Panasonic remains committed to continual Investment in Malaysia by Malaysiakini on 28 July 2023

Business expansion including new R&D for commercial air-conditioners, air-to-water heat pump systems and automotive capacitors business investments in Klang Valley, says Panasonic.

Contrary to recent media reports on Panasonic sunseƫting its operations in Malaysia, the company remains firmly committed to continually investing in the country and contributing to its economy and people.

Panasonic considers Malaysia a critical and strategic regional hub and a strong investment destination.

As of March 2023, Panasonic has around 18,000 employees across various business entities in Malaysia, including high-value manufacturing, R&D, and headquarters operations.

In manufacturing alone, Panasonic employs close to 16,800 workforce. Panasonic Group’s contribution to Malaysia’s GDP is approximately 1 percent, and its total capital investment in Malaysia amounted to RM1.23 billion as of March 31, 2023.

Panasonic will be looking to strengthen its business in areas expecting further growth, such as automotive, environmental, and health and well-being.

Near-term business expansion in the country includes a new R&D building for commercial air-conditioners and air-to-water heat pump systems as well as increased production of automotive capacitors in the Klang Valley.

After much deliberation, the decision to shutter two Panasonic Manufacturing Malaysia Berhad’s departments—rice cooker and small kitchen appliances were made to align with the Group’s global production and strategic growth plans.

The move was also to enhance operational efficiency. The closures were not related to the lawsuits involving employees and suppliers as alleged in some media reports.

The rationalisation exercise affected 223 employees. Of these, 95 opted for the mutual separation scheme (MSS) and the remaining 128 were reassigned to other departments. Those who opted for the MSS received fair and equitable compensation packages.

At the same time, those who were reassigned have been given opportunities for reskilling and training to help them pick up new capabilities and advance in their careers.

Panasonic is continuously looking to develop and expand its businesses in pro-enterprise environments, both in the region and globally, which align with its policies and strategies.

By Panasonic Manufacturing Malaysia Berhad in regards to Malaysiakini Article on 1 June 2023

Media Statement

By Panasonic Manufacturing Malaysia Berhad in regards to Malaysiakini Article on 1 June 2023

As we operate in an increasingly complex environment, Panasonic Manufacturing Malaysia Berhad constantly looks at how we can best adapt and navigate to maximise business efficiencies and grow the company sustainably. The strategies undertaken are thoroughly thought out and any decisions regarding our workforce are made with the utmost consideration and deliberation.

We completed a rationalisation exercise and business restructuring on 31 March 2023. This was in-line with the closure of two product manufacturing departments at the Shah Alam 1 (SA1) plant only. No other plants or departments other than the one stated are affected.

A nominal number of employees within the affected departments were provided with the option of a Mutual Separation Scheme (MSS), and a significant proportion of them voluntarily opted for this opportunity. As an organisation dedicated to maintaining a culture of respect and responsibility, we have been engaging closely with our employees on this matter while providing assistance and support throughout the process. During this rationalisation exercise, those employees who opted for the MSS have received fair and equitable compensation packages which are above industry norms. For the remaining number of employees who did not opt for the MSS, our Human Resource department has provided them with an offer to be transferred to other relevant departments within Panasonic Manufacturing Malaysia Berhad, in positions that suit their skill sets and potential for growth.

Regarding the query on the lawsuits filed in 2016 and 2017, we would like to inform that the same have been successfully resolved. For clarity, the said lawsuits are independent of and unrelated to the recent rationalisation exercise and business restructuring that was completed on 31 March 2023.



The Management of Panasonic Manufacturing Malaysia Berhad has conducted an immediate and thorough investigation on the recent incident that went viral on social media about our company’s handling of stray cats. 

We regret that certain inappropriate remarks by an employee have caused public disappointment and anger. However, independent checks conducted by our company and Selangor Veterinary Department confirmed that there were no incidents of animal abuse within the factory’s premises. 

We want to reiterate that we do not condone any acts of animal abuse or cruelty.

Panasonic Manufacturing Malaysia Berhad remains steadfast in our commitment to ensure our Code of Conduct on Ethics and Behaviour are robust and reflective of the need to demonstrate good social values, and that our employees and partners/vendors abide by it closely.

16 June 2022
Panasonic Manufacturing Malaysia Berhad

54th Annual General Meeting

Posted in AGM

53rd Annual General Meeting

Posted in AGM

MSWG Questionaire 2018

Strategy & Financial Matters


It was stated on page 4 of the Annual Report that there are plans to construct a new building in Shah Alam Plant II.

