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Business Standard
a day ago
- Business
- Business Standard
Panasonic exits refrigerator, washing machine segments in India amid losses
In washing machines, its share was 1.8 per cent and it was 0.8 per cent for refrigerators. In both the segments, Panasonic was reporting losses in sales over the last six years PTI New Delhi Panasonic is exiting from the refrigerator and washing machine segments in India, as part of global restructuring of business by the Japanese appliances and consumer electronics major. Both the refrigerator and washing machine segments were a loss-making businesses for Panasonic in India, where it was struggling to make a space in the market. According to GFK numbers, Panasonic has a very low market share in both refrigerators and washing machine segments. In washing machines, its share was 1.8 per cent and it was 0.8 per cent for refrigerators. In both the segments, Panasonic was reporting losses in sales over the last six years. When contacted, Panasonic Life Solutions India spokesperson in a statement said this is in line with its global strategy. "In line with our global strategy and evolving market dynamics, Panasonic in India is rebuilding operations to focus on future-ready growth segments such as Home Automation, Heating Ventilation & Cooling (HVAC), and B2B solutions, Electricals and Energy Solution, among others. "As a part of this growth strategy, we will focus on HVAC commercial and residential and televisions in Panasonic Consumer Business category and discontinuing the washing machines and refrigerators categories," she said. Moreover, Panasonic will support dealers in inventory liquidation and will continue to provide full customer service, including parts and warranty coverage. In May this year, Panasonic Group CEO Yuki Kusumi had said that the group is planning to exit from the loss making businesses worldwide to break free from stagnation and position the Panasonic Group for strong and renewed growth for the future. The company has been evaluating loss making business lines and plans to focus on future-ready growth segments depending on market opportunities. For India, the company plans to focus on home automation, heating ventilation & cooling (HVAC), and B2B solutions, electricals and energy solutions, among others. Our entire consumer business portfolio remains intact -- AC, TV, MWO, kitchen appliances, beauty products, Lumix cameras etc. "As we continue our journey towards sustainable long-term growth, we recognise that our efficiency enhancement drive and evolving business model have led to certain roles getting restructured. This is difficult but a necessary step, and we deeply appreciate the contributions of our impacted employees," the spokesperson said. In FY'25 Panasonic India revenue was around Rs 11,500 crore, a double-digit growth overall. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
a day ago
- Business
- Time of India
Consumer electronics reshuffle: Panasonic exits refrigerators and washing machines in India, to focus on HVAC and B2B
Japanese electronics major Panasonic has exited India's refrigerator and washing machine segments as part of a global restructuring strategy, marking a shift toward more profitable and future-ready verticals such as HVAC, B2B, and home automation. Tired of too many ads? go ad free now The two segments had been loss-making for the company in India, where it struggled to gain market share. According to GfK data, Panasonic's market share stood at just 1.8% for washing machines and 0.8% for refrigerators, with six consecutive years of sales losses reported in both categories. 'This is in line with our global strategy and evolving market dynamics,' a Panasonic Life Solutions India spokesperson said in a statement, quoted PTI. 'We will focus on HVAC – commercial and residential – and televisions in the Panasonic Consumer Business category, and discontinue washing machines and refrigerators.' The company will support dealers in liquidating existing inventory and will continue to offer full customer service including parts and warranty coverage, the spokesperson added. The decision follows a broader directive by Panasonic Group CEO Yuki Kusumi, who in May announced plans to exit unprofitable businesses globally in order to break stagnation and drive future growth, PTI reported. For its India operations, Panasonic will continue to invest in key verticals such as home automation, electricals, energy solutions, and B2B technologies. Its consumer electronics portfolio—spanning air conditioners, televisions, kitchen appliances, beauty products, and Lumix cameras—will remain intact, the company clarified. 'In our journey towards long-term sustainable growth, we acknowledge that the evolving business model has led to certain roles being restructured,' the spokesperson said. 'This is a difficult but necessary step, and we deeply appreciate the contributions of our impacted employees.' Panasonic India reported revenue of around Rs 11,500 crore in FY25, posting double-digit growth overall.
