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LCCs reviving women's dream of becoming flight attendants

OSAKA, Japan - Eri Otsubo, who works as a flight attendant for Peach Aviation Ltd., is seen at Kansai airport on Feb. 12, 2013. Otsubo, who has a daughter at kindergarten, was employed by the low cost carrier in September last year, realizing the dream she had abandoned when a university student.

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Panasonic logs record net loss

OSAKA, Japan - Panasonic Corp. President Fumio Otsubo speaks during a press conference in Hirakata, Osaka Prefecture, on May 11, 2012. The electronics maker reported its largest-ever group net loss of 772.17 billion yen for the business year ended March 2012, citing factors including massive losses in its TV manufacturing operations, but said Panasonic expects to return to the black in the current business year through restructuring.

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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 to log record 780 bil. yen net loss

TOKYO, Japan - Panasonic Corp. President Fumio Otsubo speaks during a press conference in Tokyo on Feb. 3, 2012. Panasonic said it expects to post its biggest-ever group net loss of 780 billion yen for the business year to March 31, 2012, due to the adverse impact of the flooding in Thailand in 2011 and a write-off related to the acquisition of Sanyo Electric Co.

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Panasonic to log record 780 bil. yen net loss

TOKYO, Japan - Panasonic Corp. President Fumio Otsubo answers reporters' questions during a press conference in Tokyo on Feb. 3, 2012. Panasonic said it expects to post its biggest-ever group net loss of 780 billion yen for the business year to March 31, 2012, due to the adverse impact of the flooding in Thailand in 2011 and a write-off related to the acquisition of Sanyo Electric Co.

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Panasonic expects 420 bil. yen net loss in FY 2011

TOKYO, Japan - Panasonic Corp. President Fumio Otsubo attends a news conference in Tokyo on Oct. 31, 2011. The company said it is anticipating a huge group net loss of 420 billion yen for the fiscal year ending March as it faces restructuring costs related to its loss-making businesses, a reversal from a profit of 74.02 billion yen in the previous year.

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Panasonic president in India

MUMBAI, India - Fumio Otsubo, president of Panasonic Corp., speaks during a press conference in Mumbai, India, on the company's new televisions on April 12, 2011. The Japanese electronics giant is aiming to achieve 200 billion yen in sales in India in fiscal 2012.

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Prosecutors' homes, offices raided over data tampering case

KYOTO, Japan - Members of the Supreme Public Prosecutors Office walk into the Kyoto District Public Prosecutors Office to conduct a search on Oct. 2, 2010, after Hiromichi Otsubo and Motoaki Saga, the former chief and deputy chief of the special investigation department of the Osaka District Public Prosecutors Office, were arrested on suspicion of covering up the alleged destruction of evidence by a subordinate during an investigation into a postal abuse scandal. Otsubo worked at the Kyoto prosecutors office by the time of his arrest.

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2 senior prosecutors arrested over data tampering

OSAKA, Japan - Toshio Yanagi, chief prosecutor of the Osaka High Public Prosecutors Office, speaks at a press conference after 2 senior prosecutors were arrested over alleged data tampering, in Osaka on Oct. 1, 2010. The top prosecutors office arrested Hiromichi Otsubo, former chief of the special investigation department of the Osaka District Public Prosecutors Office, and his former deputy earlier in the day in connection with a case of altering data seized in a postal abuse scandal.

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2 senior prosecutors arrested over data tampering

OSAKA, Japan - Toshio Yanagi, chief prosecutor of the Osaka High Public Prosecutors Office, bows and apologizes at a press conference after 2 senior prosecutors were arrested over alleged data tampering, in Osaka on Oct. 1, 2010. The top prosecutors office arrested Hiromichi Otsubo, former chief of the special investigation department of the Osaka District Public Prosecutors Office, and his former deputy earlier in the day in connection with a case of altering data seized in a postal abuse scandal.

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2 senior prosecutors held over data tampering

TOKYO, Japan - Hiromichi Otsubo, former chief of the special investigation department of the Osaka District Public Prosecutors Office, heads to Tokyo from Osaka on Sept. 23, 2010. The top prosecutors office arrested him and his former deputy on Oct. 1 in connection with a case of altering data seized in a postal abuse scandal.