  1. Could the Board provide the estimated cost for the expansion?
  2. What are the plans for the new building in Shah Alam Plant II?


  1. The estimated cost for the expansion would be RM52.1 million.
  2. The plans for the new building in Shah Alam Plant II were as follows:-
    1. To prepare for expansion growth for new product categories.
    2. To increase in-house production (injection, molding, etc.) and productivity improvement by realigning existing production space. Production area increase approximately by 40%.
    3. To house new infrastructure /facilities to undertake R&D and value-added activities.


As stated on page 7 of the Annual Report, the Company launched a few series of rice cooker such as the 3 in 1 Porridge Rice Cooker and also Quick Cook Rice Cooker with Vietnam as the new target market.

  1. How was the market response for these products?
  2. What is the market outlook for Panasonic products in Vietnam, moving forward?


  1. Vietnam market response is good and products are well accepted especially our new series of Rice Cooker that come with special features. We have achieved the sales target and with the encouraging response will expand the market coverage.
  2. Vietnam continues to experience stronger demand growth due to country living standard increase. Consumers willing to pay more for better product features and premium design outlook for electrical appliances.
    A growing number of consumers have become much more accustomed to making purchases online through popular websites. This trend is expected to spread due to better service and promotional programmes that are exclusively provided on these channels. Consumers become more selective and like to compare through Online channel for factors like price, design, features among the brands before make purchase decision.
    Panasonic continuing emphasis their MM and retail stores channels, and meantime, we also start to focus Online channel in order to capture the sales from this group of consumers.


We note on page 8 of the Annual Report that the Company is trying to reduce the use of foreign workers in the future with the implementation of Automation and Semi-Automation equipment through Robotics Technology.

Could the Board provide the estimated cost, operational advantages and tentative timeframe for the said implementation?


Company is investing on Robotics System Projects to reduce the dependence on foreign labour in the long run. For a start, in FY2019 the Company will be focusing on the Robotics System for Ceiling Fan and Automation of Home Shower Heater Tank manufacturing.

The estimated cost would be RM47 million with the reduction of 190 headcounts. The target implementation is by 2022.

Corporate Governance Matters

Question 1

The Company states that the board meeting papers, accompanying notes and explanations for agenda items were sent to the Directors well in advance of the meetings and therefore has applied Practice 1.5 of the Malaysian Code on Corporate Governance (“MCCG”).

Could the Board confirm how many days in advance of the board meeting are the board papers circulated to the Directors?

Answer 1

The agenda of Board and Board Committee meetings together with the relevant Board papers are distributed five (5) working days prior to the meeting date to allow sufficient information and time for the Directors to review and evaluate the matters to be deliberated at the respective meetings.

Question 2

Tan Sri Datuk Asmat bin Kamaludin who is the Chairman and Independent Non-Executive Director of the Company has served on Board for 16 years 10 months.

Practice 4.2 of the MCCG requires the Board to seek annual shareholders’ approval through two-tier voting process if the Board continues to retain an independent director after the twelfth year.

Will the Board be seeking shareholders’ approval through a two-tier voting process for Tan Sri Datuk Asmat bin Kamaludin to continue as Independent Directors of the Company?

Answer 2

The Board appreciates the practice of the Code for the Company to seek shareholders’ approval to retain the Independent Directors who have served more than 9 years. The Board will be seeking shareholders’ approval through a single-tier voting process for Tan Sri Asmat to continue in office as Independent Director. The board views that the single-tier voting process is sufficient at this juncture to meet the intended outcome for Board decisions to be made objectively in the best interests of the Company talking into account the diverse perspective and insights.

The Board nonetheless has agreed to set a limit for the tenure of the Independent Directors not to exceed 12 years for implementation after the financial year ending 31 March 2021 to enable the Board to plan the succession of Tan Sri Asmat and Datuk Supperamaniam.

Question 3

We note on pages 29 to 30 of the Annual Report that there was no disclosure on Toru Okano, the Executive Director’s attendance on any training during the year as required under Paragraph 15.08 of the Main Market Listing Requirements.

Answer 3

Mr. Toru Okano had attended the following trainings, conferences, seminars and briefing relevant to his functional duties of which had not been declared in the Annual Report:-

No. Continuing Education Program Attended Date
1 Global Strategy Meeting in Hong Kong 10 May 2017
2 ES Compliance Meeting in Singapore 30 October 2017

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