Panasonic stopped producing TVs in Japan and moved all to overseas factories

Panasonic announced on the 11th that the group has stopped producing TV sets in Japan and will focus on overseas production in the future. At the end of March, the last TV set produced by Japan's Panasonic rolled off the assembly line at a factory in northern Tokyo. Panasonic officials stated that the high cost of producing TVs in small batches in Japan has hurt the company's earnings.

After closing the Japanese production line, Panasonic will continue to manufacture TVs in Malaysia and the Czech Republic. At the same time, Panasonic is also considering outsourcing the production of small and medium-sized TVs to its Chinese competitor TCL. In the future, the Tokyo factory will be used for TV R&D and parts manufacturing.
Panasonic has been producing home TVs since 1952, when the company's name was "Matsushita Electric Industrial Co., Ltd.". Panasonic TV’s global sales reached its highest value in fiscal 2010, exceeding 20 million units. In 2017, the business of Panasonic TV was acquired by Hisense. By fiscal year 2020, global sales of Panasonic TVs have fallen to 3.6 million units.