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Panasonic to make 2 subsidiaries wholly owned units

OSAKA, Japan - Panasonic Corp. President Fumio Otsubo speaks during a news conference in Osaka on July 29, 2010, after the company announced it will make Sanyo Electric Co. and Panasonic Electric Works Co. wholly owned units in a bid to bolster its environmental and energy-related businesses.

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Panasonic to make 2 subsidiaries wholly owned units

OSAKA, Japan - Panasonic Corp. President Fumio Otsubo (C), Sanyo Electric Co. President Seiichiro Sano (L) and Panasonic Electric Works Co. President Shusaku Nagae pose for photos ahead of a news conference in Osaka on July 29, 2010. Panasonic announced it will make the two subsidiaries wholly owned units in a bid to bolster its environmental and energy-related businesses.

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Panasonic to make 2 subsidiaries wholly owned units

OSAKA, Japan - Panasonic Corp. President Fumio Otsubo (R) speaks during a news conference attended by Sanyo Electric Co. President Seiichiro Sano in Osaka on July 29, 2010. Panasonic announced it will make Sanyo Electric and Panasonic Electric Works Co. wholly owned units in a bid to bolster its environmental and energy-related businesses.

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Panasonic to make 2 subsidiaries wholly owned units

OSAKA, Japan - Panasonic Corp. President Fumio Otsubo (C), Sanyo Electric Co. President Seiichiro Sano (L) and Panasonic Electric Works Co. President Shusaku Nagae (R) attend a news conference in Osaka on July 29, 2010. Panasonic announced it will make the two subsidiaries wholly owned units in a bid to bolster its environmental and energy-related businesses.

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Panasonic to make 2 subsidiaries wholly owned units

OSAKA, Japan - Panasonic Corp. President Fumio Otsubo (C), Sanyo Electric Co. President Seiichiro Sano (L) and Panasonic Electric Works Co. President Shusaku Nagae join hands ahead of a news conference in Osaka on July 29, 2010. Panasonic announced it will make the two subsidiaries wholly owned units in a bid to bolster its environmental and energy-related businesses.

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Panasonic to mass produce next-generation solar cells

OSAKA, Japan - Panasonic Corp. President Fumio Otsubo speaks during an interview with Kyodo News in Osaka on May 11, 2010. Otsubo said the company aims to start mass production of a new generation of solar cell panels from fiscal 2012 and suggested the possibility of producing core cell parts overseas.

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Panasonic to return to black for 1st time in 3 yrs on TV sales

TOKYO, Japan - Panasonic Corp. President Fumio Otsubo briefs reporters on the company's earnings report for fiscal 2009 and earnings prospects for fiscal 2010 during a press conference in Osaka on May 7, 2010. Otsubo said he expects the company to return to the black in fiscal 2010 for the first time in three years due to an increase in television sales.

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Panasonic to return to black for 1st time in 3 yrs on TV sales

TOKYO, Japan - Panasonic Corp. President Fumio Otsubo briefs reporters on the company's earnings report for fiscal 2009 and earnings prospects for fiscal 2010 during a press conference in Osaka on May 7, 2010. Otsubo said he expects the company to return to the black in fiscal 2010 for the first time in three years due to an increase in television sales.

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Panasonic to challenge Samsung in energy, 3-D TVs

OSAKA, Japan - Panasonic Corp. President Fumio Otsubo speaks at a news conference in Osaka on Jan. 8, 2010. The Japanese electronic giant said it aims to use its merger with Sanyo Electric Co. to accelerate expansion in energy and green products as well as its new 3-D television business to take on South Korean rival Samsung Electronics Co.

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Panasonic gets 50.19% stake in Sanyo in successful tender offer

OSAKA, Japan - Fumio Otsubo (L), president of Panasonic Corp., and Seiichiro Sano, president of Sanyo Electric Co., shake hands during a press conference in Osaka on Dec. 10, 2009, at which they announced that Panasonic has acquired a 50.19 percent stake in Sanyo for 403.78 billion yen, completing a tender offer that will create one of the world's largest consumer electronics conglomerates.

