Panasonic Tightens Belt, Targets Volume Zone

摘要

Unable in FY2008 to demonstrate both its growth potential and profit-earning capacity, Panasonic Corp. is planning drastic reforms in FY2009, according to Fumio Ohtsubo, President of Panasonic.rnFY2008 saw structural issues associated with "business structure centered on Japan," "heavy fixed costs" and "a shortage of growth and new businesses" brought into sharp relief, said Ohtsubo, speaking about the Japanese consumer electronics giant's company-wide strategy and TV business strategy for FY2009 following the report of Panasonic's financial results on May 15.