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After cost cuts and reforms, Panasonic enters decisive stage in turnaround

The Japan Times·No Author·20 days ago
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#panasonic#us#energy#manufacturing#mexico#year
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Yuki Kusumi, president of Panasonic Holdings, in the city of Kadoma, Osaka Prefecture, in April 2025

Yuki Kusumi, president of Panasonic Holdings, in the city of Kadoma, Osaka Prefecture, in April 2025 | JIJI

OSAKA – About one year after launching sweeping management reforms aimed at restoring profitability, major Japanese electronics manufacturer Panasonic Holdings is entering a decisive stage in its turnaround efforts.

Over the past year, Panasonic has worked to revamp its cost structure through measures including large-scale job cuts and the sale of business units. While these steps have helped advance its restructuring, the company now faces a broader challenge: developing new businesses that can serve as stable drivers of earnings.

Fiscal 2026, which began this month, is thus shaping up to be a pivotal year for Panasonic as it seeks to break free from prolonged stagnation and place its recovery on firmer ground.

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