Other operating companies also held a briefing session on June 1.
Panasonic Automotive Systems, an automobile parts company, will focus on parts that combine meters and car navigation systems and high-voltage chargers for EVs. President Masataka Nagayasu expressed his recognition that "the interior space will be created instead of the vehicle body." It plans to turn the operating cash flow, which was in the red in FY2009, into a surplus of 200 billion yen in FY2010 and FY2012.
Panasonic Industry, an electronic component company, will concentrate on labor saving in factories and market development such as information and communication infrastructure. Specifically, we will strengthen products related to factory automation such as industrial motors, electronic materials, in-vehicle relays, and capacitors. With these businesses as the driving force, the total sales will be increased to 1.8 trillion yen by FY2018, 1.6 times that of FY2009.