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Emperor, empress in WWII memorial ceremony

TOKYO, Japan - Japanese Emperor Akihito (C) and Empress Michiko (R) bow to Norihiro Otsubo from Saga Prefecture who represents a group of bereaved family members of victims of World War II during the government-organized Memorial Ceremony for the War Dead at the Nippon Budokan gymnasium in Tokyo on Aug. 15, the 64th anniversary of the end of the war.

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Panasonic incurs 379 bil. yen net loss in FY 08

TOKYO, Japan - Panasonic Corp. President Fumio Otsubo speaks at a press conference in Tokyo on May 15. Panasonic incurred a group net loss of 378.96 billion yen in fiscal 2008, its first red ink in six years.

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Panasonic to turn Sanyo Electric into subsidiary

OSAKA, Japan - Panasonic Corp. President Fumio Otsubo (L) and Sanyo Electric Co. President Seiichiro Sano (R) shake hands during a joint press conference in Osaka on Nov. 7. The two companies said they will begin talks on forming a capital and business alliance with the aim of turning Sanyo Electric into a Panasonic subsidiary.

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Panasonic sets new high in interim net profit for 1st time in 23 yrs

TOKYO, Japan - Panasonic Corp. President Fumio Otsubo responds to questions from reporters during a news conference in Tokyo on Oct. 28. Otsubo said the Panasonic group's net profit in the April-September first half of the 2008 business year rose 22.2 percent from a year earlier to 128.49 billion yen, setting a new high for the first time in 23 years.

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Matsushita unveils Panasonic-brand white goods

TOKYO, Japan - Fumio Otsubo, president of Matsushita Electric Industrial Co., poses with some of the company's white goods to be sold under the ''Panasonic'' brand for the first time, ahead of the company's corporate name change to Panasonic Corp. on Oct. 1. The company has been using the ''National'' brand for white goods and the Panasonic brand for audiovisual electronics equipment in Japan.

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China's Hu visits Matsushita Electric industrial headquarters

OSAKA, Japan - Chinese President Hu Jintao (2nd from R) poses for photos with top executives of Matsushita Electric Industrial Co. in front of the world's largest plasma television during his visit to the company's headquarters in Osaka on May 10 before his departure for China later in the day. From L to R are Vice Chairman Masayuki Matsushita, Chairman Kunio Nakamura, Hu and President Fumio Otsubo. (Pool photo)

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Matsushita logs record net profit on firm sales of digital gear

TOKYO, Japan - Matsushita Electric Industrial Co. President Fumio Otsubo announces in Tokyo on April 28 that his company's group net profit in fiscal 2007 climbed 29.8 percent from the previous year to a record 281.88 billion yen as steady sales in digital and household appliances offset a financial hit stemming from the status change of key group member Victor Co. of Japan.

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Matsushita to rename itself Panasonic, dropping founder's name

OSAKA, Japan - Fumio Otsubo, president of Matsushita Electric Industrial Co., speaks about the company's decision to rename itself Panasonic Corp. on Oct. 1 at a news conference in Osaka on Jan. 10. Matsushita will drop founder Konosuke Matsushita's name from the company title in an effort to boost its global competitiveness.

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Matsushita to rename itself Panasonic, dropping founder's name

OSAKA, Japan - Fumio Otsubo, president of Matsushita Electric Industrial Co., speaks about the company's decision to rename itself Panasonic Corp. on Oct. 1 at a news conference in Osaka on Jan. 10. Matsushita will drop founder Konosuke Matsushita's name from the company title in an effort to boost its global competitiveness.

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Hitachi, Canon, Matsushita tie up in flat-panel business

TOKYO, Japan - (From L to R) Canon Inc. President Tsuneji Uchida, Hitachi Ltd. President Kazuo Furukawa and Matsushita Electric Industrial Co. President Fumio Otsubo join hands at a hotel in Tokyo on Dec. 25, after reaching a basic accord to form a comprehensive alliance in the flat-panel display business to jointly manufacture liquid crystal display panels and to accelerate the development of organic light-emitting diode displays.

