Announcement of Financial Results: Panasonic Reports Second-Quarter and Six-Month Results

  Announcement of Financial Results: Panasonic Reports Second-Quarter and
  Six-Month Results

  - Goodwill Impairment and Increase in Valuation Allowances to Deferred Tax
          Assets Cause Net Loss; Revises Annual Forecast Downward -

Business Wire

OSAKA, Japan -- October 31, 2012

Panasonic Corporation (Panasonic)(NYSE:PC)(TOKYO:6752) today reported its
consolidated financial results for the second quarter and six months ended
September 30, 2012, of the current fiscal year ending March 31, 2013 (fiscal
2013).

Consolidated Second-quarter Results

Consolidated group sales for the second quarter decreased by 12% to 1,823.7
billion yen compared with 2,075.7 billion yen for the second quarter of the
year ended March 31, 2012 (fiscal 2012), due mainly to sales decrease in
digital products under severe global competition as well as weak Japanese
markets for flat-panel TVs and global note PCs. Of the consolidated group
total, domestic sales amounted to 956.1 billion yen, down by 11% from 1,068.8
billion yen a year ago. Overseas sales decreased by 14% to 867.6 billion yen
from 1,006.9 billion yen a year ago.

During the second quarter under review, despite signs of a moderate recovery,
the global economy continues to contract with much deep remaining uncertainty
due to the European financial crisis and slowdown of the Asian economic
expansion including China. In the meantime, the Japanese market partly showed
its recovery with the growing reconstruction demand following the Great East
Japan Earthquake and the automobile sales growth thanks to the eco-car
subsidy. However, the electronics industry continued to be difficult with
downturn in digital products, especially flat-panel TVs, and sales decline in
electronic components.

Under such business circumstances, Panasonic has been working towards
filtering unprofitable models and enhancing BtoB businesses with one of its
basic guidelines, "Focus on Profitability."

Operating profit^1 increased to 48.8 billion yen from 42.0 billion yen a year
ago, due to fixed cost reductions and streamlining material costs. In the
meantime, pre-tax loss was 316.5 billion yen compared with a loss of 141.9
billion yen a year ago, due mainly to business restructuring expenses
including impairment losses of goodwill and intangible assets. Net loss
attributable to Panasonic Corporation amounted to 698.0 billion yen compared
with a loss of 105.8 billion yen a year ago as a result of the increase in
valuation allowances to deferred tax assets.

^1 For information about operating profit, see Note 2 of the Notes to
consolidated financial statements.

Consolidated Six-month Results

Consolidated group sales for six months ended September 30, 2012 decreased by
9% to 3,638.2 billion yen, compared with 4,005.2 billion yen in the same
period of fiscal 2012. Domestic sales amounted to 1,878.2 billion yen, down by
8% from 2,036.4 billion yen a year ago, while overseas sales decreased by 11%
to 1,760.0 billion yen, down from 1,968.8 billion yen a year ago.

The company's operating profit for the first six months increased to 87.4
billion yen, from 47.6 billion yen a year ago. On the other hand, pre-tax loss
totaled 278.7 billion yen, compared with a loss of 159.3 billion yen a year
ago. This was due mainly to business restructuring expenses of 355.5 billion
yen, including impairment losses of goodwill and intangible assets in other
deductions in solar, consumer-use lithium-ion batteries and mobile phone
businesses. Taking into consideration significant sales decreases in Japan and
continuous severe business environment in the third quarter onwards, in
accordance with U.S. GAAP, the company increased the valuation allowances to
deferred tax assets in Panasonic Corporation and Panasonic Mobile
Communications Co., Ltd., and incurred provision for income taxes of 412.5
billion yen. Accordingly, Net loss attributable to Panasonic Corporation
amounted to 685.2 billion yen compared with a loss of 136.2 billion yen a year
ago.

Consolidated Six-month Breakdown by Segment

The company's six-month consolidated sales and profits by segment with
previous year comparisons are summarized as follows:

AVC Networks

Sales decreased by 24% to 690.0 billion yen from 913.6 billion yen a year ago.
This result was due mainly to significant sales decline in flat-panel TVs, BD
recorders and digital cameras. Segment profit significantly improved to 19.9
billion yen, compared with a loss of 15.7 billion yen a year ago due mainly to
fixed cost reductions and restructuring effects.

Appliances

Sales increased by 2% to 814.0 billion yen, compared with 801.1 billion yen a
year ago. Despite sales decrease in air conditioners, this result was due
mainly to sales increases in refrigerators and washing machines. Segment
profit was slightly lower than the previous year, amounting to 51.0 billion
yen, compared with 52.8 billion yen a year ago.

Systems & Communications

Sales decreased by 12% to 357.3 billion yen from 405.2 billion yen a year ago
due mainly to sales decreases in mobile phones and system-related equipment
such as compact multifunction printers and private branch exchange (PBX)
products. Segment loss amounted to 10.0 billion yen due mainly to sales
decrease, compared with a loss of 6.6 billion yen a year ago.

Eco Solutions

Overall sales remained stable at 740.3 billion yen compared with 742.6 billion
yen a year ago. Despite sales increases in the lighting and environmental
system businesses, this result was due mainly to sales decreases in the energy
system business especially home use fire prevention devices in Japan. Segment
profit decreased by 4% to 18.6 billion yen from 19.4 billion yen a year ago.

Automotive Systems

Sales significantly increased by 38% to 382.7 billion yen from 277.6 billion
yen a year ago due mainly to strong sales in car AVC equipment and car
navigation systems compared with the fiscal 2012 results which were affected
by the Great East Japan Earthquake. Segment profit significantly improved to
8.7 billion yen from 0.7 billion yen a year ago due mainly to sales increase.

Industrial Devices

Sales decreased by 8% to 693.6 billion yen from 751.7 billion yen a year ago.
This result was due mainly to sales decreases in optical pickups and
semiconductors. Segment profit significantly improved to 17.9 billion yen
compared with a loss of 0.6 billion yen a year ago due mainly to fixed cost
reductions.

Energy

Sales decreased by 5% to 292.5 billion yen from 307.7 billion yen a year ago.
Despite sales increase in automotive-use batteries, this result was due mainly
to sales decreases in consumer-use lithium-ion batteries, and solar
photovoltaic systems in Europe. Segment profit improved to 2.8 billion yen
compared with a loss of 9.8 billion yen a year ago due mainly to fixed cost
reductions and streamlining material costs.

Other

Sales decreased significantly by 29% to 698.3 billion yen from 985.3 billion
yen a year ago. The sales decline owing to the SANYO-related business
transfers implemented in fiscal 2012 led to the overall sales decrease.
Segment profit decreased by 36% to 9.4 billion yen from 14.7 billion yen a
year ago due mainly to sales decrease of Manufacturing Solutions Company.

