As of Oct. 1, Japan’s second-largest technology company will
officially assume the name Panasonic Corp., a nod to its global brand.
President Fumio Ohtsubo said the decision was difficult, but that the brand will benefit from shedding the original name for the better-known moniker.
The name change will become effective Oct. 1, pending shareholder approval.
Matsushita was founded in 1918 by then 23-year-old Konosuke