trending Market Intelligence /marketintelligence/en/news-insights/trending/WUTXnQJzixZqnzs-SR1MTA2 content esgSubNav
In This List

Panasonic reorganizes ownership of conductive polymer capacitor business

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Blog

Global M&A by the Numbers: Q2 2022

Blog

SEC Climate Disclosure Requirements Heating Up: How to Take Action

Blog

Insight Weekly: US bank M&A; low refinancing eases rates impact; Texas crypto mining booms


Panasonic reorganizes ownership of conductive polymer capacitor business

Panasonic Corp. said Dec. 21 it will take direct ownership of conductive polymer capacitor maker Panasonic Precision Devices Co. Ltd. through a split-and-merger arrangement.

Panasonic Precision Devices, or PPRD, will split from current parent Panasonic Equity Management Japan Co. Ltd., or PEMJ, which will be dissolved. PPRD will then become a wholly-owned consolidated subsidiary of Panasonic.

The company plans to execute both the split and the merger April 1, 2019.

Panasonic said it does not expect the move to have a material effect on its consolidated financial outlook for the fiscal year ending March 31, 2019.

The Osaka-based consumer electronics maker cited increasing demand for information-communication infrastructure applications as the reason for the arrangement.