Panasonic Shares Jump Most in 11 Years on Restructuring Plans

Shares of Panasonic Holdings Corp. soared 15% on its plans to overhaul personnel and trim underperforming businesses, part of a shift into high-margin areas like powering AI data centers.

The Osaka-based company, whose sprawling operations include hairdryers, PCs and lithium-ion batteries used by the likes of Tesla Inc., will restructure low-growth businesses and make changes to its employment structure, according to a statement released Tuesday.

After Panasonic’s chief executive officer said that the company’s long-standing TV operations were under review, its stock climbed on Wednesday in their biggest intraday surge since February 2014.

Yuki Kusumi, chief executive officer of Panasonic Holdings Corp.

Photographer: Akio Kon/Bloomberg

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