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Panasonic Establishes Fujisawa SST Management Company.

Osaka, Mar 7, 2013 - (JCN Newswire) - Panasonic Corporation today announced the establishment of the Fujisawa SST Management Company, a town management company to manage and provide the sustainable and smart services throughout the entire town, through joint investment from the partner companies of the Fujisawa SST project.

As smart city and smart town projects develop all over the world, the establishment of systems to develop communities and create a sustainable town is a major issue. Against this background, Panasonic and its partner companies are aiming to provide comprehensive solutions and are working to realize a new type of town development and services focused on the day-to-day lives of its residents.

Outline of the Fujisawa SST Management Company

Company Name: Fujisawa SST Management Company

Establishment: March 7, 2013

Location: 4-1, 6-chome, Tsujido-motomachi, Fujisawa City,

Kanagawa Prefecture, Japan

Representative: President: Mr. Tomohiko Miyahara

Capital: 260 million yen

Capital Ratio: Panasonic Corporation - 35.5%

PanaHome Corporation - 14.5%

Mitsui Fudosan Residential Co., Ltd. - 14.5%

Mitsui & Co., Ltd. - 8.0%

Dentsu Inc. - 7.5%

Nihon Sekkei Inc. - 5.0%

Tokyo Gas Co., Ltd. - 5.0%

Nippon Telegraph and Telephone East - 5.0%

Sumitomo Mitsui Trust Bank, Limited - 5.0%

Members of Board: Directors -

Mr. Masato Nadamoto - PanaHome Corporation

Mr. Ko Yokoyama-Mitsui Fudosan Residential Co., Ltd.

Mr. Takeshi Hosoya - Mitsui & Co., Ltd.

Corporate Auditor -

Mr. Tetsuya Motai - Sumitomo Mitsui Trust Bank, Ltd.

External Advisor -

Accenture

Business Outline: 1. Businesses related to home and building maintenance

2. Various property renting, leasing, supervision and

maintenance

3. Power generation and supply and sale of electricity

4. Customer service operations utilizing the internet

and information systems

5. Businesses related to providing information and

communication services

6. Contracting of security staff and assurance of town

security

7. Management of the contact center

8. Supervision, use, rent, purchase and sale of real

estate

9. Planning, management and operation of various events

10. Operations related to management of the town

11. All businesses incidental to or related to the above

items

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About Panasonic

Panasonic Corporation is a worldwide leader in the development and manufacture of electronic products in three business fields, consumer, components & devices, and solutions. Based in Osaka, Japan, the company recorded consolidated net sales of 7.85 trillion yen for the year ended March 31, 2012. Panasonic's stock is listed on the Tokyo, Osaka, Nagoya and New York (NYSE:PC) Stock Exchanges. The company has the vision of becoming the No. 1 Green Innovation Company in the Electronics Industry by the 100th year of its founding in 2018. For more information on Panasonic, its brand and commitment to sustainability, visit the company's website at http://panasonic.net/.

Source: Panasonic

Contact:
Panasonic Corporation
Tokyo Public Relations Office
Tel: +81-3-3574-5664
Fax: +81-3-3574-5699


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Publication:JCN Newswires
Geographic Code:9JAPA
Date:Mar 7, 2013
Words:461
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