Panasonic HD (6752.T): Conf. takeaway (CFO): BBU/CBU contributions add to structural reforms. Expectations for further corporate transformation

We hosted an investor group call (fireside chat format) with Panasonic Holdings (PHD) Group CFO Akira Waniko across two sessions on October 6 and October 7. Amid the effects of structural reforms and business sales implemented last year, Panasonic Holdings has entered a phase of significant earnings growth, bolstered by the added contribution of BBUs/CBUs for data centers, where it holds a 70-80% market share. Because the company handles everything from components like batteries and capacitors to systems including BBUs/CBUs, it is highly likely to maintain strong competitiveness at least over the next few years as the BBU market grows significantly. We believe it is desirable for the company to strengthen its corporate constitution while these BBU/CBU contributions are present, decisively advancing organizational reforms and selecting and concentrating on businesses and products expected to generate high ROIC. In Energy, BBU/CBU competitiveness stems from a combination of battery techn