Konka 1 billion received Toshiba Matsushita pre-2018 fiscal year lighting revenue reached 400 billion yen

After Samsung, Toshiba also withdrew from the Chinese lighting market. Recently, Anhui Konka Green Lighting Technology Co., Ltd. (hereinafter referred to as “Kangjia Lighting”) officially handed over to Toshiba. Konka officially received Toshiba's lighting business in China, involving more than 1 billion yuan. It is reported that Konka Lighting intends to achieve sales targets of 2 billion yuan and 5 years and 5 billion yuan in the next three years through a series of integration actions.

It is understood that after reaching a strategic cooperation with Toshiba Lighting, Konka Lighting will expand its product supply chain and increase its manufacturing bases in Kunshan, Fuzhou and Huizhou. Sales will also rise rapidly to 1 billion yuan. Its leap-forward development is expected to rank among China. The forefront of the LED lighting industry.

Figure 1: Qin Guangyu (left), President of Konka Lighting, and Yu Feiyangyi (right), President of Toshiba Lighting, signed a cooperation agreement

Toshiba Lighting TLT (TOSHIBA LighTIng & Technology) is Japan's first lighting company with a long history of producing incandescent lamps and fluorescent lamps. It has a history of 125 years and annual sales of more than 2 billion US dollars, mainly concentrated in Japan. The world's sixth-ranked lighting company has set up manufacturing and sales centers in China since 1995. Toshiba's lighting business covers home lighting, store lighting, office lighting, public lighting, factory lighting, special lighting, automotive lighting, airport lighting systems, studio lighting systems, stage lighting systems, energy-efficient lighting systems, and more. Toshiba Lighting attaches great importance to R&D, and combines its deep market understanding and in-depth device research in the design of each product to create a lighting product group with outstanding performance and quality. In the world, there are famous lighting cases such as Hangzhou West Lake Lighting, American Smithsonian Museum Lighting, and French Louvre Lighting.

In view of fierce competition in the industry, Zhang Jianfeng, deputy secretary general of China Household Electrical Appliances Business Association, expressed concern about the development prospects of Konka Lighting. "From the perspective of lighting industry, Konka and Toshiba have not yet entered the mainstream camp in the domestic lighting field. Further observation."

On July 18, according to Japanese media reports, Matsushita recently revealed that sales of lighting business will increase from 323.2 billion yen in the fiscal year 2015 to 400 billion yen in FY18.

Panasonic's LED lighting has a large shipment volume and a leading global technology, with a market share of approximately 40% in the Japanese lighting market. Matsushita believes that in Japan, LED lighting will gradually become popular, but traditional lighting sales will decline, and the market outlook is not optimistic. In the future, Matsushita's lighting business will focus on non-residential areas such as office buildings and road lighting, in addition to residential and store lighting fixtures, as well as LED bulbs and lighting components.

LED headlights are also one of the development priorities of Panasonic lighting in recent years. In 2015, Panasonic used aluminum nitride to produce a new type of semiconductor laser, which increased the output power of the laser to 4.5W and the illumination distance to 700 meters, representing the highest level of LED lamps. Panasonic plans to put the technology into practical use in 2019. On May 9, 2016, Panasonic and Xingyu shares signed a "Strategic Cooperation Agreement", and the two sides will carry out strategic cooperation in the automotive electronics field such as LED automotive lighting and sensors.

Matsushita has previously announced that it will increase the sales revenue of the European lighting business from 30 billion yen in fiscal year 2014 to 36 billion yen by fiscal year 2018. Matsushita believes that compared with Japan, the LED penetration rate is still low, and there is still room for growth. In the future, LED lighting related components will be used to open up the market.

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