Panasonic Announces Recognition of Other Income in Operating Profit for the Additional Acquisition of Blue Yonder, and the Consolidated Financial Forecast Revision

Osaka, Japan, October 28, 2021 -- Panasonic Corporation ([TSE:6752] “Panasonic”)  today  announced  the  additional  disclosure  with  respect  to  the  press release  titled  “Panasonic  Announces  the  Acquisition  of  Blue  Yonder,  a  Specialized Supply Chain Software Provider, Making it as a Wholly-owned Subsidiary” dated April 23,  2021.  In  the  abovementioned  press  release,  the  material  impact  due  to  the acquisition  of  Blue  Yonder  Holding,  Inc.  ("Blue  Yonder")  for  financial  outlook  for  the fiscal 2022 (from April 1, 2021 to March 31, 2022) was under consideration as described in  the  item  of  “7.  Outlook  for  the  Future.”  Panasonic  today  announced  recognition  of other income in operating profit due to the additional acquisition of Blue Yonder in the Company's consolidated statement of profit or loss for the second quarter of the fiscal 2022.