Yahoo
13-05-2025
- Business
- Yahoo
Panasonic Announces S1 II, and S1 IIE Mirrorless Cameras Hybrid All-Arounders, First Look YouTube Video on Panasonic S1 II, and S1 IIE Mirrorless Cameras More Info at B&H
Panasonic S1 II Mirrorless Camera Panasonic's second-generation S1 II camera is a workhorse for hybrid creators, with the S1 IIE camera as an essentials option and joined by a new 24-60mm f/2.8 S zoom lens NEW YORK, May 13, 2025 (GLOBE NEWSWIRE) -- B&H is excited to announce Panasonic latest follow-up camera: the full-frame all-arounder S1 II Mirrorless Camera, intended for hybrid creators in need of a high-speed, high-quality workhorse. To that end, the 24.1MP S1 II boasts Panasonic's first partially-stacked sensor, improving read out speeds to deliver both 6K30p open-gate video and up to 70 fps continuous, blackout-free stills shooting—all-time highs for the Lumix line in both categories. The new model, which is smaller and lighter than the S1, also incorporates the celebrated improvements in autofocus and AI subject detection introduced in earlier models while retaining Lumix's renowned rugged, weather-resistant build. Panasonic Lumix S1II Mirrorless Camerahttps:// Key Features 24.1MP Partially Stacked CMOS Sensor 5.1K 60p Open Gate Recording High-Resolution Mode for 96MP Images 8.0-Stop 5-Axis I.S. Technology AFC Burst Shooting up to 70 fps 3" TFT LCD with Static Touch Control CFx Type B & SD/HC/XC Memory Card Slots 5 GHz Wi-Fi and Bluetooth Panasonic is also releasing an Essentials version of the camera, the S1 IIE, and a new S-tier zoom lens, the Lumix S 24-60mm f/2.8. Both cameras are being offered in a kit configuration that comes with the Lumix S 24-105mm f/4 Macro O.I.S. lens. Panasonic Lumix S1 IIE Mirrorless Camera Key Features 24.1MP BSI CMOS Sensor Open gate 6K 30p (3:2) Recording 6K 30p 10-bit Recording to C4K Internal 4:2:2 10-bit Recording Photo Styles and Real Time LUT Blackout-Free OLED Live Viewfinder 3" TFT LCD With Static Touch Control CFx Type B & SD/HC/XC Memory Card Slots 5 GHz Wi-Fi and Bluetooth While the S1 II's megapixel count remains the same as its predecessor, the introduction of Panasonic's first partially-stacked CMOS sensor alongside the high-performance L2 engine powers its advances in speed and image quality. The headliner is the breakthrough burst speed of 70 fps with autofocus enabled and using the electronic shutter. As for the autofocus, the same 779-point Phase Hybrid Autofocus system introduced in the S5 II is here, bolstered by advancements in subject detection and tracking and including a new Urban Sports setting for skateboarding, breakdancing, and other activities. Handheld shooting is supported with five-axis image stabilization rated for up to eight stops, and the camera can produce images of up to 96MP when used in High Resolution mode. Saving images in the HEIF format is now supported. The Panasonic S1 II is also the first Lumix S camera to feature the Dynamic Range Boost option for images with rich tonal range in addition to the expandable sensitivity range spanning ISO 50 to 204800. The Panasonic S1 II camera continues the second generations emphasis on the video side of the hybrid equation, here taking advantage of the partially-stacked sensor to introduce open-gate 6K30p and 5.1K60p video, along with up to 240p in Full HD. With Dynamic Range Boost enabled, the camera reaches 15 stops of V-Log/V-Gamut, and is also compatible with the ARRI LogC3 color space. The S1 II records ProRes RAW internally and externally, along with Blackmagic RAW, via HDMI output. In addition to its reduced footprint, the S1 II features a dust, splash, and freeze-resistant build that encourages users to deploy its high-performance toolset outdoors. The tilting rear touchscreen and EVF simplify capture at any angle, and the Dual Slot memory options—CFexpress B and SD cards—accommodate the shooting speed and power the camera offers. The camera is compatible with a full ecosystem of apps and production tools, including LUMIX Lab, LUMIX Flow, Camera to Cloud, and Capture One for tethered shooting. The camera can save directly to an optional SSD drive via USB, supporting studio workflows. The Essentials S1 IIE has a 24.1MP BSI CMOS sensor with burst shooting up to 30 fps, and is intended for. It features the same autofocus and image stabilization capabilities as the S1 II. It shares the 6K30 open-gate recording, with 14 stops of V-Log, along with C4K/4K, 3.3K, and FHD, with internal 4:2:2 10-bit recording. It shares the same body as the S1 II at just a hair less weight, along with the same ecosystem of apps and production tools. The wide-to-telephoto Lumix S 24-60mm f/2.8 zoom lens is intended for use with the S tier, full-frame cameras, offering smooth bokeh, close focusing, Hybrid Zoom with compatible