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JVC to ally with Kenwood to rebuild electronics business

TOKYO, Japan - Sparx Group Co. President Shuhei Abe, Kenwood Chairman Haruo Kawahara, Victor Co. of Japan President Kunihiko Sato and Matsushita Electric Industrial Co. President Fumio Otsubo (From L to R) shake hands at a news conference in Tokyo on July 24 after the four companies announced that JVC will form a capital and business tie-up with Kenwood in an attempt to rehabilitate its consumer electronics business. Sparx, an asset management firm, is Kenwood's leading shareholder, and JVC was a Matsushita subsidiary.

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Matsushita's FY 2006 sales top 9 trillion yen for 1st time

TOKYO, Japan - Matsushita Electric Industrial Co. President Fumio Otsubo briefs reporters on the company's group earnings report for fiscal 2006 in Tokyo on April 27. Matsushita's group sales surpassed 9 trillion yen for the first time, backed by robust global sales of its flat-panel TVs and a weaker yen.

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Sumitomo, Nippon Paper, Rengo to form trilateral tie-up

TOKYO, Japan - Kiyoshi Otsubo (L), president of Rengo Co., Motoyoshi Oka (C), president of Sumitomo Corp., and Masatomo Nakamura, president of Nippon Paper Group Inc., shake hands during a press conference in Tokyo on Nov. 20 at which they announced the companies have agreed to form a trilateral tie-up in an attempt to sharpen their competitiveness and better cope with growing demand for paper products in Asia.

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Matsushita sees record 1st-half group sales, 16-year high profit

TOKYO, Japan - Matsushita Electric Industrial Co. President Fumio Otsubo speaks at a press conference in Tokyo on Oct. 27. He said the company's group operating profit in the April-September period of fiscal 2006 jumped 21.2 percent from a year earlier to 207.39 billion yen, its highest level in 16 years, on record sales for any first half.

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NEC, Matsushita to form joint venture for cellphone development

TOKYO, Japan - Kaoru Yano (L), president of NEC Corp., and Fumio Otsubo, president of Matsushita Electric Industrial Co., shake hands during a press conference in Tokyo on July 27. They announced that the two companies will establish an equally owned joint venture for the development of new handsets in early October.

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Otsubo to succeed Nakamura as president of Matsushita Electric

OSAKA, Japan - Fumio Otsubo (R), senior managing director of Matsushita Electric Industrial Co., and President Kunio Nakamura shake hands at a press conference at a hotel in Osaka on Feb. 23. They announced that Otsubo will succeed Nakamura after a general shareholders' meeting on June 28.

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Police raid Yamaha Motor over chopper export to China

SHIZUOKA, Japan - Toyoo Otsubo (L), a Yamaha Motor Co. executive, speaks during a news conference at the company's head office in Iwata, Shizuoka Prefecture, on Jan. 23 after police raided the headquarters and other places to search for evidence on suspicion that the company illegally exported an unmanned helicopter to China.

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Matsushita to build world's largest plasma display panel plant

OSAKA, Japan - Fumio Otsubo, senior managing director of Matsushita Electric Industrial Co., briefs reporters in Osaka on May 18 about the company's plan to build the world's largest plasma display panel factory in Amagasaki, Hyogo Prefecture. Matsushita plans to spend 90 billion yen to build the factory, whose construction will begin in September.

