The company was founded in 1918 and has grown to become one of the largest Japanese electronics producers alongside Sony, Hitachi, Toshiba and Canon Inc.. In addition to electronics, it offers non-electronic products and services such as home renovation services. Panasonic is the world’s fourth-largest television manufacturer by 2012 market share.
As of March 31, 2012, Panasonic employed about 330,000 staff and had around 580 subsidiary companies.
From 1935 to October 1, 2008, the company name was “Matsushita Electric Industrial Co., Ltd.” On January 10, 2008, the company announced that it would change its name to “Panasonic Corporation”, in effect on October 1, 2008, to conform with its global brand name “Panasonic”. The name change was approved at a shareholders’ meeting on June 26, 2008 after consultation with the Matsushita family.
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