As one of the leading consumer electronics companies in the world, Pansonic generated more than 72 billion U.S. dollars in revenue in fiscal year 2019. Just as Hitachi, Sony and Toshiba, Panasonic is an international conglomerate based in Japan. Panasonic’s total assets in the 2019 fiscal year amounted to over 54 billion U.S. dollars, an decrease of about 2.5 billion U.S. dollars from the previous fiscal year. Aside from the Japan-based companies, LG Electronics and Sharp are also some of Panasonic’s competitors in the consumer electronic market.
Panasonic employed almost 271 thousand people worldwide in FY2019. The number of Panasonic employees has witnessed an increase from 2015, when the company had few than 255 thousand employees worldwide. Panasonic is amongst the companies with the most U.S. patents granted. Despite that, Panasonic’s investments in research and development have seem to stagnate since 2010. In FY2019, Panasonic spent about 4.4 billion U.S. dollars on R&D, compared to the 4.32 spent in 2010.