6752
Panasonic Holdings Corporation
パナソニックホールディングス株式会社
Electric Appliances
Panasonic Holdings Corporation, together with its subsidiaries, research, develops, manufactures, sells, and services various electrical and electronic products in Japan, the United States, Europe, Asia, China, and internationally. It operates through six segments: Connect, Electric Works, HVAC & CC, Energy, Industry, and Smart Life. The company offers Lighting, Electrical Construction Materials & Living Energy, Solution Engineering, and Age-Free services. It also provides heating and ventilation A/C, cold chain, and engineering. In addition, the company mobility energy, energy solutions, energy device, electronic devices, factory automation solutions, and electronic materials. Furthermore, it provides refrigerator, washing machine, hair dryer, electric shaver, dishwasher, induction heating, AV and camera, phone, fax, intercom, broadcast and professional AV, professional audio equipment, steam oven microwaves, microwave ovens, rice cookers, coffee makers, and automatic cooking pots/electric pressure cookers. Panasonic Holdings Corporation was founded in 1918 and is headquartered in Kadoma, Japan.
Price
¥3,700
Market Cap
¥8.6T
Ent. Value
¥7.8T
Net Cash
est
¥770.2B
Shares Out.
2.3B
P / E
45.6×
EV / EBIT
33.0×
P / Book
1.66×
P / NCAV
N/M
Div. Yield
0.54%
Financials
| Metric |
FY 2025
TDnet |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | ¥8,048.7B | ¥8,048.7B | ¥8,496.4B | ¥8,378.9B | ¥7,388.8B |
| Cost of Sales | ¥5,521.9B | ¥5,521.9B | ¥6,002.1B | ¥6,117.5B | ¥5,306.6B |
| Gross Profit | ¥2,526.9B | ¥2,526.9B | ¥2,494.4B | ¥2,261.4B | ¥2,082.2B |
| SG&A | ¥2,079.4B | ¥2,079.4B | ¥2,104.4B | ¥1,947.4B | ¥1,724.5B |
| Operating Income | ¥236.4B | ¥236.4B | ¥361.0B | ¥288.6B | ¥357.5B |
| Non-Operating Income | — | ¥88.5B | ¥89.0B | ¥49.0B | ¥22.1B |
| Non-Operating Expenses | — | ¥28.7B | ¥24.7B | ¥21.1B | ¥19.3B |
| Ordinary Income | ¥263.1B | ¥486.3B | — | — | — |
| Pre-tax Income | ¥263.1B | ¥263.1B | ¥425.2B | ¥316.4B | ¥360.4B |
| Net Income (owners) | ¥189.5B | ¥189.5B | ¥444.0B | ¥265.5B | ¥255.3B |
| Minority Interest | — | ¥18.2B | ¥21.4B | ¥15.1B | ¥10.1B |
| Comprehensive Income | — | ¥255.4B | ¥1,044.5B | ¥536.7B | ¥659.6B |
| EBITDA | ¥640.7B | ¥640.7B | ¥760.9B | ¥670.9B | ¥696.7B |
| EPS | ¥81.19 | ¥81.19 | ¥190.21 | ¥113.75 | ¥109.41 |
| Shares Outstanding | — | 2.32B | 2.32B | 2.32B | 2.32B |
| Shares Issued (total) | — | 2.45B | 2.45B | 2.45B | 2.45B |
| Treasury Shares | — | 134.7M | 134.7M | 134.8M | 134.8M |
| Metric |
FY 2025
TDnet |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥10,172.4B | ¥10,172.4B | ¥9,411.2B | ¥8,059.5B | ¥8,023.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥3,879.8B | ¥3,879.8B | ¥4,152.8B | ¥3,802.9B | ¥4,031.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥770.2B | ¥770.2B | ¥1,119.6B | ¥819.5B | ¥1,205.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥6,292.6B | ¥6,292.6B | ¥5,258.4B | ¥4,256.6B | ¥3,992.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥2,244.5B | ¥2,244.5B | ¥1,559.0B | ¥1,172.4B | ¥1,115.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | — | ¥1,268.7B | ¥1,202.5B | ¥1,077.6B | ¥994.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | — | ¥734.8B | ¥781.3B | ¥718.6B | ¥685.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | — | ¥398.5B | ¥376.9B | ¥250.0B | ¥219.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥4,790.5B | ¥4,790.5B | ¥4,689.3B | ¥4,269.6B | ¥4,676.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥2,999.0B | ¥2,999.0B | ¥3,121.7B | ¥2,873.4B | ¥3,065.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥1,791.5B | ¥1,791.5B | ¥1,567.6B | ¥1,396.1B | ¥1,610.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | — | ¥82.9B | ¥81.1B | ¥70.7B | ¥82.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥5,382.0B | ¥5,382.0B | ¥4,721.9B | ¥3,790.0B | ¥3,347.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | — | ¥508.0B | ¥508.3B | ¥515.8B | ¥525.