Matsushita Electric announced today that it will change its company
name to 'Panasonic Corporation'. Once approved by the company's shareholders, the name change will go into effect on October 1,
2008.
Matsushita Electric Industrial Co., Ltd. (Matsushita [NYSE symbol: MC]), best known for its Panasonic brand, today
announced that the company will change its company name to 'Panasonic Corporation' effective October 1, 2008. The company will also
unify its corporate brands to the 'Panasonic' brand across the world.
The change, that was approved at the company's
extraordinary board meeting today, will be submitted for and subject to approval at its ordinary general meeting of shareholders to be
held in late June this year.
Upon a company name change, the company will undertake its brand name change from the 'National'
brand, which is used for home appliances and housing equipment in Japan, to the 'Panasonic' brand by the end of fiscal 2010, ending
March 31, 2010. Subsequently, the 'National' brand will be abandoned and the corporate brands in Japan will be unified to the
'Panasonic' Brand.
If you'd like to read more, Panasonic's entire press release can be found here.
