Fumio Ohtsubo

Editor in chief of Dealerscope

Panasonic President Fumio Ohtsubo has gone on record to say that his company isn't planning on investing into ailing Olympus with some $632m in funds, denying a recent report. The original news came from the Kyodo news agency on Wednesday, citing unnamed sources. According to the latest Reuters story, Ohtsubo not only denied the report, but also confirmed there are no plans by Panasonic to invest into Olympus.

"I don't know where that information came from, not from us," the President stated during an interview at the Japan Electrical Manufacturers' Association.

Panasonic Corp. faces a tough road this year after Japan's earthquake and tsunami. But President Fumio Ohtsubo says he believes the company can turn disaster into opportunity as the country rethinks its energy policy.

Panasonic has been shifting toward eco-friendly products and renewable energy technologies in recent years. The strategy could pay off, with Japan grappling with potential power shortages this summer and Prime Minister Naoto Kan calling for a greater focus on conservation and renewable energy. Still, Panasonic will need to endure what Ohtsubo predicts will be an "extremely difficult" fiscal year. Slumping sales and production disruptions continue

Japan's Panasonic Corp will have an extremely tough year, with the effects of the devastating March earthquake continuing to hamper sales through September, the head of the electronics giant said on Friday.

The company will also split the 17,000 job cuts it plans by March 2013 in roughly equal proportions between Japanese and foreign operations, President Fumio Ohtsubo told reporters.

He said there were uncertainties over the impact of power shortages in the peak summer months and that he did not see much additional demand for the company resulting from rebuilding efforts

Appliance and consumer electronics giant Panasonic Corp. (Osaka, Japan) announced a large-scale reorganization plan that will include cutting 17,000 employees worldwide. Panasonic President Fumio Ohtsubo, speaking on Saturday, April 28, 2011, said the company was severely impacted by the March 11 earthquake (the Great East Japan Earthquake). Operations have been recovering "steadily" at Panasonic plants in the region hit by the earthquake and tsunami. Supply chain disruptions are still affecting operations. Panasonic continues to extend assistance to those in the affected region as it strives to get operations back to normal. Ohtsubo said that, even as the company plans

Panasonic Corp., Japan's biggest home appliance maker, is cutting about 17,000 jobs worldwide over two years as its losses swell from restructuring costs and damage from the March 11 disasters.

President Fumio Ohtsubo said the company will streamline operations to boost profitability, including selling some of its businesses, and reduce its nearly 367,000 workers to 350,000 by the fiscal year ending March 2013.

Like other Japanese electronics makers including archrival Sony Corp., Panasonic has been struggling against competition from newcomers and formidable players from South Korea like Samsung

Consumer electronics maker Panasonic Corp said on Friday it sees no strong recovery in year-end sales in North America and Europe, but expects to pull its loss-making TV unit into the black in the January-March quarter.

Panasonic's president, Fumio Ohtsubo, also told Reuters in an interview he expected some restructuring costs from its takeover of subsidiary Sanyo Electric to arise in the financial year starting in April, as the company shifts focus for a big push into environmental technologies.

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