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Memorial ceremony for ex-head of Panasonic predecessor

Panasonic Holdings Corp. Chairman Kazuhiro Tsuga speaks to reporters in Osaka, western Japan, on March 17, 2023, after attending a memorial ceremony for Kunio Nakamura, former president of Panasonic Holdings forerunner Matsushita Electric Industrial Co., who died of pneumonia on Nov. 28, 2022, at age 83.

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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.

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Panasonic raises group profit outlook for FY 2014

TOKYO, Japan - Panasonic Corp. President Kazuhiro Tsuga (R) smiles during a press conference in Tokyo on Oct. 31, 2014. Panasonic lifted its group net and operating profit projections for the current business year through March 2015, reflecting the favorable solar power generation business and positive effects of restructuring.

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Panasonic returns to black

TOKYO, Japan - Panasonic Corp. President Kazuhiro Tsuga holds a press conference in Tokyo on April 28, 2014, when the company reported it returned to the black for the first time in three years. For the past business year to March 31, Panasonic posted a group net profit of 120.44 billion yen, the result of restructuring and increased sales by its housing and auto-related businesses.

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Panasonic expects 310 bil. yen operating profit

TOKYO, Japan - Kazuhiro Tsuga, president of Panasonic Corp., holds a press conference in Tokyo on March 27, 2014. Panasonic said it expects to book a group operating profit of 310 billion yen in the fiscal year starting April 1.

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CEATEC Japan

CHIBA, Japan - Toyota Motor Corp. President Akio Toyoda (R) and Panasonic Corp. President Kazuhiro Tsuga exchange words at the CEATEC Japan exhibition at Makuhari Messe in Chiba, east of Tokyo, on Oct. 1, 2013.

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CEATEC Japan

CHIBA, Japan - Sony Corp. Chief Executive Officer Kazuo Hirai (R) and Panasonic Corp. President Kazuhiro Tsuga exchange words at the CEATEC Japan exhibition at Makuhari Messe in Chiba, east of Tokyo, on Oct. 1, 2013.

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Panasonic on business plan

TOKYO, Japan - Panasonic Corp. President Kazuhiro Tsuga speaks at a press conference in Tokyo on March 28, 2013 about the Japanese electronics manufacturer's medium-term business plan. Tsuga said the company will strive to return all its business units to the black in fiscal 2015.

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Panasonic forms business alliance with GM, IBM

LAS VEGAS, United States - Panasonic Corp. President Kazuhiro Tsuga speaks at the 2013 International Consumer Electronics Show in Las Vegas, Nevada, on Jan. 8, 2013.

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Panasonic expects to incur huge loss in FY 2012

TOKYO, Japan - Kazuhiro Tsuga, president of Panasonic Corp., speaks at a news conference in Tokyo on Oct. 31, 2012. The electronics maker said it expects to book a group net loss of 765 billion yen in fiscal 2012 ending March 31, incurring a hefty loss for the second straight year due to massive restructuring costs amid a continued slump in its mainstay electronics operation.

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New Panasonic president

TOKYO, Japan - Kazuhiro Tsuga, newly appointed president of Panasonic Corp., holds a press conference in Tokyo on June 28, 2012. The electronics company will streamline its headquarters by reducing the 7,000 employees working there and take other steps to turn its business around after posting its largest-ever loss the previous year, said Tsuga, who was named president of the company the previous day.

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Next Panasonic Pres. Tsuga

OSAKA, Japan - Panasonic Corp. Senior Managing Director Kazuhiro Tsuga holds a press conference in Osaka, Osaka Prefecture, on Feb. 28, 2012. The electrical appliance manufacturer said the same day Tsuga will be promoted to president in June, succeeding Fumio Otsubo, who will step aside to become chairman.

