Panasonic Corp New CEO Briefing Session Transcript
Good evening, ladies and gentlemen. Thank you very much for taking time out of your busy schedule to attend this online conference. We will now start.
Today's participant is Yuki Kusumi, CEO of Panasonic Corporation. Yuki Kusumi will present under the title of Future Direction for Panasonic Group.
I'm Yuki Kusumi, the new CEO of Panasonic. I assumed the office in April. Today, I would like to share our future direction based on the current midterm strategy. In particular, contributions to solving global environmental issues and our constant improvement efforts to enhance competitiveness.
Looking back during Mr. Tsuga's Presidency, we started addressing the losses recorded in fiscal years '12 and '13 and executed various growth strategies such as thorough turnaround efforts, eliminating losses, selection and concentration of businesses, proactive investment in growth areas such as rechargeable batteries and building a business structure with initiatives taken outside Japan such as China.
Under the
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