Panasonic Corporation, formerly known as Matsushita Electric Industrial Co., Ltd. is a Japanese multinational electronics corporation headquartered in Kadoma, Osaka, Japan. The company was founded in 1918, Konosuke Matsushita, and has grown to become one of the largest Japanese electronics producers alongside Sony, Toshiba, Sharp Corporation, and Canon. As well electronics, it offers non-electronic products and services such as home renovation services. Panasonic is the world's fourth-largest television manufacturer by 2012. Panasonic stands for a commitment to quality, value and innovation, bringing ideas for life. With a 75.8 billion dollars revenue in 2013.