Market Chatter: Panasonic Targets 10 Billion Yen in Sports Facilities Revenue in Fiscal 2027

MT Newswires Live05-28

Panasonic's (TYO:6752) unit, Panasonic Electric Works, aims to generate 10 billion yen in revenue from sports facilities in fiscal 2027, Nikkei Asia reported on Thursday, citing Panasonic Electric President Katsufumi Miyamoto.

The target comes as the unit expects stadiums and arenas to be a new growth area as its traditional markets decline, the report said.

The company has already supplied signage and lighting for Toyota Arena Tokyo and Es Con Field, and converted Hanshin Koshien Stadium to LED technology, the news agency said.

The subsidiary is actively pursuing more than 10 arena projects, with a single venue potentially bringing in "hundreds of millions of yen," the publication said, citing a source.

The subsidiary generated 1.16 trillion yen in sales in fiscal 2025, accounting for 14% of Panasonic Holdings' total revenue, while maintaining its top domestic market share in wiring devices and residential lighting, its founding businesses.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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