cameras, and a customizable control ring in the classic mid-range zoom space. It's highly portable at 1.2 lb and 3.9' in length and boasts a close focusing distance of 7.4' for creative close-up work. With aspherical, UED, and ED elements, the advanced optics make it an excellent all-around companion piece for Lumix full-frame cameras, suitable for shooting everything from landscapes and architecture to street snapshots and portraits. Panasonic S1 II and S1 IIE Mirrorless Cameras at B&H Explorahttps:// First Look YouTube Video on Panasonic S1 II and S1 IIE Camerashttps:// See a full list of Panasonic Lumix Cameras Tripods Digital Camerashttps:// Mirrorless Camerashttps:// Camera Strapshttps:// Point and Shoot Camerashttps:// Film Camerashttps:// Now Trending Brother Laser Printershttps:// 4K Monitorshttps:// Curved Gaming Monitorshttps:// About B&H Photo Video As the world's largest source of photography, video, and audio equipment, as well as computers, drones, and home and portable entertainment, B&H is known worldwide for its attentive, knowledgeable sales force and excellent customer service, including fast, reliable shipping. B&H has been satisfying customers worldwide for over 52 years. Visitors to the website can access a variety of educational videos and enlightening articles. The B&H YouTube Channel has an unmatched wealth of educational content. Our entertaining and informative videos feature product overviews from our in-house specialists. Bild Expo 2025 - A Two-Day Celebration of Photography, Content Creation, and Filmmaking"Bild Expo is more than just an event—it's an energetic gathering of like-minded creatives from all corners of the content world," said Jeff Gerstel, Chief Marketing Officer at B&H Photo. "We're beyond excited to create this special opportunity for content creators, photographers, videographers, podcasters, and filmmakers at all levels to learn, connect, and be inspired by the leaders of our industry and the latest gear." Register Today!Secure your spot now! Visit to register and keep updated on event details. When you're in Manhattan, take a tour of the B&H Photo SuperStore, located at 420 Ninth Avenue. The techno-carousel spins all year round at the counters and kiosks at B&H. With hundreds of products on display, the B&H Photo SuperStore is the place to test-drive and compare all the latest gear. The B&H Payboo Credit Card offers the industry's best instant savings and special financing, subject to credit approval. Visit B&H's Payboo Page to learn more and apply. Contact InformationGeoffrey Ngai B&H Photo Video212-615-8820https:// A photo accompanying this announcement is available at A video accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-02-2025
- Entertainment
- Yahoo
Is Panasonic announcing a new camera next week?
When you buy through links on our articles, Future and its syndication partners may earn a commission. Panasonic has posted teaser videos on its social channels announcing a Lumix Livestream taking place on YouTube next week. This is something the company has done when launching its last six cameras, strongly suggesting that a new body might be on the way. The livestream will take place next Tuesday at 09:00 EST / 14:00 GMT, which is Wednesday at 01:00 AEDT. The company's YouTube holding page currently gives nothing away, as both comments and chat are turned off – no doubt to prevent spoilers and rumors spreading. Even the teasers themselves give no clues, with little more than the livestream date along with hashtags for #Lumix and #MotionPicturePerfect (the Lumix motto). So, there are no breadcrumbs about what the big surprise could be. History tells us, however, that this is likely to be a camera. Of the eight previous livestreams on the Lumix YouTube page, six of them were for camera launches like the Panasonic Lumix S9 and the Lumix S5 IIX. Since Panasonic has its finger in almost every pie, from compact cameras and bridge cameras to cinema cameras and mirrorless cameras, it could conceivably fall into any number of categories. However, given that it's only been interchangeable lens mirrorless cameras that have received Lumix Livestreams in the past, smart money says that this will be a Micro Four Thirds G-series announcement or one for the full-frame S-series. Either way, it's an exciting time to be a Panasonic shooter – and given that the big reveal, whatever it is, is coming just a couple of days before the CP+ supershow in Japan, I'll hopefully be able to get my hands on it as I'm visiting the show next week! We'll be covering the announcement live on Tuesday, so stay tuned to find out what all the fuss is about. Take a look at the best Panasonic cameras, along with the best Micro Four Thirds lenses for G cameras and the best L-Mount lenses for S bodies.
