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Hirai Kazuo, vice president of Sony, at a November 2, 2011 press conference to announce the company’s first half results for fiscal 2011. Hirai announced that flat-screen TV shipments for fiscal 2012 would be revised downward from 40 million units to 20 million units. (Photo: Jiji Press)
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Panasonic’s PDP plant in Amagasaki, Hyōgo Prefecture. Production has been stopped at the company’s two other PDP plants in the city as part of efforts to restructure its television business. Production has also been halted at a Panasonic plant in Shanghai. (Photo: Sankei Shimbun)
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The CEATEC 2011 exhibition of household electronics and IT products, held in October 2011 at Makuhari Messe in Chiba City, at which participating electronics firms displayed their concepts of the “smart homes” and “smart cities” of the future. (Photo: Sankei Shimbun)
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Panasonic’s president Ōtsubo Fumio announcing the restructuring of the company’s television business at an October 31, 2011 press conference. Panasonic is expected to post a ¥420 billion loss for fiscal 2011, but President Ōtsubo describes the present stage as preparation for “the next leap forward.” (Photo: Sankei Shimbun)