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Otsubo to succeed Nakamura as president of Matsushita Electric

OSAKA, Japan - Fumio Otsubo (R), senior managing director of Matsushita Electric Industrial Co., and President Kunio Nakamura shake hands at a press conference at a hotel in Osaka on Feb. 23. They announced that Otsubo will succeed Nakamura after a general shareholders' meeting on June 28. (Kyodo)

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NEC, Matsushita to form joint venture for cellphone development

TOKYO, Japan - Kaoru Yano (L), president of NEC Corp., and Fumio Otsubo, president of Matsushita Electric Industrial Co., shake hands during a press conference in Tokyo on July 27. They announced that the two companies will establish an equally owned joint venture for the development of new handsets in early October. (Kyodo)

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Matsushita sees record 1st-half group sales, 16-year high profit

TOKYO, Japan - Matsushita Electric Industrial Co. President Fumio Otsubo speaks at a press conference in Tokyo on Oct. 27. He said the company's group operating profit in the April-September period of fiscal 2006 jumped 21.2 percent from a year earlier to 207.39 billion yen, its highest level in 16 years, on record sales for any first half. (Kyodo)

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Sumitomo, Nippon Paper, Rengo to form trilateral tie-up

TOKYO, Japan - Kiyoshi Otsubo (L), president of Rengo Co., Motoyoshi Oka (C), president of Sumitomo Corp., and Masatomo Nakamura, president of Nippon Paper Group Inc., shake hands during a press conference in Tokyo on Nov. 20 at which they announced the companies have agreed to form a trilateral tie-up in an attempt to sharpen their competitiveness and better cope with growing demand for paper products in Asia. (Kyodo)

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Matsushita's FY 2006 sales top 9 trillion yen for 1st time

TOKYO, Japan - Matsushita Electric Industrial Co. President Fumio Otsubo briefs reporters on the company's group earnings report for fiscal 2006 in Tokyo on April 27. Matsushita's group sales surpassed 9 trillion yen for the first time, backed by robust global sales of its flat-panel TVs and a weaker yen. (Kyodo)

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JVC to ally with Kenwood to rebuild electronics business

TOKYO, Japan - Sparx Group Co. President Shuhei Abe, Kenwood Chairman Haruo Kawahara, Victor Co. of Japan President Kunihiko Sato and Matsushita Electric Industrial Co. President Fumio Otsubo (From L to R) shake hands at a news conference in Tokyo on July 24 after the four companies announced that JVC will form a capital and business tie-up with Kenwood in an attempt to rehabilitate its consumer electronics business. Sparx, an asset management firm, is Kenwood's leading shareholder, and JVC was a Matsushita subsidiary. (Kyodo)

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Hitachi, Canon, Matsushita tie up in flat-panel business

TOKYO, Japan - (From L to R) Canon Inc. President Tsuneji Uchida, Hitachi Ltd. President Kazuo Furukawa and Matsushita Electric Industrial Co. President Fumio Otsubo join hands at a hotel in Tokyo on Dec. 25, after reaching a basic accord to form a comprehensive alliance in the flat-panel display business to jointly manufacture liquid crystal display panels and to accelerate the development of organic light-emitting diode displays. (Kyodo)

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Matsushita to rename itself Panasonic, dropping founder's name

OSAKA, Japan - Fumio Otsubo, president of Matsushita Electric Industrial Co., speaks about the company's decision to rename itself Panasonic Corp. on Oct. 1 at a news conference in Osaka on Jan. 10. Matsushita will drop founder Konosuke Matsushita's name from the company title in an effort to boost its global competitiveness. (Kyodo)

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Matsushita to rename itself Panasonic, dropping founder's name

OSAKA, Japan - Fumio Otsubo, president of Matsushita Electric Industrial Co., speaks about the company's decision to rename itself Panasonic Corp. on Oct. 1 at a news conference in Osaka on Jan. 10. Matsushita will drop founder Konosuke Matsushita's name from the company title in an effort to boost its global competitiveness. (Kyodo)

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Matsushita to go on aggressive with Panasonic brand: president

OSAKA, Japan - Matsushita Electric Industrial Co. President Fumio Otsubo gestures during an interview with Kyodo News. (Kyodo)

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Matsushita logs record net profit on firm sales of digital gear

TOKYO, Japan - Matsushita Electric Industrial Co. President Fumio Otsubo announces in Tokyo on April 28 that his company's group net profit in fiscal 2007 climbed 29.8 percent from the previous year to a record 281.88 billion yen as steady sales in digital and household appliances offset a financial hit stemming from the status change of key group member Victor Co. of Japan. (Kyodo)