April

Panasonic Industry Co., Ltd. founded

October

Panasonic Corporation Industry Company launched

Panasonic Corporation Industrial Solutions Company launched

Panasonic Corporation Automotive & Industrial Systems Company launched

Panasonic Corporation Industrial Devices Company launched

Panasonic Electric Works and Sanyo Electric became wholly-owned subsidiaries

The Company changed its name from Matsushita Electric Industrial Co., Ltd. to Panasonic Corporation.

Renamed Matsushita Electronic Components to Panasonic Electronic Devices

Established Matsushita Electronic Components

Incorporated as Matsushita Electric Industrial Co., Ltd.

Started production of small-sized motors

Started production and sales of radio sets (coils, transformers, resistors, etc.)

Name changed to Matsushita Electric Works

Matsushita Electric Appliances Mfg. Co., Ltd. founded