Panasonic conducts business based on the management philosophy established by our founder, Konosuke Matsushita. All Panasonic members should put into practice the Basic Management Objective, the Company Creed, and the Seven Principles that form that basis of our management philosophy. We are committed to adhering to these principles, and we share them with our customers, suppliers, business partners, shareholders and other stakeholders.

On October 1, 2021, in view of our transition to a new operation company system with the aim of implementing autonomous responsible management, we significantly updated our Basic Business Philosophy taking into account the challenges in social conditions and the business environment. The Basic Business Philosophy is the foundation for our practice to "devote ourselves to the progress and development of society and the well-being of people through our business activities, thereby enhancing the quality of life throughout the world," as set out in the Basic Management Objective.