Now we are looking on the crossword clue: Panasonic subsidiary.
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Possible Answers: SANYO.
Random information on “SANYO Electric Co., Ltd.”:
SANYO Electric Co., Ltd. (三洋電機株式会社, San’yō Denki Kabushiki-gaisha?) is a major electronics company and member of the Fortune 500 whose headquarters is located in Moriguchi, Osaka prefecture, Japan. Sanyo targets the middle of the market and has over 230 subsidiaries and affiliates.[2]
Taken from Wikipedia