Panasonic Sells 80% Stake in Housing Unit to YKK in Strategic Partnership; Results in One-off Gain of 60 Billion Yen

MT Newswires Live11-17

Panasonic (TYO:6752) will transfer an 80% stake in its subsidiary, Panasonic Housing Solutions (PHS), to YKK, resulting in a 60 billion yen one-off gain in operating profit.

The final transfer price is to be decided based on the enterprise value of 227.6 billion yen and adjusted based on PHS' net interest-bearing debt and working capital.

The transaction will reduce Panasonic's ownership to 20% and will be accounted for using the equity method, according to its statement on Monday.

This move aims to create a combined entity with a business scale of around 1 trillion yen, enabling it to offer a comprehensive range of construction materials.

Panasonic said that the partnership, focusing on housing equipment and construction materials business, was necessary to make the large-scale investments required for future competitiveness, including in digital transformation and AI.

The deal is scheduled to be completed by the end of March 2026, pending regulatory approvals.

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