Panasonic 2018 European lighting sales target of 36 billion yen, intraday stock price fell

Japan's Kyodo News reported that the Japanese consumer electronics maker Panasonic Corp (Panasonic Corp) announced in September 1st that fiscal year 2018 will put the European lighting business sales revenue target in fiscal year 2014 from 30 billion yen to 36 billion yen (about 1 billion 900 million yuan). Panasonic believes that compared with Japan, the European local LED penetration is still low, there is room for growth in the future will be based on the relevant parts of the LED lighting market development. Panasonic will be acquired in 2002 to accelerate the development of the German Vossloh-Schwabe company business. Panasonic lighting business in addition to residential and store lighting equipment, but also engaged in LED bulbs and lighting parts business, with third of the world market share. But in Holland PHILPS strong opponents gathered in the European market, Matsushita did not carry out before the lamp and bulb socket parts business, only to provide lighting manufacturers. Japan in the East Japan earthquake after the emergence of power shortages, as an opportunity to get the popularity of LED, accounting for about 50% of the overall lighting ratio. While Europe has a street lamp and other incandescent lamp culture, LED accounted for only about 30%. Panasonic forecast future concerns about energy saving will push up demand in Europe, the future will enrich the components used in LED lighting. In addition to store lighting, but also the promotion of street lighting brightness and tone control system. In addition to Europe, Panasonic will strengthen the lighting business in China and India and other places. Overall sales of lighting business plan to 2018 fiscal year to enhance the yen to $400 billion, while fiscal year 2014 was $317 billion 700 million. Japanese manufacturers in addition to Panasonic, Toshiba is also in Europe to Germany and France as the center for the sale of LED bulbs and lamps and other products. But it is interesting that the stock price fell 32.5 yen on Wednesday after the yen or 2.51%, at $1264.5.