Consolidated Financial Condition

Net cash provided by operating activities for six months ended September 30,
2012 amounted to 20.3 billion yen, an increase of 1.2 billion yen from a year
ago. The amount level was almost in line with a year ago, as the increase in
valuation allowances to deferred tax assets, and impairment losses of goodwill
and intangible assets do not have any impact on cash flow. Net cash used in
investing activities amounted to 79.9 billion yen, a decrease of 50.2 billion
yen from a year ago. This was due primarily to a decrease in capital
expenditures and an increase in proceeds from disposals of investments and
property, plant and equipment. Net cash used in financing activities amounted
to 46.4 billion yen, a decrease of 36.6 billion yen from a year ago, due
mainly to repayment for bonds maturity in fiscal 2012. Taking into
consideration exchange rate fluctuations, cash and cash equivalents totaled
443.9 billion yen as of September 30, 2012, down 130.5 billion yen, compared
with the end of the last fiscal year.

The company's consolidated total assets as of September 30, 2012 decreased by
1,001.3 billion yen to 5,599.8 billion yen from March 31, 2012. This was due
mainly to decreases in other assets and other current assets affected by the
impairment losses of goodwill and intangible assets, and the increase in
valuation allowances to deferred tax assets, as well as decreases in cash and
cash equivalents, and investments and advances. Panasonic Corporation
shareholders' equity decreased by 780.2 billion yen, compared with March 31,
2012, to 1,149.6 billion yen. This was due mainly to decrease in retained
earnings according to net loss attributable to Panasonic Corporation and
deterioration in accumulated other comprehensive income (loss) along with
appreciation of the yen and decline of the market value in investments. Adding
Noncontrolling interests to Panasonic Corporation shareholders' equity, total
equity decreased by 793.3 billion yen to 1,184.3 billion yen compared with
March 31, 2012.

Difference Between Result and Forecast for Consolidated Six-month

Regarding the first six months result of fiscal 2013, sales were 3,638.2
billion yen compared with the forecast of 3,960.0 billion yen, due mainly to
sales decrease in digital consumer products.

Operating profit was 87.4 billion yen, a slight decrease from the forecast of
90.0 billion yen, as fixed cost reductions and streamlining material costs
could not offset the sales decrease.

In the meantime, Pre-tax loss was 278.7 billion yen, compared with the
forecast of an income of 60.0 billion yen, due mainly to incurring business
restructuring expenses including impairment losses of goodwill and intangible
assets in other deductions. The company incurred business restructuring
expenses of 355.5 billion yen. This included 237.8 billion yen of impairment
loss of goodwill and 87.6 billion yen of impairment loss of intangible assets
in solar, consumer-use lithium-ion battery and mobile phone businesses. With
continuous price declines in solar, and consumer-use lithium-ion batteries,
the company revised the strategies for sales and investment which had resulted
in the aforementioned impairments. Regarding the mobile phone business, a
decline in market share in Japan and the revision of the overseas development
strategy resulted in the aforementioned impairments.

Net loss attributable to Panasonic Corporation was 685.2 billion yen, a
deterioration from the original forecast of an income of 15.0 billion yen, due
mainly to an increase in valuation allowances to deferred tax assets. The
company increased the valuation allowances to deferred tax assets in Panasonic
Corporation (371.5 billion yen) and Panasonic Mobile Communications Co., Ltd.
(41.0 billion yen) and incurred provision for income taxes of 412.5 billion
yen in total in accordance with U.S. GAAP. Based on a decline in profitability
due mainly to significant sales decreases in digital consumer products
including flat-panel TVs in Japan and continuous severe business environment
in the third quarter onwards, the company increased valuation allowances to
deferred tax assets of the aforementioned two companies after a careful
consideration over the realizability of deferred tax assets in accordance with
U.S. GAAP. An increase in valuation allowances to deferred tax assets, as well
as impairment losses of goodwill and intangible assets, do not have any impact
on cash flow.

Net loss attributable to Panasonic Corporation, per share was 296.39 yen,
compared with the forecast of an income of 6.49 yen.

Forecast for Fiscal 2013

Regarding full year forecast for fiscal 2013, the company revised its original
sales forecast of 8,100.0 billion yen significantly downward to 7,300.0
billion yen, due mainly to worsening market conditions in digital consumer
products and the slowdown economy in emerging countries.

Operating profit is expected to be 140.0 billion yen, a decrease from the
previous forecast of 260.0 billion yen due mainly to sales decrease.

Pre-tax loss is forecast to be 365.0 billion yen, a deterioration from the
original forecast of an income of 160.0 billion yen, owing primarily to
business restructuring expenses in other deductions incurred in six months
ended September 30, 2012. Anticipated additional business restructuring
expenses in third quarter onward are also expected to contribute to the
downward revision of full year forecasts. Total restructuring expenses for
fiscal 2013 are expected to be 440.0 billion yen, compared with the original
forecast of 41.0 billion yen.

Net loss attributable to Panasonic Corporation is expected to be 765.0 billion
yen, a deterioration from the previous forecast of an income of 50.0 billion
yen mainly as a result of the aforementioned increase in valuation allowances
to deferred tax assets.

Net income attributable to Panasonic Corporation, per share is anticipated to
be a loss of 330.93 yen, compared with the previous forecast of an income of
21.63 yen.

Basic Policy for Providing Return to Shareholders and Dividend forecast for
fiscal 2013

Since its establishment, Panasonic has managed its businesses under the
concept that returning profits to shareholders is one of its most important
policies. From the perspective of return on the capital investment made by
shareholders, Panasonic, in principle, distributes profits to shareholders
based on its business performance and is aiming for stable and continuous
growth in dividends, targeting a dividend payout ratio of between 30% and 40%
with respect to consolidated net income attributable to Panasonic Corporation.

In fiscal 2013, the company previously announced on May 11, 2012, its forecast
of a total dividend of 10.0 yen per common share to shareholders (5.0 yen each
for interim and year-end dividends), considering the above policy and ensuring
the stable return of profits to shareholders. However, the company now
forecasts a significant net loss again following last fiscal year, while there
is an urgent need to improve its financial position. Under such conditions,
the Board of Directors of the company resolved today not to distribute
dividends for the interim (semi-annual) for fiscal 2013. The year-end dividend
for fiscal 2013 is also expected not to be distributed. The company regrets
the need to undertake this revision. Though business conditions are expected
to become much more severe, every possible effort will be made to improve both
business and financial positions as soon as possible aiming for the stable
return of profits to shareholders.

Panasonic Corporation is one of the world's leading manufacturers of
electronic and electric products for consumer, business and industrial use.
Panasonic's shares are listed on the Tokyo, Osaka, Nagoya and New York stock
exchanges.

