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
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Topic: Establish New Company
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