Expansion of Renovation, Nursing Care and Asian Urban Development Businesses

「To establish a joint partnership with YKK in the building materials and housing equipment business, before the transaction we carried out an organizational restructuring to consolidate under PHS the businesses, assets and other items of our consolidated subsidiaries and joint ventures engaged in the target business. We will then transfer 80% of PHS's shares to the holding company. In accordance with the above, we completed the transaction on 31 March 2026, and PHS became an equity-method affiliate.」

「The company transferred パナソニック ホームズ and its construction solutions business to Prime Life Technologies, Inc. (PLT), established with TOYOTA MOTOR CORPORATION, and the businesses were no longer consolidated, resulting in an overall decline in sales.」

「パナホーム became a wholly owned subsidiary in fiscal 2017 and changed its company name to パナソニック ホームズ effective 1 April 2018.」

「In the housing business, パナホーム became a wholly owned subsidiary through the share consolidation in October 2017, and its company name will change to パナソニック ホームズ effective 1 April 2018, while its brand will change to “Panasonic.”」

「In the housing business, the tender offer for パナホーム was completed in June 2017, and the company came to own all voting rights in パナホーム through the effectiveness of a share consolidation dated 2 October 2017. It will continue to pursue its growth strategy by realizing synergies through the use of both companies' management resources.」

「In the housing-related business, the company completed a tender offer for its subsidiary パナホーム in June of that year. Through the planned creation of a wholly owned subsidiary from autumn onward, it will pursue a growth strategy that maximizes the use of both companies' management resources.」

「At a meeting of its Board of Directors held on 21 April 2017, the company resolved to terminate by agreement the share exchange agreement entered into on 20 December 2016, under which the company would be the wholly owning parent company and its consolidated subsidiary パナホーム would be the wholly owned subsidiary, and to acquire common shares of パナホーム through a tender offer under the Financial Instruments and Exchange Act.」

「In December 2016, the company announced that it would make パナホーム a wholly owned subsidiary through a share exchange in August 2017. It will deepen cooperation between the two companies and pursue business strategies that maximize the use of their management resources.」

「In July of that year, the company renovated the showroom “Panasonic Center Osaka” and reopened it as a base for proposing integrated living spaces, including renovation, real estate, finance, and senior life support.」

「In the housing business, the company unified its and パナホーム's renovation business brands under “Panasonic Reform” effective 1 April of that year, including by consolidating promotional policies to bring together the group's capabilities and expand the renovation business. In the nursing care-related business, it also integrated 4 related subsidiaries and launched パナソニック エイジフリー effective 1 April of that year, with the aim of strengthening its management foundation through the integration of management resources.」

「The company will substantially strengthen its network to expand its domestic renovation and nursing care-related businesses. In Asia, it will actively expand its urban development business through cooperation with local developers, centered on パナホーム.」