News On Japan

Panasonic to exit cash registers in pursuit of higher margins

Jul 05, 2020 (Nikkei) - Panasonic is leaving the cash register business within the fiscal year ending March 2021, Nikkei has learned.

The Japanese company entered the point-of-sale, or POS, field in the 1970s, offering its registers to supermarkets and McDonald's Japan, with which it has had a decadeslong partnership.

But with rivals Toshiba Tec, NEC Platforms and Fujitsu Frontech controlling roughly 80% of the market, Panasonic has struggled to find growth through sales of the machines.

Instead, the company plans to shift upstream, offering solutions to optimize the entire supply chain.

Central to this effort will be its partnership with Arizona-based supply chain management software provider Blue Yonder. In May, Panasonic announced a roughly $800 million investment to take a 20% stake in the company.

Blue Yonder aids clients in building lean, fast supply chains with help from cloud computing, artificial intelligence, and machine learning. "Panasonic can advance its digital shift by teaming with Blue Yonder," said Hideaki Harada, a senior vice president at the group's connected-solutions unit.

Especially enticing for Panasonic is Blue Yonder's business model that continues to deliver high margins. The American company not only has a stable revenue stream of system usage fees, but also a merit-based incentive from clients pegged to how much they succeed in improving profits.

News On Japan
POPULAR NEWS

Typhoon No. 30 is located as of 7:00 a.m. on October 16 over ocean waters far south of the Japanese archipelago and is expected to gain strength as it moves westward, potentially impacting Japan starting late next week.

Burger King Japan has announced that approximately 11.18 million records containing personal information of its official app members were leaked following unauthorized access to its systems between October 2 and October 7.

Japan's first Disney cruise ship will be named "Disney Imagination," with Oriental Land and its partners planning to launch the service in spring 2029, offering a new Disney-themed travel experience departing from Tokyo.

Tokyo's 23 wards have decided to establish a new small-scale public crematorium to address rising fees at privately operated facilities and growing concerns that cremation capacity could become insufficient around 2040 as the city's aging population drives up the number of deaths.

Japan is facing a growing wave of cyberattacks as advances in artificial intelligence remove the language barrier that once made Japanese companies difficult targets for overseas hackers, with more than 68 million personal records potentially exposed in a series of security incidents over the past two weeks.

MEDIA CHANNELS
         

MORE Society NEWS

Three people, including a former chief priest, have been arrested over the alleged takeover of a historic Buddhist temple in central Kyoto, with investigators suspecting they sold temple-owned land and buildings without authorization for approximately 226 million yen, leaving the 300-year-old institution with almost none of its property beyond its main hall and grounds.

Police investigating the deaths of seven dogs and cats at a pet shop have discovered that the business allegedly obtained powerful prescription drugs illegally from a veterinarian for several years, allowing unlicensed staff to administer the medicines in an apparent effort to reduce operating costs.

A 41-year-old woman has been arrested on suspicion of selling sleeping pills not approved for use in Japan to girls who frequent the "Toyoko" area of Tokyo's Kabukicho entertainment district, allegedly promoting the drugs on social media as a way to experience an intense high through excessive consumption.

More than 1,000 chickens escaped from a truck onto a busy national highway in Osaki City, Miyagi Prefecture, on October 15 after the vehicle's load shifted, prompting traffic restrictions that lasted approximately four hours.

Tokyo's 23 wards have decided to establish a new small-scale public crematorium to address rising fees at privately operated facilities and growing concerns that cremation capacity could become insufficient around 2040 as the city's aging population drives up the number of deaths.

Emperor Naruhito and Empress Masako drew attention during their September 19-20 visit to Aichi Prefecture for the opening ceremony of the 20th Asian Games, when the couple posed beside the popular character No-Face at Ghibli Park and used the Emperor's own smartphone to capture the moment, offering a rare glimpse of the Imperial Family's increasingly approachable public image.

A fire broke out at a factory handling waste plastic in Nara City on October 13, sending thick black smoke into the air and prompting the dispatch of 12 fire engines after firefighters received an emergency call shortly before 3:30 p.m. from a factory representative reporting smoke rising from inside the building, with all workers safely evacuated and no injuries reported.

Four people, including a 13-year-old junior high school girl, were injured when a large festival float collided with a roadside tree during an autumn festival in Kobe, Hyogo Prefecture, on October 12th.