For more information, please visit the following web sites:

Panasonic home page URL: http://panasonic.net/

Panasonic IR web site URL: http://panasonic.net/ir/

Disclaimer Regarding Forward-Looking Statements

This press release includes forward-looking statements (within the meaning of
Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S.
Securities Exchange Act of 1934) about Panasonic and its Group companies (the
Panasonic Group). To the extent that statements in this press release do not
relate to historical or current facts, they constitute forward-looking
statements. These forward-looking statements are based on the current
assumptions and beliefs of the Panasonic Group in light of the information
currently available to it, and involve known and unknown risks, uncertainties
and other factors. Such risks, uncertainties and other factors may cause the
Panasonic Group's actual results, performance, achievements or financial
position to be materially different from any future results, performance,
achievements or financial position expressed or implied by these
forward-looking statements. Panasonic undertakes no obligation to publicly
update any forward-looking statements after the date of this press release.
Investors are advised to consult any further disclosures by Panasonic in its
subsequent filings with the U.S. Securities and Exchange Commission pursuant
to the U.S. Securities Exchange Act of 1934 and its other filings.

The risks, uncertainties and other factors referred to above include, but are
not limited to, economic conditions, particularly consumer spending and
corporate capital expenditures in the United States, Europe, Japan, China and
other Asian countries; volatility in demand for electronic equipment and
components from business and industrial customers, as well as consumers in
many product and geographical markets; currency rate fluctuations, notably
between the yen, the U.S. dollar, the euro, the Chinese yuan, Asian currencies
and other currencies in which the Panasonic Group operates businesses, or in
which assets and liabilities of the Panasonic Group are denominated; the
possibility of the Panasonic Group incurring additional costs of raising
funds, because of changes in the fund raising environment; the ability of the
Panasonic Group to respond to rapid technological changes and changing
consumer preferences with timely and cost-effective introductions of new
products in markets that are highly competitive in terms of both price and
technology; the possibility of not achieving expected results on the alliances
or mergers and acquisitions including the business reorganization after the
acquisition of all shares of Panasonic Electric Works Co., Ltd. and SANYO
Electric Co., Ltd.; the ability of the Panasonic Group to achieve its business
objectives through joint ventures and other collaborative agreements with
other companies; the ability of the Panasonic Group to maintain competitive
strength in many product and geographical areas; the possibility of incurring
expenses resulting from any defects in products or services of the Panasonic
Group; the possibility that the Panasonic Group may face intellectual property
infringement claims by third parties; current and potential, direct and
indirect restrictions imposed by other countries over trade, manufacturing,
labor and operations; fluctuations in market prices of securities and other
assets in which the Panasonic Group has holdings or changes in valuation of
long-lived assets, including property, plant and equipment and goodwill,
deferred tax assets and uncertain tax positions; future changes or revisions
to accounting policies or accounting rules; as well as natural disasters
including earthquakes, prevalence of infectious diseases throughout the world,
disruption of supply chain and other events that may negatively impact
business activities of the Panasonic Group. The factors listed above are not
all-inclusive and further information is contained in Panasonic's latest
annual reports, Form 20-F, and any other reports and documents which are on
file with the U.S. Securities and Exchange Commission.

            (Financial Tables and Additional Information Attached)

                                                                
Panasonic Corporation
Consolidated Statements of Operations and

Consolidated Statements of Comprehensive Income (Loss)  *
(Three months ended September 30)
                                                                    
Consolidated Statements of Operations
                                  Yen (millions)                    Percentage
                                  2012             2011             2012/2011
Net sales                         ¥ 1,823,662      ¥ 2,075,650      88    %
Cost of sales                       (1,359,018 )     (1,538,814 )
Selling, general and
administrative expenses             (415,881   )     (494,813   )
Interest income                     2,343            3,310
Dividends received                  310              999
Interest expense                    (6,456     )     (6,827     )
Expenses associated with
the implementation of
early retirement programs *         (14,091    )     (19,738    )
Other income (deductions), net     (347,365   )    (161,677   )
*
Income (loss) before income         (316,496   )     (141,910   )   --
taxes
Provision for income taxes          (383,968   )     18,808
Equity in earnings of
associated companies               1,915          2,569      
Net income (loss)                   (698,549   )     (120,533   )   --
Less net income (loss)
attributable to
noncontrolling interests           (570       )    (14,733    )
Net income (loss) attributable
to
Panasonic Corporation             ¥ (697,979   )   ¥ (105,800   )   --
Net income (loss) attributable
to
Panasonic Corporation, basic
per common share                  (301.93) yen     (45.75) yen
per ADS                           (301.93) yen     (45.75) yen
Net income (loss) attributable
to
Panasonic Corporation, diluted
per common share *                  --               --
per ADS *                           --               --
                                                                    
<Supplementary Information *>
Depreciation (tangible assets)    ¥ 69,779         ¥ 75,394
Capital investment **             ¥ 86,312         ¥ 85,581
R&D expenditures                  ¥ 125,983        ¥ 134,670
Number of employees (September      321,896          360,700
30)
                                                                    
Consolidated Statements of Comprehensive Income (Loss)
                                  Yen (millions)                    Percentage
                                  2012             2011             2012/2011
Net income (loss)                 ¥ (698,549   )   ¥ (120,533   )   --
Other comprehensive income
(loss), net of tax
Translation adjustments             (16,405    )     (77,110    )
Unrealized holding gains
(losses)
of available-for-sale               (4,591     )     (32,850    )
securities
Unrealized gains (losses) of
derivative instruments              (421       )     198
Pension liability adjustments      894            3,971      
                                   (20,523    )    (105,791   )
Comprehensive income (loss)         (719,072   )     (226,324   )   --
Less comprehensive income
(loss) attributable to
noncontrolling interests           (1,500     )    (19,594    )
Comprehensive income (loss)
attributable to Panasonic         ¥ (717,572   )   ¥ (206,730   )   --
Corporation
                                                                    
(Parentheses indicate expenses, deductions or losses.)
                                                                    
* See Notes to consolidated financial statements.
** These figures are calculated on an accrual basis.
                                                                    

                                                                
Panasonic Corporation
Consolidated Statements of Operations and

Consolidated Statements of Comprehensive Income (Loss)  *
(Six months ended September 30)
                                                                    
Consolidated Statements of Operations
                                  Yen (millions)                    Percentage
                                  2012             2011             2012/2011
Net sales                         ¥ 3,638,160      ¥ 4,005,198      91    %
Cost of sales                       (2,710,013 )     (2,994,321 )
Selling, general and
administrative expenses             (840,781   )     (963,278   )
Interest income                     5,146            6,736
Dividends received                  2,538            3,814
Interest expense                    (12,082    )     (14,172    )
Expenses associated with
the implementation of
early retirement programs *         (14,483    )     (23,309    )
Other income (deductions), net     (347,156   )    (180,011   )
*
Income (loss) before income         (278,671   )     (159,343   )   --
taxes
Provision for income taxes          (411,421   )     1,355
Equity in earnings of
associated companies               2,618          4,831      
Net income (loss)                   (687,474   )     (153,157   )   --
Less net income (loss)
attributable to
noncontrolling interests           (2,304     )    (17,006    )
Net income (loss) attributable
to
Panasonic Corporation             ¥ (685,170   )   ¥ (136,151   )   --
Net income (loss) attributable
to
Panasonic Corporation, basic
per common share                  (296.39) yen     (58.88) yen
per ADS                           (296.39) yen     (58.88) yen
Net income (loss) attributable
to
Panasonic Corporation, diluted
per common share *                  --               --
per ADS *                           --               --
                                                                    
