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Matsushita Electric Industrial Co., Ltd.

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Matsushita Electric Industrial Co., Ltd. (Japanese: 松下電器産業株式会社, Matsushita Denki Sangyō Kabushiki Gaisha) (MEI) (TYO: 6752), NYSE: MC is an electronics manufacturer based in Kadoma, Osaka prefecture, Japan.

It was founded by Konosuke Matsushita in 1918, with its first product being a duplex lamp socket. In 1927, it produced a bicycle lamp, the first product it marketed under the brand name National. Since then, it has become the largest Japanese electronics producer and competes mainly with Sony, Thomson and Philips. In addition to electronics Matsushita offers non-electronic products and services such as home renovation services.

Brands and divisions

Matsushita produces electronic products under a variety of names, including:

  • Panasonic (home appliances for the overseas market, personal electronics, audio/video equipment, microchips, automotive components)
  • National (home appliances for the Japanese market)
  • Nais (components for automated systems -replaced by Panasonic in 2004)
  • Quasar (lower-priced televisions and video equipment in the North American market- being phased out)
  • Technics (audio equipment)
  • Ramsa (professional audio equipment)
  • Japan Victor Company (JVC), Matsushita has been the controlling stockholder since 1953.

Shareholders

Holdings

  • Panasonic Corporation of North America

History

Matsushita was founded in 1918 and operated factories in Japan and Asia through the end of World War II, producing electrical components and appliances such as light fixtures, motors, and electric irons.

After WWII, Matsushita regrouped and began to supply the post war boom in Japan with radios and appliances. Matsushita's brother-in-law, Toshio Iue founded Sanyo as a subcontractor for components after WWII. Sanyo grew to become a competitor to Matsushita.

In 1951, Konosuke Matsushita traveled to the United States and met with American dealers. Matsushita began producing cheap television sets for the U.S. market under the Panasonic brand name, and signed a cooperative venture with Philips the following year in order to incorporate more advanced Western technologies into its products.

The company used the National trademark outside of North America during the 1950s through the 1970s to much success. It sold televisions, radios, and home appliances in some markets. The company began opening manufacturing plants around the world. It quickly developed a reputation for well-made reliable products.

The company debuted a hi-fi speaker with the brand, "Technics". This line of high quality stereo components became worldwide favorites. The most famous product still made today is the SL-1200 record player used by radio stations and disc jockeys alike, known for its high performance and durability.

During the 1970s, Matsushita expanded further in the U.S. market, purchasing Quasar from Motorola in 1974 and purchasing MCA-Universal in 1989. Many American employees who transferred over from Motorola felt that they were discriminated against and filed a lawsuit in 1986 after three-quarters of American managers from the Quasar division were let go. [1]

The company then became a major target of anti-Japanese sentiment among workers in the United States. However, the Japanese stock market crash of 1989–1990 caused Matsushita's international power to wane: the company sold many of its foreign assets in the 1990s, including Universal (to Edgar Bronfman, Jr. of Seagram's).

In recent years the company has been involved with the development of high-density optical disc standards intended to eventually replace the DVD and the SD memory card.

Beginning in the fall of 2004, Matsushita is slowly beginning to use the Panasonic brand as its primary name. Note that the matsushita.co.jp website now redirects to panasonic.co.jp.


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Note that the matsushita.co.jp website now redirects to panasonic.co.jp.
. Beginning in the fall of 2004, Matsushita is slowly beginning to use the Panasonic brand as its primary name.
. In recent years the company has been involved with the development of high-density optical disc standards intended to eventually replace the DVD and the SD memory card. He married a second time with Mette Ivarsdotter Dyre (1504-1512). of Seagram's). His first marriage (1490-1495) with Iliana Gädda, produced the son Sten Sture the Younger.

However, the Japanese stock market crash of 1989–1990 caused Matsushita's international power to wane: the company sold many of its foreign assets in the 1990s, including Universal (to Edgar Bronfman, Jr. His resignation was demanded by the Privy Council of Sweden in the summer of 1511, but in practice he remained in power until his death on January 2, 1512. The company then became a major target of anti-Japanese sentiment among workers in the United States. Unwillingly he then switched sides and supported Sten Sture in overthrowing the king, which at the death of Sten Sture led to him self being elected regent. [1]. He became a member of the Privy Council of Sweden no later than 1482, but acted with in opposition to his distant kinsman Sten Sture the Elder, going as far as supporting John of Denmark. Many American employees who transferred over from Motorola felt that they were discriminated against and filed a lawsuit in 1986 after three-quarters of American managers from the Quasar division were let go. He never himself used the name Sture, but his son later took the great-grandmother's name because of its prestige and tradition of preserving the Swedish independence.

market, purchasing Quasar from Motorola in 1974 and purchasing MCA-Universal in 1989. He was born around 1460 as the son of Nils Bosson of the family of Natt och Dag (whose mother was of Sture family). During the 1970s, Matsushita expanded further in the U.S. Svante Nilsson, (1460 – January 2, 1512) was a Swedish statesman and regent of Sweden under the Kalmar Union, 1504 - January 2, 1512. The most famous product still made today is the SL-1200 record player used by radio stations and disc jockeys alike, known for its high performance and durability. This line of high quality stereo components became worldwide favorites.

The company debuted a hi-fi speaker with the brand, "Technics". It quickly developed a reputation for well-made reliable products. The company began opening manufacturing plants around the world. It sold televisions, radios, and home appliances in some markets.

The company used the National trademark outside of North America during the 1950s through the 1970s to much success. market under the Panasonic brand name, and signed a cooperative venture with Philips the following year in order to incorporate more advanced Western technologies into its products. Matsushita began producing cheap television sets for the U.S. In 1951, Konosuke Matsushita traveled to the United States and met with American dealers.

Sanyo grew to become a competitor to Matsushita. Matsushita's brother-in-law, Toshio Iue founded Sanyo as a subcontractor for components after WWII. After WWII, Matsushita regrouped and began to supply the post war boom in Japan with radios and appliances. Matsushita was founded in 1918 and operated factories in Japan and Asia through the end of World War II, producing electrical components and appliances such as light fixtures, motors, and electric irons.

Matsushita produces electronic products under a variety of names, including:. . In addition to electronics Matsushita offers non-electronic products and services such as home renovation services. In 1927, it produced a bicycle lamp, the first product it marketed under the brand name National. Since then, it has become the largest Japanese electronics producer and competes mainly with Sony, Thomson and Philips.

It was founded by Konosuke Matsushita in 1918, with its first product being a duplex lamp socket. (Japanese: 松下電器産業株式会社, Matsushita Denki Sangyō Kabushiki Gaisha) (MEI) (TYO: 6752), NYSE: MC is an electronics manufacturer based in Kadoma, Osaka prefecture, Japan. Matsushita Electric Industrial Co., Ltd. Panasonic Corporation of North America.

Japan Victor Company (JVC), Matsushita has been the controlling stockholder since 1953. Ramsa (professional audio equipment). Technics (audio equipment). Quasar (lower-priced televisions and video equipment in the North American market- being phased out).

Nais (components for automated systems -replaced by Panasonic in 2004). National (home appliances for the Japanese market). Panasonic (home appliances for the overseas market, personal electronics, audio/video equipment, microchips, automotive components).