Panasonic Announces Company Split to Integrate Management Business of Subsidiary of Panasonic Industrial Devices Taiko Co., Ltd., a Wholly- Owned Subsidiary

Osaka, Japan, February 25, 2016 - Panasonic Corporation today announced that its Board of Directors has decided to succeed management business of subsidiary of Panas onic Industrial Devices Taiko Co., Ltd. a wholly-owned consolidated subsidiary of Panasonic, through an absorption-type company split.