On the current situation in Ukraine

At Panasonic Group, we have been very concerned about the current situation in Ukraine and would like to express our deep condolences to all the victims. We hope that the world will return to peace and security as soon as possible.

The Group will keep monitoring developments and provide humanitarian assistance where necessary. As a first step, we have decided to donate approximately 20 million yen to the Polish Red Cross, which is supporting those who have evacuated to neighboring Poland from Ukraine and to Peace Winds Japan, an NGO providing assistance to Ukraine.

Due to the economic, logistical and other practical challenges, we have in principle decided to suspend transactions with Russia.