Mutterings that Panasonic could sell its TV business have begun spreading, thanks to a comment made by the company's president, Yuki Kusumi. According to a report by Nikkei Asia (via FlatpanelsHD) Kusumi reportedly stated "we are prepared to sell it if necessary, but we have not yet decided on a plan" in an earnings call.
The company has supposedly identified its TV division as one of its underperforming sectors, alongside appliances, mechatronics, and industrial devices. While no prospective buyers have been identified yet, Panasonic claims that it will take "drastic measures" by the end of fiscal year 2026 to ensure it returns to profitability.
