TOKYO, Jul 17 (News On Japan) –
Panasonic Holdings plans to promote its business giant projector enterprise to Orix for round 100 billion yen ($633 million). Panasonic’s business giant projectors have been used throughout the opening and shutting ceremonies of the 2021 Tokyo Olympics and are scheduled for use within the upcoming Paris Olympics beginning subsequent week.
These projectors have been additionally used within the projection mapping on the Tokyo Metropolitan Government Building, which was acknowledged by the Guinness World Records.
According to sources, Panasonic has determined to promote this enterprise to Orix, with the sale value anticipated to be round 100 billion yen.
Panasonic intends to make use of the proceeds from the sale to put money into growth-anticipated companies.
Source: YOMIURI