1917
Foundation of Matsushita Electric Industrial Company
In 1917, Kōnosuke Matsushita left Osaka Electric Light Company to establish his own company, Matsushita Electric Industrial Company. Despite lacking capital, formal education, and manufacturing experience, he started the company in the basement of his tenement with a small team. Initially facing challenges in selling his products due to limited variety, Matsushita persevered in his entrepreneurial journey.