Panasonic Corp Management Strategy Meeting Transcript
Thank you very much for joining us today despite your very busy schedule. I am Tsuga, CEO of Panasonic Corporation.
I'd like to share with you the Panasonic's transformation for sustainable growth. The company came to a conclusion to make a major transformation to pursue further sustainable growth with the long-term vision based on the current midterm plan. Let me explain that outline.
First of all, this is a review. Those are the major points of our midterm strategy announced in May 2019. First, to execute each business strategy toward profit growth and profitability improvement based on the 3 business classifications of core growth, co-creation and revitalization. Second, to thoroughly enhance our management structure which involves reducing fixed costs and taking measures to businesses with loss-making structures. Through these initiatives, we aim to overcome our low-profit structure as well as to become a company that achieves lifestyle updates and generate new contributions to society.
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