FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
The Securities Exchange Act of 1934
For the Month of March 2007
Commission File Number: 1-6784
Matsushita Electric Industrial Co., Ltd.
Kadoma, Osaka, Japan
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b)(1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b)(7):
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ¨ No x
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-
| 1. | News release issued on March 23, 2007, by Matsushita Electric Industrial Co., Ltd. (the registrant), announcing the repurchase of a portion of its own shares. |
| 2. | News release issued on March 29, 2007, by the registrant, announcing the closing of Panasonic Electronic Devices do Brasil Ltda. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Matsushita Electric Industrial Co., Ltd. | ||
| By: |
/s/ YOICHI NAGATA | |
| Yoichi Nagata, Attorney-in-Fact | ||
| Director of Overseas Investor Relations | ||
| Matsushita Electric Industrial Co., Ltd. | ||
Dated: April 6, 2007
| FOR IMMEDIATE RELEASE | ||
| Media Contacts: |
Investor Relations Contacts: | |
| Akira Kadota (Japan) |
Makoto Mihara (Japan) | |
| International PR |
Investor Relations | |
| (Tel: +81-3-3578-1237) |
(Tel: +81-6-6908-1121) | |
| Panasonic News Bureau (Japan) |
Akihiro Takei (U.S.) | |
| (Tel: +81-3-3542-6205) |
Panasonic Finance (America), Inc. | |
| (Tel: +1-212-698-1365) | ||
| Jim Reilly (U.S.) |
||
| (Tel: +1-201-392-6067) |
Hiroko Carvell (Europe) | |
| Panasonic Finance (Europe) plc | ||
| Munetsugu Takeda (Europe) |
(Tel: +44-20-7562-4400) | |
| (Tel: +49-611-235-305) | ||
Matsushita Electric Executes Own Share Repurchase
Osaka, Japan, March 23, 2007 — Matsushita Electric Industrial Co., Ltd. (MEI [NYSE symbol: MC]), best known for its Panasonic brand, announced that it has repurchased a portion of its own shares from the market in conformity with provisions of Article 459, Paragraph 1, Item 1 of the Company Law of Japan.
Details of the share repurchase are as follows:
| 1. | Class of shares: Common stock |
| 2. | Period of repurchase: Between February 27, 2007 and March 23, 2007 |
| 3. | Aggregate number of shares repurchased: 12,698,000 shares |
| 4. | Aggregate repurchase amount: 29,999,445,000 yen |
| 5. | Method of repurchase: Shares were repurchased on the Tokyo Stock Exchange |
(Reference 1)
| 1) | The following details were resolved at the Board of Directors meeting held on February 1, 2007: |
| • | Class of shares: Common stock |
| • | Aggregate number of repurchasable shares: Up to 25 million shares |
| • | Aggregate repurchase amount: Up to 50 billion yen |
| 2) | Cumulative total of shares repurchased since the February 1, 2007 Board of Directors resolution through today: |
| • | Aggregate number of shares repurchased: 21,092,000 shares |
| • | Aggregate repurchase amount: 49,997,930,000 yen |
| 3) | Cumulative total of shares repurchased since April 28, 2006 through today: |
| • | Aggregate number of shares repurchased: 62,088,000 shares |
| • | Aggregate repurchase amount: 149,989,800,000 yen |
(Reference 2)
The number of shares issued and treasury stock as of December 31, 2006:
| • | Total number of shares issued (excluding treasury stock): 2,171,855,027 shares |
| • | Treasury stock: 281,198,470 shares |
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| FOR IMMEDIATE RELEASE |
||
| Media Contacts: |
Investor Relations Contacts: | |
| Akira Kadota (Japan) |
Makoto Mihara (Japan) | |
| International PR |
Investor Relations | |
| (Tel: +81-3-3578-1237) |
(Tel: +81-6-6908-1121) | |
| Panasonic News Bureau (Japan) |
Akihiro Takei (U.S.) | |
| (Tel: +81-3-3542-6205) |
Panasonic Finance (America), Inc. | |
| (Tel: +1-212-698-1365) | ||
| Jim Reilly (U.S.) |
||
| (Tel: +1-201-392-6067) |
Hiroko Carvell (Europe) | |
| Panasonic Finance (Europe) plc | ||
| Munetsugu Takeda (Europe) |
(Tel: +44-20-7562-4400) | |
| (Tel: +49-611-235-305) |
||
Matsushita to Close Panasonic Electronic Devices do Brasil Ltda.
Osaka, Japan, March 29, 2007 — Matsushita Electric Industrial Co., Ltd. (MEI [NYSE symbol: MC]), best known for its Panasonic brand, today announced plans to discontinue operations at Panasonic Electronic Devices do Brasil Ltda. - PEDBR and its subsidiary Panasonic Componentes Electronicos da Amazonia Ltda. - PACOB-AM at the end of April 2007, and to begin closing/liquidation procedures. PEDBR is a manufacturing site in Brasil of Panasonic Electronic Devices Co., Ltd. (PED), as well as consolidated subsidiaries of MEI.
PEDBR and PACOB-AM, which manufacture several types of components, have faced severe price declines due to intensified competition. This closing is a part of PED’s global restructuring initiatives.
-2-
[Reference]
PEDBR Company Overview
| 1. | Basic Information (as of February 28, 2007) |
| Company name | Panasonic Electronic Devices do Brasil Ltda. | |
| Representative | Makoto Tone, Managing Director | |
| Location of head office | Sao Jose, Brasil | |
| Date of incorporation | April, 1974 | |
| Principal business | Manufacture and sales of transformers and car speakers | |
| Share capital | BRL 42,230,000 (USD 23,648,000) | |
| Number of employees | 190 | |
| Total number of outstanding shares | 42,230,000 shares | |
| Stockholders’ equity | USD 10,928,000 | |
| Total assets | USD 14,615,000 | |
| Financial closing date | March 31 | |
| Shareholders (% ownership) | Matsushita Electric Industrial Co., Ltd. 100% | |
| Principal customers | Domestic automotive manufacturers, etc. in Brasil | |
| Financial Institution | Sumitomo Mitsui Banking Corporation (Sao Paulo branch) | |
2. Financial Results (for the most recent three fiscal years)
(thousands of US dollars, except per share amounts, which are in US dollars)
| Fiscal year ended: |
March 2004 | March 2005 | March 2006 | ||||||
| Net sales |
17,927 | 23,194 | 21,660 | ||||||
| Income (loss) before income taxes |
(2,887 | ) | (1,194 | ) | (1,837 | ) | |||
| Net income (loss) |
(2,887 | ) | (1,194 | ) | (1,837 | ) | |||
| Net income (loss) per share |
(0.299 | ) | (0.124 | ) | (0.190 | ) | |||
| Cash dividends per share |
— | — | — | ||||||
| Stockholders’ equity per share |
0.207 | 0.050 | (0.154 | ) |
This matter will have no material effect on Matsushita’s consolidated or parent-alone financial position or performance.
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