Panasonic Corporation was founded in 1918 by Konosuke Matsushita, and the company was named after its founder until the 20th century where it was called Panasonic corporation. The former Matsushita Electric Industrial Co has its headquarter in Osaka, Japan. Panasonic Corporation is a significant producer of light bulb sockets before starting other electronics production.

Panasonic offers a vast range of services and products, including home appliances, industrial equipment, etc.

Panasonic Corporation has about three hundred thousand staff strength with net sales of 7.4 billion yen and more than 520 consolidated companies. Panasonic Corporation produces and sells electrical components for houses, stores, and facilities.