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Panasonic's FY 2015 net profit up 7.7% on restructuring efforts

Kazuhiro Tsuga, president of Panasonic Corp., briefs reporters on the company's group financial results for the fiscal 2015 during a press conference in Tokyo on April 28, 2018. (Kyodo) ==Kyodo

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Panasonic holds welcoming ceremony for new employees

Panasonic Corp. President Kazuhiro Tsuga (2nd from R in front row) raises his fist with new recruits during a welcoming ceremony at the electronics firm's headquarters in the western Japan city of Kadoma on April 1, 2016. Similar ceremonies took place at many other workplaces nationwide on the first day of a new fiscal year in Japan. (Kyodo) ==Kyodo

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Panasonic drops 10 tril. yen sales target in FY 2018

Kazuhiro Tsuga, president of Panasonic Corp., briefs reporters on the company's business strategy during a press conference in Tokyo on March 31, 2016. Tsuga said his company dropped its goal of achieving 10 trillion yen ($89 billion) in sales in fiscal 2018. (Kyodo) ==Kyodo

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Panasonic to buy U.S. refrigeration firm Hussmann for $1.55 bil.

Panasonic Corp. President Kazuhiro Tsuga attends a press conference in Kadoma, Osaka Prefecture, on Dec. 21, 2015. He said Panasonic will purchase U.S. refrigeration firm Hussmann Corp. for around $1.55 billion. (Kyodo) ==Kyodo

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Panasonic, NTT to develop new visual services before Olympics

Nippon Telegraph and Telephone Corp. President Hiroo Unoura (L) and Panasonic Corp. President Kazuhiro Tsuga attend a press conference in Tokyo on June 17, 2015. The pair said the two companies have joined hands to develop next-generation technologies for enhanced video broadcasting and interactive digital signage services in the run-up to the 2020 Tokyo Olympics. (Kyodo) ==Kyodo

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Panasonic's group net profit up 49% in FY 2014

Kazuhiro Tsuga, president of Panasonic Corp., holds a press conference in Tokyo on April 28, 2015, on the electronics giant's earnings results for fiscal 2014. Panasonic said its group net profit rose 49.0 percent from a year earlier to 179.49 billion yen ($1.5 billion) in the year ended in March on the back of its robust housing and automotive systems businesses. (Kyodo) ==Kyodo

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Next Panasonic Pres. Tsuga

OSAKA, Japan - Panasonic Corp. Senior Managing Director Kazuhiro Tsuga holds a press conference in Osaka, Osaka Prefecture, on Feb. 28, 2012. The electrical appliance manufacturer said the same day Tsuga will be promoted to president in June, succeeding Fumio Otsubo, who will step aside to become chairman. (Kyodo)

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Panasonic to have new president

Panasonic Corp. President and CEO Kazuhiro Tsuga (L) and Managing Executive Officer Yuki Kusumi shake hands in Osaka on Nov. 13, 2020. The Japanese electronics maker said Tsuga will be replaced by Kusumi in 2021 after a nine-year reign.

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Panasonic to have new president

Panasonic Corp. President and CEO Kazuhiro Tsuga speaks at a press conference in Osaka on Nov. 13, 2020. Tsuga will step down in 2021 after a nine-year reign and be replaced by Yuki Kusumi, managing executive officer who heads the electronics maker's automotive business, as CEO on April 1 and president on June 24.

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Panasonic to have new president

Panasonic Corp. President and CEO Kazuhiro Tsuga (L) and Managing Executive Officer Yuki Kusumi attend a press conference in Osaka on Nov. 13, 2020. Tsuga will step down in 2021 after a nine-year reign at the Japanese electronics maker and be replaced by Kusumi as CEO on April 1 and president on June 24.

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Panasonic to have new president

Panasonic Corp. Managing Executive Officer Yuki Kusumi attends a press conference in Osaka on Nov. 13, 2020. Kusumi will replace Kazuhiro Tsuga as president and CEO in 2021 after a nine-year reign by Tsuga at the Japanese electronics maker.

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Panasonic to have new president

Panasonic Corp. executives Yuki Kusumi (R) and Kazuhiro Tsuga attend a press conference in Osaka on Nov. 13, 2020. Tsuga will step down in 2021 after a nine-year reign at the Japanese electronics maker and be replaced by Kusumi, managing executive officer, as CEO on April 1 and president on June 24.