<Supplementary Information *>
Depreciation (tangible assets)    ¥ 137,616        ¥ 150,265
Capital investment **             ¥ 156,898        ¥ 149,521
R&D expenditures                  ¥ 248,473        ¥ 266,851
Number of employees (September      321,896          360,700
30)
                                                                    
Consolidated Statements of Comprehensive Income (Loss)
                                  Yen (millions)                    Percentage
                                  2012             2011             2012/2011
Net income (loss)                 ¥ (687,474   )   ¥ (153,157   )   --
Other comprehensive income
(loss), net of tax
Translation adjustments             (67,152    )     (105,437   )
Unrealized holding gains
(losses)
of available-for-sale               (30,834    )     (34,736    )
securities
Unrealized gains (losses) of
derivative instruments              4,764            1,657
Pension liability adjustments      5,351          6,756      
                                   (87,871    )    (131,760   )
Comprehensive income (loss)         (775,345   )     (284,917   )   --
Less comprehensive income
(loss) attributable to
noncontrolling interests           (6,811     )    (23,272    )
Comprehensive income (loss)
attributable to Panasonic         ¥ (768,534   )   ¥ (261,645   )   --
Corporation
                                                                    
(Parentheses indicate expenses, deductions or losses.)
                                                                    
* See Notes to consolidated financial statements.
** These figures are calculated on an accrual basis.
                                                                    

                                                             
Panasonic Corporation
Consolidated Balance Sheets **
September 30, 2012
With comparative figures for March 31, 2012
                                                                
                                               Yen (millions)
Assets                                         Sept. 30, 2012   March 31, 2012
Current assets:
Cash and cash equivalents                      ¥  443,899       ¥  574,411
Time deposits                                     27,469           36,575
Short-term investments                            461              483
Trade receivables:
Notes                                             81,340           73,044
Accounts                                          909,674          963,202
Allowance for doubtful receivables                (24,221   )      (26,604   )
Inventories                                       851,730          801,991
Other current assets                             309,185        454,663   
Total current assets                             2,599,537      2,877,765 
Investments and advances                          349,053          451,879
Property, plant and equipment,
net of accumulated depreciation                   1,728,015        1,762,558
Other assets                                     923,146        1,508,853 
Total assets                                   ¥  5,599,751    ¥  6,601,055 
                                                                
Liabilities and Equity
Current liabilities:
Short-term debt, including current portion
of long-term debt                              ¥  653,519       ¥  633,847
Trade payables:
Notes                                             55,183           53,243
Accounts                                          758,907          797,770
Other current liabilities                        1,278,366      1,394,644 
Total current liabilities                        2,745,975      2,879,504 
Noncurrent liabilities:
Long-term debt                                    908,135          941,768
Other long-term liabilities                      761,385        802,217   
Total noncurrent liabilities                     1,669,520      1,743,985 
Total liabilities                                4,415,495      4,623,489 
Panasonic Corporation shareholders' equity:
Common stock                                      258,740          258,740
Capital surplus                                   1,117,480        1,117,530
Legal reserve                                     95,544           94,512
Retained earnings                                 743,407          1,441,177
Accumulated other
comprehensive income (loss) *                     (818,519  )      (735,155  )
Treasury stock, at cost                          (247,021  )     (247,018  )
Total Panasonic Corporation shareholders'        1,149,631      1,929,786 
equity
Noncontrolling interests                         34,625         47,780    
Total equity                                     1,184,256      1,977,566 
Total liabilities and equity                   ¥  5,599,751    ¥  6,601,055 
                                                                
* Accumulated other comprehensive income (loss) breakdown:
                                                                
                                                                
                                               Yen (millions)
                                               Sept. 30, 2012   March 31, 2012
Cumulative translation adjustments             ¥  (544,799  )   ¥  (482,168  )
Unrealized holding gains (losses) of
available-for-sale securities                     (17,513   )      13,283
Unrealized gains (losses) of derivative           1,036            (3,728    )
instruments
Pension liability adjustments                     (257,243  )      (262,542  )
                                                                
**See Notes to consolidated financial statements.
                                                                

                                                       
Panasonic Corporation
Consolidated Information by Segment  *
(Six months ended September 30)
By Segment:
                             Yen (billions)                Percentage
[Sales]                      2012           2011           2012/2011
AVC Networks                 ¥ 690.0        ¥ 913.6        76     %
Appliances                     814.0          801.1        102    %
Systems & Communications       357.3          405.2        88     %
Eco Solutions                  740.3          742.6        100    %
Automotive Systems             382.7          277.6        138    %
Industrial Devices             693.6          751.7        92     %
Energy                         292.5          307.7        95     %
Other                         698.3        985.3       71     %
Subtotal                       4,668.7        5,184.8      90     %
Eliminations                  (1,030.5 )    (1,179.6 )   --
Consolidated total           ¥ 3,638.2     ¥ 4,005.2     91     %
                                                           
[Segment Profit (Loss)]*
AVC Networks                 ¥ 19.9         ¥ (15.7    )   --
Appliances                     51.0           52.8         97     %
Systems & Communications       (10.0    )     (6.6     )   --
Eco Solutions                  18.6           19.4         96     %
Automotive Systems             8.7            0.7          1211   %
Industrial Devices             17.9           (0.6     )   --
Energy                         2.8            (9.8     )   --
Other                         9.4          14.7        64     %
Subtotal                       118.3          54.9         215    %
Corporate and eliminations    (30.9    )    (7.3     )   --
Consolidated total           ¥ 87.4        ¥ 47.6        184    %
                                                           
* See Notes to consolidated financial statements.
                                                           

                                                               
Panasonic Corporation
Consolidated Statements of Cash Flows *
(Six months ended September 30)
                                                                  
                                                   Yen (millions)
                                                   2012           2011
Cash flows from operating activities:
Net income (loss)                                  ¥ (687,474 )   ¥ (153,157 )
Adjustments to reconcile net income (loss) to
net cash provided by operating activities:
Depreciation and amortization                        170,063        191,418
Net (gain) loss on sale of investments               (7,707   )     1,159
Cash effects of changes in, excluding
acquisition:
Trade receivables                                    14,452         (31,750  )
Inventories                                          (74,760  )     (66,583  )
Trade payables                                       862            (936     )
Retirement and severance benefits                    (3,821   )     (7,880   )
Other                                               608,702      86,878   
Net cash provided by operating activities           20,317       19,149   
                                                                  
