Panasonic vows 1 tril. yen investment toward FY 2018 sales goal

TOKYO, March 26 Kyodo - Kazuhiro Tsuga, president of Panasonic Corp., briefs reporters on the company's business plan for the fiscal year through March 2016 in Tokyo on March 26, 2015. Tsuga said Panasonic Corp. will spend 1 trillion yen ($844 billion) to carry out "strategic investment" projects centering on mergers and acquisitions, to increase annual sales to 10 trillion yen by fiscal 2018.