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Panasonic CEO Tsuga

Panasonic Corp. CEO Kazuhiro Tsuga gives an interview in Kadoma, Osaka Prefecture, on March 5, 2019. (Kyodo) ==Kyodo

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Panasonic CEO Tsuga

Panasonic Corp. CEO Kazuhiro Tsuga gives an interview in Kadoma, Osaka Prefecture, on March 5, 2019. (Kyodo) ==Kyodo

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Panasonic CEO Tsuga

Panasonic Corp. CEO Kazuhiro Tsuga gives an interview in Kadoma, Osaka Prefecture, on March 5, 2019. (Kyodo) ==Kyodo

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IOC Youth Summit in Tokyo

International Olympic Committee President Thomas Bach (C), along with Panasonic Corp. President Kazuhiro Tsuga, (L, top), interacts with young people at the IOC Youth Summit in Tokyo on Dec. 2, 2018. (Kyodo) ==Kyodo

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IOC Youth Summit in Tokyo

Panasonic Corp. President Kazuhiro Tsuga (C), along with International Olympic Committee President Thomas Bach (R), interacts with young people at the IOC Youth Summit in Tokyo on Dec. 2, 2018. (Kyodo) ==Kyodo

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Panasonic Corp. president

Panasonic Corp. President Kazuhiro Tsuga speaks during an interview in Kadoma, Osaka Prefecture, on Dec. 21, 2017. Tsuga talked about the alliance with Toyota Motor Corp. to develop automotive batteries. (Kyodo) ==Kyodo

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Panasonic Corp. president

Panasonic Corp. President Kazuhiro Tsuga speaks during an interview in Kadoma, Osaka Prefecture, on Dec. 21, 2017. Tsuga talked about the alliance with Toyota Corp. to develop automotive batteries. (Kyodo) ==Kyodo

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Toyota, Panasonic presidents

Toyota Motor Corp. President Akio Toyoda (L) and Panasonic Corp. CEO Kazuhiro Tsuga hold a joint press conference in Tokyo on Dec. 13, 2017, to announce a tie-up in the production of batteries for electric vehicles. (Kyodo) ==Kyodo

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Toyota, Panasonic presidents

Toyota Motor Corp. President Akio Toyoda (L) and Panasonic Corp. CEO Kazuhiro Tsuga hold a joint press conference in Tokyo on Dec. 13, 2017, to announce a tie-up in the production of batteries for electric vehicles. (Kyodo) ==Kyodo

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Toyota Motor, Panasonic presidents

Toyota Motor Corp. President Akio Toyoda (L) and Panasonic Corp. CEO Kazuhiro Tsuga, shake hands at a joint press conference in Tokyo on Dec. 13, 2017. The two companies are entering talks to team up in the development and production of batteries for electric vehicles. (Kyodo) ==Kyodo

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Toyota Motor, Panasonic presidents

Toyota Motor Corp. President Akio Toyoda (L) and Panasonic Corp. CEO Kazuhiro Tsuga, shake hands at a joint press conference in Tokyo on Dec. 13, 2017. The two companies are entering talks to team up in the development and production of batteries for electric vehicles. (Kyodo) ==Kyodo

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Toyota Motor, Panasonic presidents

Toyota Motor Corp. President Akio Toyoda (L) and Panasonic Corp. CEO Kazuhiro Tsuga, shake hands at a joint press conference in Tokyo on Dec. 13, 2017. The two companies are entering talks to team up in the development and production of batteries for electric vehicles. (Kyodo) ==Kyodo

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Panasonic CEO Tsuga

Panasonic Corp. CEO Kazuhiro Tsuga attends a press conference in New Delhi on Nov. 16, 2017. (Kyodo) ==Kyodo

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Panasonic's FY 2016 net profit falls 9.6% on yen

Panasonic Corp. President Kazuhiro Tsuga briefs reporters on the company's group financial results for the fiscal year ended in March at a news conference in Tokyo on May 11, 2017. Panasonic's consolidated net profit fell 9.6 percent in the year, as its solar energy business struggled and a stronger yen pushed down overseas earnings. (Kyodo) ==Kyodo

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Panasonic cuts FY 2016 earnings forecast on strong yen

Panasonic Corp. President Kazuhiro Tsuga talks about the company's fiscal 2016 earnings forecast at a press conference in Tokyo on Oct. 31, 2016. Panasonic revised downward its full-year group earnings forecast, citing factors such as a stronger yen and a slump in solar business. (Kyodo) ==Kyodo