Cash flows from investing activities:
Proceeds from disposition of investments
and advances                                         57,586         21,809
Increase in investments and advances                 (1,899   )     (3,242   )
Capital expenditures                                 (175,553 )     (191,476 )
Proceeds from disposals of property, plant and       46,625         33,639
equipment
(Increase) decrease in time deposits                 7,599          14,251
Other                                               (14,236  )    (5,031   )
Net cash used in investing activities               (79,878  )    (130,050 )
                                                                  
Cash flows from financing activities:
Increase (decrease) in short-term debt               17,654         15,006
Increase (decrease) in long-term debt                (44,112  )     (75,129  )
Dividends paid to Panasonic Corporation              (11,559  )     (10,351  )
shareholders
Dividends paid to noncontrolling interests           (7,918   )     (7,589   )
(Increase) decrease in treasury stock                (12      )     (9       )
Purchase of noncontrolling interests and Other      (499     )    (5,013   )
Net cash used in financing activities               (46,446  )    (83,085  )
                                                                  
Effect of exchange rate changes on cash
and cash equivalents                                (24,505  )    (40,245  )
Net increase (decrease) in cash and cash             (130,512 )     (234,231 )
equivalents
Cash and cash equivalents at beginning of period    574,411      974,826  
Cash and cash equivalents at end of period         ¥ 443,899     ¥ 740,595  
                                                                  
*See Notes to consolidated financial statements.
                                                                  

Notes to consolidated financial statements:

      The company's consolidated financial statements are prepared in
1.   conformity with U.S. generally accepted accounting principles (U.S.
      GAAP).

      In order to be consistent with generally accepted financial reporting
      practices in Japan, operating profit, a non-GAAP measure, is presented
      as net sales less cost of sales and selling, general and administrative
2.    expenses. The company believes that this is useful to investors in
      comparing the company's financial results with those of other Japanese
      companies. Please refer to the accompanying consolidated statement of
      operations and Note 3 for the U.S. GAAP reconciliation.

      In accordance with U.S. GAAP, expenses associated with the
3.    implementation of early retirement programs at certain domestic and
      overseas companies and the impairment loss on goodwill and fixed assets
      are included as part of operating profit in the statement of operations.

      In June 2011, FASB issued Accounting Standards Update (ASU) 2011-05,
      "Presentation of Comprehensive Income." Accordingly, the company adopted
4.    ASU 2011-05 from fiscal 2013 and presents the consolidated statement of
      comprehensive income (loss) following the consolidated statement of
      operations.

      In other income (deductions), the company incurred expenses associated
5.    with the implementation of early retirement programs of certain domestic
      and overseas companies.

6.    The impairment losses of goodwill and intangible assets are included in
      Other income (deductions), net.

      The impairment losses of goodwill and intangible assets, and an increase
7.    in the valuation allowances to deferred tax assets are included in Other
      of cash flows from operating activities.

      Diluted net income (loss) per share attributable to Panasonic
8.    Corporation common shareholders has been omitted because the company did
      not have potential common shares that were outstanding for the period.

      Regarding consolidated segment profit (loss), expenses for basic
9.    research and administrative expenses at the corporate headquarters level
      are treated as unallocatable expenses for each segment, and are included
      in Corporate and eliminations.

10.   Panasonic Electronic Devices Co., Ltd. and Panasonic Electronic Devices
      Japan Co., Ltd., were absorbed by the company on April 1, 2012.

      Effective from the beginning of fiscal 2013, investments and
      depreciation expenses in molding dies are included in "Capital
      investment" and "Depreciation (tangible assets)," respectively.
11.   Accordingly, the amounts of "Depreciation (tangible assets)" and
      "Capital investment" of supplementary information on consolidated
      statements of operations for fiscal 2012 are changed. The related
      amounts of the consolidated statements of cash flows and consolidated
      balance sheets for fiscal 2012 are also changed.

      Based on the board of directors meeting held on September 28, 2012, the
      company resolved to issue unsecured straight bonds up to 150.0 billion
12.   yen in order to enhance the stability of financial position with
      long-term stabilization of debt. The company plans to issue the bonds
      through public offering in Japan for the purpose of redemption of
      commercial paper and bonds.

      The board of directors of the company, held on September 28, 2012,
      resolved to set a credit line in order to secure the measures for
13.   stability of funds. Accordingly the company signed agreements with
      several banks as of October 1, 2012. Total amount of unsecured line of
      credit on this agreement is 600.0 billion yen.

      The company's segments are classified according to a business
14.   domain-based management system, which focuses on global consolidated
      management by each business domain company, in order to ensure
      consistency of its internal management structure and disclosure.

      The company restructured its Group organization on January 1, 2012,
      resulting in the number of reportable segments from six to eight.
      Accordingly, segment information for the six months ended September 30,
      2011 has been reclassified to conform to the presentation for the six
      months ended September 30, 2012.

      Other segment consists of Healthcare Company, Manufacturing Solutions
      Company, PanaHome Corporation and others.

15.   Number of consolidated companies: 561 (including parent company)

16.   Number of associated companies under the equity method: 101
      
      

                                                                                           
Supplemental Consolidated Financial Data for Fiscal 2013
Second Quarter and Six Months ended September 30, 2012
                                                                                                      
1. Segment Information
yen (billions)
                 Fiscal 2013 Second Quarter                    Fiscal 2013 Six Months ended September 30,
                                                               2012
                Sales     13/12   Segment  % of    13/12   Sales      13/12   Segment  % of    13/12
                                    Profit    sales                                Profit    sales
AVC Networks     330   .3  71  %   12   .5  3  .8%  -      690    .0  76  %   19   .9  2  .9%  -    
Appliances       382   .6  100 %   13   .6  3  .6%  76  %   814    .0  102 %   51   .0  6  .3%  97   %
Systems &        192   .8  86  %   -1   .7  -0 .9%  -      357    .3  88  %   -10  .0  -2 .8%  -    
Communications
Eco Solutions    385   .1  100 %   14   .7  3  .8%  111 %   740    .3  100 %   18   .6  2  .5%  96   %
Automotive       192   .0  116 %   4    .5  2  .3%  102 %   382    .7  138 %   8    .7  2  .3%  1211 %
Systems
Industrial       355   .4  92  %   10   .6  3  .0%  523 %   693    .6  92  %   17   .9  2  .6%  -    
Devices
Energy           149   .9  92  %   2    .7  1  .8%  -      292    .5  95  %   2    .8  0  .9%  -    
Other            354   .8  71  %   5    .3  1  .5%  49  %   698    .3  71  %   9    .4  1  .3%  64   %
Total            2,342 .9  88  %   62   .2  2  .7%  165 %   4,668  .7  90  %   118  .3  2  .5%  215  %
Corporate and    -519  .2  -      -13  .4  -      -      -1,030 .5  -      -30  .9  -      -    
eliminations
Consolidated    1,823 .7  88  %  48   .8  2  .7%  116 %  3,638  .2  91  %  87   .4  2  .4%  184  %
total
                                                                                                      
