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Panasonic Effect of Earthquake in the Tohoku Region on Business Operations (2nd Report)

  //house-home.news-articles.net/content/2011/03/3 .. ku-region-on-business-operations-2nd-report.html
  Published in House and Home on Friday, April 1st 2011 at 2:40 GMT by Market Wire
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OSAKA, Japan--([ BUSINESS WIRE ])--Panasonic Corporation (NYSE:PC)(TOKYO:6752)("Panasonic") extends its sympathy to everyone who has been affected by the major earthquake in the Tohoku region of Japan on March 11, 2011. The effects to our group as of today are as follows.

1. Damage to Panasonic Group (as of April 1, 2011, 11:00 a.m. JST)

(1) Damage to personnel

Panasonic has confirmed the safety of all employees. Some minor injuries to the employees are reported.

(2) Damage to our production

AVC Networks Company Fukushima Factory (manufacturing digital cameras) and AVC Networks Company Sendai Factory (manufacturing optical pickups) restarted partial production operations today.

Plants that have restarted production operations are:

• SANYO Electric Co., Ltd. Tokyo Plant located in Gunma (manufacturing commercial air conditioners, showcases etc): Production operations restarted from March 14.
• AVC Networks Company Yamagata Factory (manufacturing Digital camera lens unit, SD memory cards): Partial production operations restarted from March 22.
• AVC Networks Company Utsunomiya Factory (assembling LCD TVs): Partial production operations restarted from March 22.
• Panasonic Electric Works Koriyama Co., Ltd. (manufacturing electronic materials): Production operations restarted from March 23.

While placing priority on the safety of Panasonic's employees and in cooperation with the planned power outages scheduled by Tokyo Electric Power Co. and Tohoku Electric Power Co., Panasonic is preparing to resume production at factories in the affected region.

2. Forecast of effect by the damage to our business performances

An announcement will be made promptly if a significant impact on Panasonic's consolidated financial outlook for fiscal 2011 is foreseen.