was an insolvency of approximately 2.7 billion yen.

It is reported that about 7,000 employees of Sanyo Electric will be transferred to Panasonic in April. Sanyo will retain legal persons in recent years due to problems in the after-sales service of Sanyo products.

Industry insiders believe that Sanyo Electric was sold and Panasonic is aggressively entering the automotive and residential related industries. At the beginning of March 2015, Panasonic officially announced a general corporate debt issuance plan of up to 400 billion yen (about 20.6 billion yuan). In addition to repaying debts due, most of the remaining bonds will serve as Panasonic's car. Funding for business areas related to housing.

And recently, Panasonic has made a significant contribution to residential lighting and car navigation systems. For example, Panasonic began selling LED lighting products for residential, hotel and commercial facilities in the Middle East and the Near East, and entered the management and operation of health care facilities for elderly homes, nursing homes and nursing stores in Japan, and developed and sold the 2020 Olympic Games with automatic translation. Functional wearable devices that sell surveillance camera equipment to schools, businesses, and other institutions, and supply navigation systems and electronic device systems to automotive manufacturers.

It is understood that in recent years, the sales of Panasonic's LED lighting products in China have been declining. In 2013, Panasonic once said that it would fill Panasonic's LED products throughout China, but after two years, it has already quietly disappeared. The reason is that part of it is affected by the rise of China's local LED lighting companies, and the other part is affected by the management and positioning of the company itself. In addition, the impact of e-commerce O2O channels, Panasonic's LED lighting products store is more difficult to develop.

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