CR06312-2020

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-A, AS AMENDED

ANNUAL REPORT PURSUANT TO SECTION 17
OF THE SECURITIES REGULATION CODE AND SECTION 141
OF THE CORPORATION CODE OF THE PHILIPPINES

1. For the fiscal year ended
Mar 31, 2020
2. SEC Identification Number
23022
3. BIR Tax Identification No.
000-099-692-000
4. Exact name of issuer as specified in its charter
Panasonic Manufacturing Philippines Corporation
5. Province, country or other jurisdiction of incorporation or organization
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Ortigas Avenue Extension, Bo. Mapandan Bgy. San Isidro, Taytay, Rizal Postal Code 1920
8. Issuer's telephone number, including area code
(632) 8 635 - 2260 to 65
9. Former name or former address, and former fiscal year, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Class A 84,723,432
Class B 337,994,588
11. Are any or all of registrant's securities listed on a Stock Exchange?
Yes
No
If yes, state the name of such stock exchange and the classes of securities listed therein:
The Philippine Stock Exchange, Inc.
12. Check whether the issuer:

(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17.1 thereunder or Section 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of The Corporation Code of the Philippines during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports)

Yes
No
(b) has been subject to such filing requirements for the past ninety (90) days
Yes
No

13. State the aggregate market value of the voting stock held by non-affiliates of the registrant. The aggregate market value shall be computed by reference to the price at which the stock was sold, or the average bid and asked prices of such stock, as of a specified date within sixty (60) days prior to the date of filing. If a determination as to whether a particular person or entity is an affiliate cannot be made without involving unreasonable effort and expense, the aggregate market value of the common stock held by non-affiliates may be calculated on the basis of assumptions reasonable under the circumstances, provided the assumptions are set forth in this Form

Php308,108,911 as of Sept. 23, 2020 and Php311,897,136 as of June 30, 2020
APPLICABLE ONLY TO ISSUERS INVOLVED IN INSOLVENCY SUSPENSION OF PAYMENTS PROCEEDINGS DURING THE PRECEDING FIVE YEARS

14. Check whether the issuer has filed all documents and reports required to be filed by Section 17 of the Code subsequent to the distribution of securities under a plan confirmed by a court or the Commission.

Yes
No
DOCUMENTS INCORPORATED BY REFERENCE
15. If any of the following documents are incorporated by reference, briefly describe them and identify the part of SEC Form 17-A into which the document is incorporated:
(a) Any annual report to security holders
Audited Financial Statements - Consolidated & Sustainability Report
(b) Any information statement filed pursuant to SRC Rule 20
None
(c) Any prospectus filed pursuant to SRC Rule 8.1
None

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Panasonic Manufacturing Philippines CorporationPMPC

PSE Disclosure Form 17-1 - Annual Report References: SRC Rule 17 and
Section 17.2 and 17.8 of the Revised Disclosure Rules

For the fiscal year ended Mar 31, 2020
Currency Php1.0
Balance Sheet
Year Ending Previous Year Ending
Mar 31, 2020 Mar 31, 2019
Current Assets 6,131,303,701 6,264,157,339
Total Assets 7,408,968,253 7,376,586,097
Current Liabilities 2,453,938,914 2,443,485,495
Total Liabilities 2,923,716,612 2,863,743,902
Retained
Earnings/(Deficit)
4,131,235,931 4,093,905,101
Stockholders' Equity 4,485,251,641 4,512,842,195
Stockholders' Equity - Parent 4,369,110,219 4,397,349,617
Book Value Per Share 10.33 10.4
Income Statement
Year Ending Previous Year Ending
Mar 31, 2020 Mar 31, 2019
Gross Revenue 11,906,948,322 11,520,813,753
Gross Expense 11,819,412,818 11,354,095,302
Non-Operating Income 178,366,626 127,420,881
Non-Operating Expense 25,846,639 19,548,146
Income/(Loss) Before Tax 240,055,491 274,591,186
Income Tax Expense 113,599,271 126,070,051
Net Income/(Loss) After Tax 126,456,220 148,521,135
Net Income/(Loss) Attributable to Parent Equity Holder 126,066,914 148,144,539
Earnings/(Loss) Per Share (Basic) 0.3 0.35
Earnings/(Loss) Per Share (Diluted) 0.3 0.35
Financial Ratios
Formula Fiscal Year Ended Previous Fiscal Year
Mar 31, 2020 Mar 31, 2019
Liquidity Analysis Ratios:
   Current Ratio or
Working Capital Ratio
Current Assets / Current Liabilities 2.5 2.56
   Quick Ratio (Current Assets - Inventory - Prepayments) / Current Liabilities 1.79 1.84
   Solvency Ratio Total Assets / Total Liabilities 0.04 0.05
Financial Leverage Ratios
   Debt Ratio Total Debt/Total Assets 0.39 0.39
   Debt-to-Equity Ratio Total Debt/Total Stockholders' Equity 0.65 0.63
   Interest Coverage Earnings Before Interest and Taxes (EBIT) / Interest Charges 246.11 0
   Asset to Equity Ratio Total Assets / Total Stockholders' Equity 1.65 1.63
Profitability Ratios
   Gross Profit Margin Sales - Cost of Goods Sold or Cost of Service / Sales 0.2 0.19
   Net Profit Margin Net Profit / Sales 0.01 0.01
   Return on Assets Net Income / Total Assets 0.02 0.02
   Return on Equity Net Income / Total Stockholders' Equity 0.03 0.03
Price/Earnings Ratio Price Per Share / Earnings Per Common Share 19 18.86
Other Relevant Information

Pursuant to SEC regulation, attached herewith is the Company's first Sustainability Report for fiscal year 2019 ended March 31, 2020 (Annex "A") and its Audited Consolidated Financial Statements

Filed on behalf by:
Name Imelda Garcia
Designation Team Leader