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 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 fiscal 2020 (year ending March 2020) which was formulated with an aim to break away from the current low-profitability situation and return to profit growth. The Company's ESG policy, the foundations 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 (scheduled for publication on December 10) will include a special feature on value creation through ESG.
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.