Panasonic Manufacturing Malaysia Berhad (Panasonic Malaysia) manufactures and sells a total of 11 electrical appliances predominantly in Malaysia and Southeast Asia, and the Middle East. The Panasonic brand is well-known in Malaysia. I am sure most of us have either used or seen a Panasonic product before such as fans, rice cookers, and home showers. In 2020, the company’s revenue dropped to a five-year low and its ailing revenue was only exacerbated by the outbreak of COVID-19. So how is the company faring given the pandemic? Here are seven things I learned from the 2020 Panasonic Malaysia AGM. 1. Revenue dropped 6.7% year-on-year to RM1.1 billion in 2020. Home appliances and fan products accounted for 48.3% and 51.7% of the company’s revenue in FY19/20 respectively. These segments posted a 9.3% and 4.2% year-on-year drop in revenue respectively. Ceiling fans were the largest revenue product contributor in 2020. Here’s a breakdown...