                                                                                                      
2. Domain Companies' Information
(Business domain company basis)
<Sales and Domain Company Profit >
yen (billions)
                 Fiscal 2013 Second Quarter                    Fiscal 2013 Six Months ended September 30,
                                                               2012
                                    Domain    % of                                 Domain    % of
                Sales     13/12   Company  sales   13/12   Sales      13/12   Company  sales   13/12
                                    Profit                                         Profit
Healthcare       33    .0  94  %   2    .1  6  .4%  98  %   65     .3  98  %   3    .9  6  .0%  130  %
Company
Manufacturing
Solutions       37    .5  81  %  5    .0  13 .3%  64  %  82     .1  88  %  11   .3  13 .8%  78   %
Company
Note: Healthcare Company and Manufacturing Solutions Company are included in Other segment.
                                                                                                      

                                                              
3. Sales by Region
yen (billions)
                                                                      
                 Fiscal 2013 Second Quarter       Fiscal 2013 Six Months ended
                                                  September 30, 2012
                                                                 
                                    Local                             Local
                        13/12  currency                13/12  currency
                                    basis 13/12                       basis
                                                                      13/12
 Domestic       956   .1  89  %  -            1,878  .2  92  %  -     
  Overseas       867   .6  86  %  88     %      1,760  .0  89  %  93    %
  North and
  South          242   .6  99  %  100    %      486    .6  101 %  103   %
  America
  Europe         152   .2  81  %  89     %      320    .4  83  %  93    %
  Asia           210   .9  81  %  83     %      438    .4  85  %  89    %
 China          261   .9  83  %  82     %      514    .6  88  %  88    %
 Total         1,823 .7  88  %  89     %     3,638  .2  91  %  92    %
                                                                      

                                                                
4. Sales by Products
yen (billions)
                                                                      
                                                        Fiscal 2013 Six Months
                           Fiscal 2013 Second Quarter   ended
                                                        September 30, 2012
                                                                     
                                        13/12^*                 13/12^*
LCD TVs                    95     .9      84     %     188   .2     87    %
Plasma TVs                 34     .8      43     %     77    .2     48    %
Digital cameras            26     .3      63     %     60    .9     71    %
BD recorders / players     10     .5      37     %     23    .5     38    %
Air conditioners           63     .7      84     %     166   .2     93    %
Washing machines and       39     .4      112    %     75    .3     114   %
clothes dryers
Refrigerators              43     .1      114    %     82    .8     117   %
Electronic components      163    .8      95     %     329   .9     99    %
and materials
Semiconductors            37     .9      93     %    75    .5     92    %

    The company restructured its Group organization on January 1, 2012.
*  Accordingly, the company reclassifiedthe figures of fiscal 2012 included
    in the prior segments of PEW and PanaHome, and SANYO.
    

5. Capital Investment by Segments^*
yen (billions)
                                                                
                                                        Fiscal 2013 Six Months
                           Fiscal 2013 Second Quarter   ended
                                                        September 30, 2012
                                                                     
                                         13-12                   13-12
AVC Networks               13    .9        -5   .7     22    .1     -7   .9
Appliances                 11    .9        -0   .8     23    .3     +1   .2
Systems & Communications   2     .5        -0   .8     4     .3     -2   .0
Eco Solutions              7     .4        -1   .1     15    .2     -1   .3
Automotive Systems         2     .6        +0   .9     4     .5     +1   .3
Industrial Devices         22    .4        +3   .9     41    .1     +5   .7
Energy                     19    .8        +6   .6     36    .3     +15  .4
Other                      5     .8        -2   .3     10    .1     -5   .0
Total                     86    .3        +0   .7    156   .9     +7   .4
* These figures are calculated on an accrual basis.

        Effective from the beginning of fiscal 2013, investments in molding
Note:  dies are included in "Capital investment."
        Accordingly, the amounts of "Capital Investment" for fiscal 2012 are
        changed.
        

                                                              
6. Foreign Currency Exchange Rates/Transaction
<Export Rates>
            Fiscal       Six Months ended   Fiscal       Fiscal     Six Months
           2012        September 30,     2012         2013      ended
            2nd          2012               Full Year    2nd        September
            quarter                                      quarter    30, 2013
U.S.        ¥81         ¥81               ¥80          ¥80       ¥79
Dollars
Euro       ¥115        ¥114              ¥111        ¥104      ¥103
                                                                    
<Rates Used for Consolidation>
            Fiscal       Six Months ended   Fiscal       Fiscal     Six Months
           2012        September 30,     2012         2013      ended
            2nd          2012               Full Year    2nd        September
            quarter                                      quarter    30, 2013
U.S.        ¥78         ¥80               ¥79          ¥79       ¥80
Dollars
Euro       ¥110        ¥114              ¥109        ¥98       ¥101
                                                                    
<Foreign Currency Transaction>
            Fiscal       Six Months ended   Fiscal       Fiscal     Six Months
           2012        September 30,     2012         2013      ended
            2nd          2012               Full Year    2nd        September
            quarter                                      quarter    30, 2013
U.S.        US$0.9      US$1.8 billion    US$3.0       US$0.6    US$1.2
Dollars     billion                         billion      billion    billion
Euro       €0.4        €0.8 billion      €1.7        €0.5      €0.9
            billion                         billion      billion    billion
                                                                    
7. Number of Employees
(persons)
            End of       End of March       End of       End of
           Sept. 2011   2012               June 2012    Sept.
                                                         2012
Domestic    143,321      133,605            132,815      131,143
Overseas    217,379      197,162            194,697      190,753
Total      360,700     330,767           327,512     321,896
                                                                    

                                                                                            
8. Fiscal 2013 Annual Forecasts
(1) Segment Information
yen (billions)
                 Fiscal 2013 Forecast (as of May 11, 2012)      Fiscal 2013 Forecast (as of October 31,
                                                                2012)
                Sales      13/12   Segment  % of    13/12   Sales      13/12   Segment  % of    13/12
                                     Profit    sales                                Profit    sales
AVC Networks     1,730  .0  101 %   60   .0  3  .5%  -      1,410  .0  82  %   22   .0  1  .6%  -   
Appliances       1,630  .0  106 %   100  .0  6  .1%  123 %   1,540  .0  100 %   82   .0  5  .3%  101 %
Systems &        900    .0  107 %   24   .0  2  .7%  138 %   790    .0  94  %   9    .0  1  .1%  52  %
Communications
Eco Solutions    1,600  .0  105 %   60   .0  3  .8%  102 %   1,560  .0  102 %   55   .0  3  .5%  93  %
Automotive       720    .0  110 %   18   .0  2  .5%  364 %   740    .0  113 %   13   .0  1  .8%  263 %
Systems
Industrial       1,420  .0  101 %   40   .0  2  .8%  -      1,350  .0  96  %   23   .0  1  .7%  -   
Devices
Energy           660    .0  107 %   3    .0  0  .5%  -      580    .0  94  %   0    .0  0  .0%  -   
Other            1,660  .0  88  %   24   .0  1  .4%  102 %   1,420  .0  75  %   10   .0  0  .7%  42  %
Total            10,320 .0  101 %   329  .0  3  .2%  407 %   9,390  .0  92  %   214  .0  2  .3%  265 %
Corporate and    -2,220 .0  -      -69  .0  -      -      -2,090 .0  -      -74  .0  -      -   
eliminations
Consolidated    8,100  .0  103 %  260  .0  3  .2%  595 %  7,300  .0  93  %  140  .0  1  .9%  320 %
total
                                                                                                       
