Panasonic Establishes Fujisawa SST Management Company
June 18, 2013     Japanese 
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Panasonic Establishes Fujisawa SST Management Company - JCN Newswire
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Panasonic Establishes Fujisawa SST Management Company

Osaka, Mar 7, 2013 - (JCN Newswire) - Panasonic Corporation today announced the establishment of the Fujisawa SST Management Company, a town management company to manage and provide the sustainable and smart services throughout the entire town, through joint investment from the partner companies of the Fujisawa SST project.

As smart city and smart town projects develop all over the world, the establishment of systems to develop communities and create a sustainable town is a major issue. Against this background, Panasonic and its partner companies are aiming to provide comprehensive solutions and are working to realize a new type of town development and services focused on the day-to-day lives of its residents.

Outline of the Fujisawa SST Management Company

Company Name: Fujisawa SST Management Company
Establishment: March 7, 2013
Location: 4-1, 6-chome, Tsujido-motomachi, Fujisawa City,
Kanagawa Prefecture, Japan
Representative: President: Mr. Tomohiko Miyahara
Capital: 260 million yen
Capital Ratio: Panasonic Corporation - 35.5%
PanaHome Corporation - 14.5%
Mitsui Fudosan Residential Co., Ltd. - 14.5%
Mitsui & Co., Ltd. - 8.0%
Dentsu Inc. - 7.5%
Nihon Sekkei Inc. - 5.0%
Tokyo Gas Co., Ltd. - 5.0%
Nippon Telegraph and Telephone East - 5.0%
Sumitomo Mitsui Trust Bank, Limited - 5.0%
Members of Board: Directors -
Mr. Masato Nadamoto - PanaHome Corporation
Mr. Ko Yokoyama-Mitsui Fudosan Residential Co., Ltd.
Mr. Takeshi Hosoya - Mitsui & Co., Ltd.
Corporate Auditor -
Mr. Tetsuya Motai - Sumitomo Mitsui Trust Bank, Ltd.
External Advisor -
Accenture
Business Outline: 1. Businesses related to home and building maintenance
2. Various property renting, leasing, supervision and
maintenance
3. Power generation and supply and sale of electricity
4. Customer service operations utilizing the internet
and information systems
5. Businesses related to providing information and
communication services
6. Contracting of security staff and assurance of town
security
7. Management of the contact center
8. Supervision, use, rent, purchase and sale of real
estate
9. Planning, management and operation of various events
10. Operations related to management of the town
11. All businesses incidental to or related to the above
items

About Panasonic

Panasonic Corporation is a worldwide leader in the development and engineering of electronic technologies and solutions for customers in residential, non-residential, mobility and personal applications. Since its founding in 1918, the company has expanded globally and now operates over 500 consolidated companies worldwide, recording consolidated net sales of 7.30 trillion yen for the year ended March 31, 2013. Committed to pursuing new value through innovation across divisional lines, the company strives to create a better life and a better world for its customers. For more information about Panasonic, please visit the company's website at http://panasonic.net/ .

Contact:

Panasonic Corporation
Tokyo Public Relations Office
Tel: +81-3-3574-5664
Fax: +81-3-3574-5699
 


Mar 7, 2013
Source: Panasonic

Panasonic (TSE: 6752) (U.S: PC)

From the Japan Corporate News Network
http://www.japancorp.net
Topic: Establish New Company
View more news from these Sectors: Electronics General


 
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