Organization Chart (Graphic: Business Wire)

2. PSSJ Mergers (Simplified Procedure)

(1) Purpose of PSSJ Mergers

By unifying the system solution businesses which are currently divided into the company for development and manufacture, and the company for sales and solution, we ensure such business closely connected to the market and customers. At the same time, through unification of several functions for system solution, we will aim for expansion of the solution business.

(2) Summary of PSSJ Mergers

		(a)		Schedule of PSSJ Mergers
				In the middle of December, 2012 (planned):	Resolution of the Board of Directors on the merger
				In the middle of December, 2012 (planned):	Signing of the merger agreement
				March 1, 2013 (planned):	Effective date of the merger
				(Note: Among PSSJ Mergers, the merger of PSN by PSSJ will be conducted through the simplified procedures provided under the Company Law of Japan, by which resolutions of the shareholders' meeting of PSSJ will not be required, and the resolution of the shareholders' meeting of PSN is scheduled to be made in the middle of February 2013.
				Furthermore, among PSSJ Mergers, the merger of PSSIS by PSSJ will be conducted through the simplified procedures provided under the Company Law of Japan, by which resolutions of the shareholders' meetings of PSSJ and PSSIS will not be required.)
		(b)		Method of PSSJ mergers
				PSSJ, as the continuing company, will absorb PSN and PSSIS, which will be dissolved upon the merger.
		(c)		Allotment in relation to the merger
				There shall be no allotment of shares or any other consideration upon PSSJ mergers.
		(d)		Treatment of stock acquisition rights and convertible bonds of the dissolving company
				There are no stock acquisition rights or convertible bonds issued by PSN and PSSIS.

(3) Basic information of PSSJ, PSN and PSSIS

(As of September 30, 2012)
				Continuing Company			Dissolving Company			Dissolving Company
(1)		Corporate name		Panasonic SystemSolutions Japan Co., Ltd.(PSSJ, which will change corporate name)			Panasonic SystemNetworks Co., Ltd.(PSN)			Panasonic SystemSolutions InfrastructureCo., Ltd.(PSSIS)
(2)		Head office		21-1, Ginza 8-chome,Chuo-ku, Tokyo, Japan			3-8, Shimomeguro 2-chome, Meguro-ku,Tokyo, Japan			600 Saedo-cho, Tsuzuki-ku,Yokohama City,Kanagawa, Japan
(3)		Name and title of representative		President,Tsugio Iwasa			President,Toshiyuki Takagi			President,Akinori Yanase
(4)		Principal lines of business		Sales of system equipment and AV equipment, plan, development and manufacture of software, etc., design and management of constructions, providing repair, maintenance and management support, and sales of information service, etc.			Development, manufacture and sales of surveillance and monitoring systems, verification and settlement systems, PBX, IP related equipment, business phone, document related equipment, etc.			Development and manufacture of wireless system network, infrastructure green power system, social infrastructure systems, etc.
(5)		Stated capital		350 million yen			29,845 million yen			90 million yen
(6)		Date established		April 1, 2008			December 24, 1955			September 1, 1988
(7)		Number of shares issued		137,601 shares			175,140,851 shares			4,000 shares
(8)		Fiscal year end		March 31			March 31			March 31
(9)		Major shareholders and shareholding ratio		Panasonic Corporation100%			Panasonic Corporation100%			Panasonic SystemNetworks Co., Ltd.100%
(10)		Operating resultsand financialconditions for theyear endedMarch 31, 2012		Panasonic SystemSolutions Japan Co., Ltd.(Non-consolidated,Japan G.A.A.P.)			Panasonic SystemNetworks Co., Ltd.(Non-consolidated,Japan G.A.A.P.)			Panasonic SystemSolutions InfrastructureCo., Ltd.(Non-consolidated,Japan G.A.A.P.)
		Net assets		37,011			74,188			5,071
		Total assets		97,201			141,182			14,983
		Shareholders'equity per share(yen)		268,543.61			422.62			1,266,798.64
		Net sales		261,490			256,163			27,409
		Operating profit(loss)		9,447			(6,108	)		331
		Ordinary income(loss)		9,597			(4,027	)		217
		Net income(loss)attributable tothe company		4,666			(15,085	)		49
		Net income(loss) per shareattributable tothe companyper share (yen)		33,914.28			(86.14	)		12,488.60
Note: In millions of yen, unless otherwise specified.

3. PMC Terminal Business Transfer

(1) Purpose of PMC Terminal Business Transfer

Panasonic intends to build a business structure which is specialized in the mobile phone terminal business in order to concentrate on such business and quickly respond to changes, thereby aiming to enhance business capability and to maintain and expand business in the relevant market.

« First ‹ Previous 1 2 3 4 5 Next › Last »