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥3,404.7B | ¥3,404.7B | ¥3,038.0B | ¥2,588.8B | ¥2,387.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | — | ¥-209.0B | ¥-209.1B | ¥-209.2B | ¥-209.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | — | ¥817.8B | ¥947.5B | ¥463.8B | ¥202.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥5,211.3B | ¥5,211.3B | ¥4,544.1B | ¥3,618.4B | ¥3,165.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | — | ¥180.4B | ¥177.8B | ¥171.6B | ¥182.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥770.2B | ¥770.2B | ¥1,119.6B | ¥819.5B | ¥1,205.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥-910.6B | ¥-910.6B | ¥-536.5B | ¥-466.7B | ¥-645.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | — | ¥-393 | ¥-231 | ¥-201 | ¥-278 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | — | ¥2,246 | ¥1,959 | ¥1,560 | ¥1,365 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
TDnet |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥624.3B | ¥624.3B | ¥866.9B | ¥520.7B | ¥252.6B |
| D&A | ¥404.3B | ¥404.3B | ¥400.0B | ¥382.3B | ¥339.1B |
| Investing CF | ¥-607.4B | ¥-607.4B | ¥-578.8B | ¥-344.0B | ¥-796.1B |
| CapEx | ¥623.0B | ¥623.0B | ¥547.5B | ¥289.4B | ¥234.0B |
| Financing CF | ¥-166.8B | ¥-166.8B | ¥-83.5B | ¥-607.0B | ¥58.9B |
| Free Cash Flow | ¥1.3B | ¥1.3B | ¥319.4B | ¥231.4B | ¥18.7B |
| Net Change in Cash | — | ¥-266.9B | ¥300.1B | ¥-386.4B | ¥-387.8B |
| Metric |
FY 2025
TDnet |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 3.5% | 3.8% | 10.4% | 7.4% | 7.6% |
| ROA | 1.9% | 1.9% | 5.1% | 3.3% | 3.2% |
| EPS | ¥81.19 | ¥81.19 | ¥190.21 | ¥113.75 | ¥109.41 |
| DPS | ¥20.00 | ¥20.00 | ¥35.00 | ¥30.00 | ¥30.00 |
| BPS | ¥2,232.09 | ¥2,232.09 | — | — | — |
| FCF/Share | — | ¥1 | ¥138 | ¥100 | ¥8 |
| NCAV/Share | — | ¥-393 | ¥-231 | ¥-201 | ¥-278 |
| Payout Ratio | 24.6% | 24.6% | 18.4% | 26.4% | 27.4% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 1
| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行株式会社(信託口)(注)2
|
381,443 | 16.33% |
| 2 |
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行(信託口)(注)3
|
201,705 | 8.63% |
| 3 |
STATE STREET BANK WEST CLIENT - TREATY
STATE STREET BANK WEST CLIENT - TREATY 505234 (常任代理人株式会社みずほ銀行)
|
48,610 | 2.08% |
| 4 |
Nippon Life Insurance
日本生命保険相互会社
|
48,339 | 2.07% |
| 5 |
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505001 (常任代理人株式会社みずほ銀行)
|
43,276 | 1.85% |
| 6 |
MOXLEY & CO LLC
MOXLEY & CO LLC (常任代理人株式会社みずほ銀行)
|
38,209 | 1.63% |
| 7 |
Sumitomo Life Insurance
住友生命保険相互会社
|
37,465 | 1.60% |
| 8 |
GOVERNMENT OF NORWAY
GOVERNMENT OF NORWAY (常任代理人シティバンク、エヌ・エイ)
|
35,675 | 1.52% |
| 9 |
JP MORGAN CHASE BANK
JP MORGAN CHASE BANK 385781 (常任代理人株式会社みずほ銀行)
|
32,635 | 1.39% |
| 10 | 松下不動産株式会社 | 29,121 | 1.24% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
25.0%
+1.8% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
5.3%
+1.6% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
8.1%
-1.3% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 38.3% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 日本マスタートラスト信託銀行 | 16.66% | 15.26% | 16.33% +1.07% | |
| 日本カストディ銀行 | 9.09% | 7.94% | 8.63% +0.69% | |
| State Street | 2.82% | 2.42% | 3.93% +1.51% | |
| Nippon Life Insurance 日本生命保険 | 2.07% | 2.07% | 2.07% | |
| MOXLEY & CO LLC | 1.96% | 1.82% | 1.63% -0.19% | |
| Sumitomo Life Insurance 住友生命保険 | 1.60% | 1.60% | 1.60% | |
| GOVERNMENT OF NORWAY | 1.22% | 1.30% | 1.52% +0.22% | |
| JP Morgan | 1.36% | 1.32% | 1.39% +0.07% | |
| 松下不動産 | 1.24% | 1.24% | 1.24% | |
| Employee Stock Ownership Plan パナソニックグループ従業員持株会 last seen 2024 | Exited Top 10 | 1.54% | 1.37% | — |
| Concentration (HHI) ⓘ | 386 | 319 | 372 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥30,460M
-54% since 2023
Holdings
28
+3 new
5 exited
Trend
4 unwinding
vs 2023
| Held Company | FY2025 ¥30,460M total | FY2023 ¥65,597M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
PHC Holdings Corporation
PHCホールディングス㈱
|
9,972 |
-13.3%
↓
9,766,836
|
16,134 | 11,266,836 | |
|
TBS Holdings Co., Ltd.
