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Mar 7, 2013

Panasonic Establishes Fujisawa SST Management Company

With the establishment of the Fujisawa SST Management Company, Panasonic will provide sustainable and smart services throughout the entire town.

Osaka, Japan - Panasonic Corporation today announced the establishment of the Fujisawa SST Management Company, a town management company to manage and provide the sustainable and smart services throughout the entire town, through joint investment from the partner companies of the Fujisawa SST project.

As smart city and smart town projects develop all over the world, the establishment of systems to develop communities and create a sustainable town is a major issue. Against this background, Panasonic and its partner companies are aiming to provide comprehensive solutions and are working to realize a new type of town development and services focused on the day-to-day lives of its residents.

Outline of the Fujisawa SST Management Company

Company Name Fujisawa SST Management Company
Establishment March 7, 2013
Location 4-1, 6-chome, Tsujido-motomachi, Fujisawa City, Kanagawa Prefecture, Japan
Representative President: Mr. Tomohiko Miyahara
Capital 260 million yen
Capital Ratio
Panasonic Corporation 35.5%
PanaHome Corporation 14.5%
Mitsui Fudosan Residential Co., Ltd. 14.5%
Mitsui & Co., Ltd. 8.0%
Dentsu Inc. 7.5%
Nihon Sekkei Inc. 5.0%
Tokyo Gas Co., Ltd. 5.0%
Nippon Telegraph and Telephone East Corporation 5.0%
Sumitomo Mitsui Trust Bank, Limited 5.0%
Members of the Board Directors
Mr. Masato Nadamoto PanaHome Corporation
Mr. Ko Yokoyama Mitsui Fudosan Residential Co., Ltd.
Mr. Takeshi Hosoya Mitsui & Co., Ltd.
Corporate Auditor
Mr. Tetsuya Motai Sumitomo Mitsui Trust Bank, Limited
External Advisor Accenture
Business Outline
1. Businesses related to home and building maintenance
2. Various property renting, leasing, supervision and maintenance
3. Power generation and supply and sale of electricity
4. Customer service operations utilizing the internet and information systems
5. Businesses related to providing information and communication services
6. Contracting of security staff and assurance of town security
7. Management of the contact center
8. Supervision, use, rent, purchase and sale of real estate
9. Planning, management and operation of various events
10. Operations related to management of the town
11. All businesses incidental to or related to the above items

About Panasonic

Panasonic Corporation is a worldwide leader in the development and manufacture of electronic products in three business fields, consumer, components & devices, and solutions. Based in Osaka, Japan, the company recorded consolidated net sales of 7.85 trillion yen for the year ended March 31, 2012. Panasonic's stock is listed on the Tokyo, Osaka, Nagoya and New York (NYSE:PC) Stock Exchanges. The company has the vision of becoming the No. 1 Green Innovation Company in the Electronics Industry by the 100th year of its founding in 2018. For more information on Panasonic, its brand and commitment to sustainability, visit the company's website at http://panasonic.net/.

Media Contacts:

Tokyo Public Relations Office
Panasonic Corporation
Tel: 03-3574-5664 Fax: 03-3574-5699
Panasonic News Bureau
Tel: 03-3542-6205 Fax: 03-3542-9018
*The content in the following news releases is accurate at the time of publication but may be subject to change without notice. Please note therefore that these documents may not always contain the most up-to-date information.

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