Thank you for reading Panasonic's Annual Report 2019. Panasonic positions its Annual Report as an integrated report incorporating management strategies for medium- to long-term growth; environmental, social and governance (ESG) systems and initiatives that provide a foundation for sustained growth; and operating results, financial position and other information. It is published primarily for investors.
Part one of the Annual Report 2019 features messages from management. The message from the CEO introduces the Company's view on portfolio management, a key factor in the new Mid-term strategy started in fiscal 2020 (year ending March 2020), which was formulated with the aim of breaking away from the current low-profitability situation and returning to profit growth. The Company's ESG policy, the foundation for sustainable growth, is also included in this section. The message from the CFO describes the Company's capital allocation policy to promote business portfolio reform, in addition to initiatives to improve profitability and strengthen the financial base, as well as the Company's approach toward the return of profits to shareholders.
Part two (published on December 10) features a message from the CTO, and messages from the Chairman of the Board and outside directors as explanations of initiatives for strengthening management foundation through ESG.
The message from the CTO presents the Company’s technological and manufacturing capabilities it has developed over the past 100 years, and initiatives towards creating innovation and speedy commercialization. The message from the Chairman of the Board presents the Company’s approach to address social issues through its business activities while taking into account the SDGs and other ESG targets. The messages from the outside directors cover initiatives towards strengthening governance and frank opinions regarding the management issues the Company faces. In addition, messages from the heads of each department are included, discussing specific initiatives for human resources development and environmental activities. The Company hopes that these will provide an understanding of what Panasonic is doing in regards to improving corporate value and actively engaging in ESG, the Company’s management base.
Aiming for sustained growth and increased corporate value, Panasonic will actively conduct dialogues with investors and invite opinions to be considered regarding the Company's management. Thank you for your further understanding and support for the Company.