                                                                                                       
(2) Domain Companies' Information
(Business domain company basis)
<Sales and Domain Company Profit >
yen (billions)
                 Fiscal 2013 Forecast (as of May 11, 2012)      Fiscal 2013 Forecast (as of October 31,
                                                                2012)
                                     Domain    % of                                 Domain    % of
                Sales      13/12   Company  sales   13/12   Sales      13/12   Company  sales   13/12
                                     Profit                                         Profit
Healthcare       139    .8  105 %   9    .1  6  .5%  103 %   135    .6  102 %   8    .3  6  .1%  92  %
Company
Manufacturing
Solutions       186    .0  116 %  29   .0  15 .6%  116 %  143    .8  90  %  14   .8  10 .3%  59  %
Company
Note: Healthcare Company and Manufacturing Solutions Company are included in Other segment.
                                                                                                       

                                                              
(3) Sales by Region
yen (billions)
                                                                      
                  Fiscal 2013 Forecast             Fiscal 2013 Forecast
                  (as of May 11, 2012)             (as of Oct. 31, 2012)
                                                                 
                                     Local                            Local
                          13/12  currency               13/12  currency
                                     basis 13/12                      basis
                                                                      13/12
 Domestic        4,250 .0  102 %  -            3,900 .0  94  %  -     
  Overseas        3,850 .0  105 %  107    %      3,400 .0  92  %  95    %
  North and       970   .0  100 %  103    %      930   .0  96  %  98    %
  South America
  Europe          730   .0  98  %  102    %      600   .0  81  %  88    %
  Asia            1,000 .0  107 %  111    %      900   .0  97  %  100   %
 China           1,150 .0  110 %  111    %      970   .0  93  %  93    %
 Total          8,100 .0  103 %  105    %     7,300 .0  93  %  94    %
                                                                      

                                                          
(4) Capital Investment, Depreciation, R&D Expenditures
Capital Investment by Segments^*
yen (billions)
                                                                  
                           Fiscal 2013 Forecast    Fiscal 2013 Forecast
                           (as of July 31, 2012)   (as of October 31, 2012)
                                                                 
                                     13-12                   13-12
AVC Networks               69    .0    +8   .6    66    .0      +5    .6
Appliances                 55    .0    +3   .6    54    .0      +2    .6
Systems & Communications   11    .0    -2   .3    9     .0      -4    .3
Eco Solutions              27    .0    -6   .1    27    .0      -6    .1
Automotive Systems         10    .0    +1   .1    10    .0      +1    .1
Industrial Devices         72    .0    -6   .1    67    .0      -11   .1
Energy                     86    .0    +32  .2    80    .0      +26   .2
Other                      30    .0    -4   .7    27    .0      -7    .7
Consolidated total        360   .0    +26  .3   340   .0      +6    .3
* These figures are calculated on an accrual basis.
                                                                  

                                                                
Depreciation (tangible yen (billions)        R&D              yen (billions)
assets)                                      Expenditures
                                                                        
Fiscal 2013            Fiscal 2013           Fiscal 2013       Fiscal 2013
Forecast               Forecast              Forecast          Forecast
(as of July 31,        (as of October        (as of May 11,    (as of October
2012)                  31, 2012)             2012)             31, 2012)
                                                                     
          13-12                13-12            13-12           13-12
300  .0    +4  .2    295  .0    -0 .8     510 .0  -10 .2  490 .0  -30 .2
                                                                        

                                                           
(5) Foreign Currency Exchange Rates/Transaction

               Rates Used for Consolidation    Foreign Currency Transaction
                 Fiscal 2013      Fiscal 2013    Fiscal 2013     Fiscal 2013
                 Forecast         Forecast       Forecast        Forecast
               (as of May 11,  (as of         (as of May     (as of
                 2012)            October        11,             October
                                  31, 2012)      2012)           31, 2012)
U.S. Dollars    ¥78             ¥79            US$2.5         US$2.5
                                                 billion         billion
Euro           ¥103            ¥99           €2.0 billion   €2.0 billion
                                                                 


Disclaimer Regarding Forward-Looking Statements
This document includes forward-looking statements (within the meaning of
Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S.
Securities Exchange Act of 1934) about Panasonic and its Group companies (the
Panasonic Group). To the extent that statements in this document do not relate
to historical or current facts, they constitute forward-looking statements.
These forward-looking statements are based on the current assumptions and
beliefs of the Panasonic Group in light of the information currently available
to it, and involve known and unknown risks, uncertainties and other factors.
Such risks, uncertainties and other factors may cause the Panasonic Group's
actual results, performance, achievements or financial position to be
materially different from any future results, performance, achievements or
financial position expressed or implied by these forward-looking statements.
Panasonic undertakes no obligation to publicly update any forward-looking
statements after the date of this document. Investors are advised to consult
any further disclosures by Panasonic in its subsequent filings with the U.S.
Securities and Exchange Commission pursuant to the U.S. Securities Exchange
Act of 1934 and its other filings.
The risks, uncertainties and other factors referred to above include, but are
not limited to, economic conditions, particularly consumer spending and
corporate capital expenditures in the United States, Europe, Japan, China, and
other Asian countries; volatility in demand for electronic equipment and
components from business and industrial customers, as well as consumers in
many product and geographical markets; currency rate fluctuations, notably
between the yen, the U.S. dollar, the euro, the Chinese yuan, Asian currencies
and other currencies in which the Panasonic Group operates businesses, or in
which assets and liabilities of the Panasonic Group are denominated; the
possibility of the Panasonic Group incurring additional costs of raising
funds, because of changes in the fund raising environment; the ability of the
Panasonic Group to respond to rapid technological changes and changing
consumer preferences with timely and cost-effective introductions of new
products in markets that are highly competitive in terms of both price and
technology; the possibility of not achieving expected results on the alliances
or mergers and acquisitions including the business reorganization after the
acquisition of all shares of Panasonic Electric Works Co., Ltd. and SANYO
Electric Co., Ltd.; the ability of the Panasonic Group to achieve its business
objectives through joint ventures and other collaborative agreements with
other companies; the ability of the Panasonic Group to maintain competitive
strength in many product and geographical areas; the possibility of incurring
expenses resulting from any defects in products or services of the Panasonic
Group; the possibility that the Panasonic Group may face intellectual property
infringement claims by third parties; current and potential, direct and
indirect restrictions imposed by other countries over trade, manufacturing,
labor and operations; fluctuations in market prices of securities and other
assets in which the Panasonic Group has holdings or changes in valuation of
long-lived assets, including property, plant and equipment and goodwill,
deferred tax assets and uncertain tax positions; future changes or revisions
to accounting policies or accounting rules; as well as natural disasters
including earthquakes, prevalence of infectious diseases throughout the world,
disruption of supply chain and other events that may negatively impact
business activities of the Panasonic Group.
The factors listed above are not all-inclusive and further information is
contained in Panasonic's latest annual reports, Form 20-F, and any other
reports and documents which are on file with the U.S. Securities and Exchange
Commission.