㈱TBSホールディングス
|
5,429 |
-49.9%
↓
1,273,180
|
4,845 | 2,543,180 | |
|
DAIWA HOUSE INDUSTRY CO., LTD.
大和ハウス工業㈱
|
5,037 |
-33.3%
↓
1,020,000
|
4,764 | 1,530,000 | M |
| Nouveau Monde Graphite Inc. | 2,822 |
NEW
New
12,500,000
|
— | ||
|
KINDEN CORPORATION
㈱きんでん
|
2,480 |
740,257
|
1,181 | 740,257 | M |
|
Sumitomo Realty & Development Co.,Ltd.
住友不動産㈱
|
1,359 |
243,000
|
725 | 243,000 | |
|
EPCO Co.,Ltd.
㈱エプコ
|
720 |
1,000,000
|
710 | 1,000,000 | |
|
CHUDENKO CORPORATION
㈱中電工
|
661 |
NEW
New
200,702
|
— | ||
|
Sansha Electric Manufacturing Co.,Ltd.
㈱三社電機製作所
|
349 |
-66.7%
↓
403,900
|
1,153 | 1,213,300 | |
|
Nice Corporation
ナイス㈱
|
332 |
210,100
|
286 | 210,100 | M |
| ㈱九電工 | 282 |
58,564
|
197 | 58,564 | |
|
OCHI HOLDINGS CO.,LTD.
OCHIホールディングス㈱
|
197 |
146,070
|
179 | 146,070 | |
|
YAMAE GROUP HOLDINGS CO.,LTD.
ヤマエグループホールディングス㈱
|
180 |
+1.5%
↑
75,336
|
134 | 74,236 | |
|
Fujii Sangyo Co., Ltd.
藤井産業㈱
|
121 |
49,000
|
71 | 49,000 | M |
|
KUWAZAWA Holdings Corporation
クワザワホールディングス㈱
|
96 |
167,698
|
81 | 167,698 | |
|
MISUMI CO., LTD.
㈱Misumi
|
94 |
55,000
|
94 | 55,000 | |
|
YONDENKO CORPORATION
㈱四電工
|
89 |
+200.0%
↑
69,300
|
44 | 23,100 | |
|
Central Japan Railway Company
東海旅客鉄道㈱
|
71 |
+400.0%
↑
25,000
|
79 | 5,000 | |
|
e'grand Co.,Ltd
㈱イーグランド
|
56 |
40,000
|
60 | 40,000 | |
|
JK Holdings Co.,Ltd.
JKホールディングス㈱
|
55 |
55,000
|
57 | 55,000 | |
|
GEOLIVE Group Corporation
ジオリーブグループ㈱
|
49 |
NEW
New
46,000
|
— | ||
|
TSUCHIYA HOLDINGS CO., LTD.
㈱土屋ホールディングス
|
9 |
41,000
|
8 | 41,000 | |
| indie Semiconductor, Inc. | — | — | |||
|
Mazda Motor Corporation
マツダ㈱
|
— | — | |||
|
Joshin Denki Co., Ltd.
上新電機㈱
|
— | — | |||
|
ITO EN,LTD.
㈱伊藤園
|
— | — | |||
| トシン・グループ㈱ | — | — | M | ||
| ㈱伊藤園 優先株式 | — | — | |||
|
Renesas Electronics Corporation
ルネサスエレクトロニクス㈱
|
— |
−100%
Exit
—
|
7,973 | 4,166,600 | |
|
TORAY INDUSTRIES,INC.
東レ㈱
|
— |
−100%
Exit
—
|
1,771 | 2,341,000 | M |
|
SocionNext Co., Ltd.
㈱ソシオネクスト
|
— |
−100%
Exit
—
|
24,568 | 2,525,000 | |
|
CHUDENKO CORPORATION
中電工㈱
|
— |
−100%
Exit
—
|
428 | 200,702 | |
| ジューテックホールディングス㈱ | — |
−100%
Exit
—
|
55 | 46,000 | |
| Portfolio total | 30,460 | 65,597 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding