Panasonic Manufacturing Malaysia Berhad …

1 Panasonic Manufacturing Malaysia Berhad (Company No.: 6100-K). Panasonic Manufacturing Malaysia Berhad (Company No.: 6100-K). Annual report For the financial year ended 31 March 2017. A Better Life, A Better World 2017. ANNUAL report 2017. Panasonic Manufacturing Malaysia Berhad (6100-K) No 3, Jalan Sesiku 15/2, Section 15, Shah Alam Industrial Site, 40200 Shah Alam, Selangor Darul Ehsan, Malaysia . Tel: +603-5891 5000 Fax: +603-5891 5101 Email: CONTENT. Corporate Overview Corporate Information 02. Chairman's Statement 03. Managing Directors Management Discussion & Analysis 06.

2 Increase in Shareholders' Wealth 09. Sustainability and Corporate Responsibility report 10. Business Review Five-Year Trend 15. Five-Year Financial Summary 16. Financial Highlights 17. Financial Calendar 17. Share Performance 18. Governance Board of Directors 19. Board of Directors' Profile 20. Statement on Corporate Governance 26. Nomination Committee report 35. Audit Committee report 37. Statement on Risk Management and Internal Control 41. Additional Compliance Information 44. Financial Statements Directors' report 46. Statements of Financial Position 50.

3 Statements of Profit or Loss and Other Comprehensive Income 51. Statements of Changes in Equity 52. Statements of Cash Flows 54. Notes to the Financial Statements 56. Statement by Directors 103. Statutory Declaration 103. Independent Auditors' report 104. Additional Information List of Properties Owned by the Company 109. Statistics on Shareholdings 110. History of Dividend Payment 113. Notice of 52nd Annual General Meeting 114. Notice of Dividend Entitlement 116. Form of Proxy Corporate Information BOARD OF DIRECTORS NOMINATION COMMITTEE REGISTERED OFFICE.

4 Tan Sri Datuk Asmat bin Kamaludin Datuk Supperamaniam a/l No. 3 Jalan Sesiku 15/2. Chairman Manickam Section 15. Chairman Shah Alam Industrial Site Toyokatsu Okamoto (Independent Non-Executive Director) 40200 Shah Alam Managing Director Selangor Darul Ehsan Raja Anuar bin Raja Abu Hassan Raja Anuar bin Raja Abu Hassan Tel : +603 - 5891 5000. (Independent Non-Executive Director) Fax : +603 - 5891 5101. Datuk Supperamaniam a/l Email : Manickam Tan Sri Hasmah binti Abdullah (Independent Non-Executive Director). Takayuki Tadano STOCK EXCHANGE. Tan Sri Hasmah binti Abdullah COMPANY SECRETARY.

5 Main Market of Bursa Malaysia Siew Pui Ling Leong Oi Wah Securities Berhad Yasuo Tonooka (MAICSA 7023802) Sector : Consumer Products Stock Code : PANAMY 3719. Cheng Chee Chung SOLICITORS. Toru Okano Shook Lin & Bok Yuji Kogure // Corporate Overview // Business Review // Governance // Financial Statement // Additional Information //. AUDIT COMMITTEE. REGISTRAR. Raja Anuar bin Raja Abu Hassan Boardroom Corporate Services (KL). Chairman Sdn Bhd (Independent Non-Executive Director). Lot , Level 6, KPMG Tower 8 First Avenue, Bandar Utama Datuk Supperamaniam a/l 47800 Petaling Jaya Manickam Selangor Darul Ehsan (Independent Non-Executive Director).

6 Tel : +603-7720 1188 Fax : +603-7720 1111. Tan Sri Hasmah binti Abdullah (Independent Non-Executive Director). PRINCIPAL BANKERS. Bank of Tokyo-Mitsubishi UFJ. REMUNERATION COMMITTEE. ( Malaysia ) Berhad Malayan Banking Berhad Tan Sri Hasmah binti Abdullah Chairman (Independent Non-Executive Director). AUDITORS. Takayuki Tadano KPMG PLT. (Executive Director). Raja Anuar bin Raja Abu Hassan (Independent Non-Executive Director). Datuk Supperamaniam a/l Manickam (Independent Non-Executive Director). 2. PAGE. Panasonic Manufacturing Malaysia Berhad (6100-K).

7 Tan Sri Datuk Asmat bin Kamaludin Chairman // Corporate Overview // Business Review // Governance // Financial Statement // Additional Information //. CHAIRMAN'S. STATEMENT 3 // Annual report 2017 //. PAGE. chairman's statement (Cont'd). On behalf of the Board of Directors, I am pleased to present the Annual report and annual audited financial statements of the Company for the financial year ended 31 March 2017. The Company has performed well despite continued uncertainty of the global economy, rising raw material prices and volatile foreign currency exchange rates.

8 The Company once again crossed the RM1 billion sales mark for the second time, recording revenue of billion which constitute an increase of million or 3% against the registered revenue of billion in the previous year. SUSTAINABILITY DIVIDENDS. Sustainability is an integral part of our business model The Company has consistently paid dividends while and this is in process of being integrated into our business allocating funds for business growth and investment. For framework. Our goal is to actively foster sustainable the financial year ended 31 March 2017, a final dividend development and increase positive impact in all relevant of 102 sen (2016: RM124 sen) per ordinary share was areas.

9 Recommended and it will be proposed for approval at the forthcoming Annual General Meeting. In this year's Annual report , we present our inaugural Sustainability Reporting by demonstrating our commitment // Corporate Overview // Business Review // Governance // Financial Statement // Additional Information //. through various initiatives undertaken. INDUSTRY OUTLOOK AND PROSPECTS FOR 2017. We remain focused on sustainability issues that are The global economic and financial landscape remains important to our business and our stakeholders. challenging and will influence the prospects of the Malaysian economy.

10 Gross Domestic Product is expected to grow at Despite the challenges we faced, we are aware that there a slower pace of The current economic and political is more to do and will strive to continue our efforts to tackle uncertainties in the Middle East region are expected to the challenges and opportunities ahead. continue to affect the Company's export revenue. The Company's operations remain affected by the ongoing HUMAN CAPITAL tight labour market, rising raw materials prices and volatile foreign currency exchange rates. Nevertheless the Company The success of our Company is underpinned by a skilled is cautiously optimistic of the economic prospects and and capable workforce.