                                          
<Attachment 1> Reference
Segment information for fiscal 2013
                                             
Sales
yen(billions)
                             1st quarter     2nd quarter

                             (Apr.-June)   (July -Sept.)
AVC Networks                 359      .7     330       .3
Appliances                   431      .4     382       .6
Systems & Communications     164      .5     192       .8
Eco Solutions                355      .2     385       .1
Automotive Systems           190      .7     192       .0
Industrial Devices           338      .2     355       .4
Energy                       142      .6     149       .9
Other                        343      .5     354       .8
Total                        2,325    .8     2,342     .9
Eliminations                 -511     .3     -519      .2
Consolidated total          1,814    .5    1,823     .7
                                             
                                             
Segment profit
yen(billions)
                             1st quarter     2nd quarter

                             (Apr.-June)   (July -Sept.)
AVC Networks                 7        .4     12        .5
Appliances                   37       .4     13        .6
Systems & Communications     -8       .3     -1        .7
Eco Solutions                3        .9     14        .7
Automotive Systems           4        .2     4         .5
Industrial Devices           7        .3     10        .6
Energy                       0        .1     2         .7
Other                        4        .1     5         .3
Total                        56       .1     62        .2
Corporate and eliminations   -17      .5     -13       .4
Consolidated total          38       .6    48        .8
                                             

                                                                
<Attachment 2> Reference
Segment information for fiscal 2012
                                                                      
Sales
yen(billions)
                 1st quarter   2nd        3rd quarter   4th quarter   Fiscal 2012
                               quarter
                (Apr.-June              (Oct.-Dec.   (Jan.-Mar.   (Apr.-Mar.
                 )            (July     )            )            )
                               -Sep.)
AVC Networks     449     .9    463   .7   488     .5    311     .4    1,713   .5
Appliances       417     .7    383   .4   386     .3    346     .8    1,534   .2
Systems &        181     .6    223   .6   194     .7    240     .9    840     .8
Communications
Eco Solutions    356     .5    386   .1   394     .0    389     .2    1,525   .8
Automotive       111     .7    165   .9   169     .2    206     .4    653     .2
Systems
Industrial       364     .0    387   .7   333     .8    319     .1    1,404   .6
Devices
Energy           145     .1    162   .6   154     .1    153     .1    614     .9
Other            484     .5    500   .8   418     .2    477     .4    1,880   .9
Total            2,511   .0    2,673 .8   2,538   .8    2,444   .3    10,167  .9
Eliminations     -581    .5    -598  .1   -578    .6    -563    .5    -2,321  .7
Consolidated    1,929   .5   2,075 .7  1,960   .2   1,880   .8   7,846   .2
total
                                                                      
                                                                      
Segment profit
yen(billions)
                 1st quarter   2nd        3rd quarter   4th quarter   Fiscal 2012
                               quarter
                (Apr.-June              (Oct.-Dec.   (Jan.-Mar.   (Apr.-Mar.
                 )            (July     )            )            )
                               -Sep.)
AVC Networks     -3      .8    -11   .9   -24     .8    -27     .3    -67     .8
Appliances       34      .9    17    .9   23      .6    5       .1    81      .5
Systems &        -9      .9    3     .3   4       .3    19      .6    17      .3
Communications
Eco Solutions    6       .1    13    .3   19      .1    20      .4    58      .9
Automotive       -3      .7    4     .4   2       .5    1       .7    4       .9
Systems
Industrial       -2      .7    2     .1   -13     .1    -2      .9    -16     .6
Devices
Energy           -7      .5    -2    .3   -6      .9    -4      .2    -20     .9
Other            3       .9    10    .8   1       .0    7       .9    23      .6
Total            17      .3    37    .6   5       .7    20      .3    80      .9
Corporate and    -11     .7    4     .4   -13     .8    -16     .1    -37     .2
eliminations
Consolidated    5       .6   42    .0  -8      .1   4       .2   43      .7
total
                                                                      

                                               
<Attachment 3> Reference
Domain companies' information for fiscal 2013
                                                  
Sales                                          yen(billions)
                                  1st quarter     2nd quarter

                                  (Apr.-June)   (July -Sept.)
Healthcare Company                32     .3       33       .0
Manufacturing Solutions Company  44     .6      37       .5
                                                  
                                                  
Domain company profit                          yen(billions)
                                  1st quarter     2nd quarter

                                  (Apr.-June)   (July -Sept.)
Healthcare Company                1      .8       2        .1
Manufacturing Solutions Company  6      .3      5        .0
                                                  

                                                              
Domain companies' information for fiscal 2012
                                                                    
Sales                                                      yen(billions)
                1st quarter   2nd       3rd quarter   4th quarter
                              quarter                               Fiscal 2012
               (Apr.-June             (Oct.-Dec.   (Jan.-Mar.
                )            (July    )            )            (Apr.-Mar.)
                              -Sep.)
Healthcare      31    .5      35  .0    32    .2      34    .9      133     .6
Company
Manufacturing
Solutions      47    .2     46  .6   32    .5     33    .5     159     .8
Company
                                                                    
                                                                    
Domain
company                                                    yen(billions)
profit
                1st quarter   2nd       3rd quarter   4th quarter
                              quarter                               Fiscal 2012
               (Apr.-June             (Oct.-Dec.   (Jan.-Mar.
                )            (July    )            )            (Apr.-Mar.)
                              -Sep.)
Healthcare      0     .9      2   .1    2     .1      3     .7      8       .8
Company
Manufacturing
Solutions      6     .7     7   .8   3     .1     7     .5     25      .1
Company
                                                                    
Note: Healthcare Company and Manufacturing Solutions Company are included in
Other segment.

Contact:

Panasonic Corporation
Media Contacts:
Atsushi Hinoki, +81-3-3574-5664 (Japan)
Global Public Relations Office
or
Panasonic News Bureau (Japan)
Tel: +81-3-3542-6205
or
Jim Reilly, +1-201-392-6067 (U.S.)
or
Anne Guennewig, +49-611-235-457 (Europe)
or
Investor Relations Contacts:
Shozo Mizuno, +81-6-6908-1121 (Japan)
Corporate Finance & IR Group
or
Panasonic Finance (America), Inc.
Yuko Iwatsu, +1-212-698-1360 (U.S.)
or
Panasonic Finance (Europe) plc
Hiroko Carvell, +44-20-3008-6887 (Europe)