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Panasonic Completes Power Tools Business Transfer to Makita

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Sig2.53Sen+1.03Env0.00Soc-0.08Gov+0.78

Panasonic Electric Works Co., Ltd. completed closing procedures for its power tools business share transfer to Makita on September 1, 2026. Assets, contracts, employees and other items were moved to NEXRA Field Works Co., Ltd., whose shares were transferred to Makita, and related overseas manufacturing and sales functions were transferred to Makita subsidiaries. The successor’s trade name changed to Makita Industrial Tools Corporation.

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