Panasonic Connect creates a new company focused on projection

This company will be based on the Multimedia Entertainment Business Division (MEBD) of Panasonic Connect. This will have the 20% of the shares, while Orix will have the 80%. After the capital association, both the new entity and the target products will continue to carry the Panasonic brand.

Panasonic Connect has reached a strategic capital partnership agreement with Orix Corporation for him projector business and related company operations. The two companies plan to establish a new company with the aim of achieving sustained growth. This decision was made at the meeting of the board of directors of Panasonic Holdings Corporation.

Together with Orix, Panasonic Connect to establish new company based on its Multimedia Entertainment Business Division (MEBD), with the aim of achieving greater growth. Regarding the new company, Orix will own the 80% of the shares, y Panasonic Connect el 20%. After the capital association, target products will continue to carry the Panasonic brand, and the new entity will also use the same name.

In April 2025, The new company will be established from the Media Entertainment Business Division de Panasonic Connect. Besides, Foreign subsidiaries will be established from that division's sales functions in North America, Europa, China, Australia, Singapore and other regions to be operated by the new company. In Japan, Gemba Solutions Company, de Panasonic Connect, will continue to manage national sales.

Since the commercialization of its first cathode ray tube projector (CRT) in 1975, The company's commercial projector and display business has launched a wide range of products using patented device control technology. During the last 50 years, The company has managed to gain the trust of customers globally and has consolidated its position in the high-brightness projector market..

Besides, In this market, the importance of integrating software along with advanced hardware has increased, and there have been significant changes in the field of competition due to the emergence of applied technologies and the demand for immersive experiences.. To achieve inorganic growth and further expansion in the market in the future, The company has considered that it will be necessary to strengthen operations and make continuous investments.

Panasonic Connect and Orix have considered that further growth can be achieved by leveraging the former's technological competence and customer base., along with the investment power that Orix possesses and the knowledge and experience cultivated through entrepreneurial investments in numerous companies, including manufacturers and large corporations.

Orix is a corporation dedicated to a wide range of financial services and is focused on business operations with a medium and long-term vision.. Through this capital collaboration, The company seeks to leverage its experience in corporate investments and pursue non-organic expansion strategies, as well as make continuous investments for technological advancement in hardware and develop and execute strategic partnerships at a global level..