You can put Panasonic, Sony and Sharp on your list of once mighty Japanese consumer electronics giant that are now forced to sell off billion dollars' worth of property in an embarrassing move deemed absolutely unavoidable if these dinosaurs want to survive winter. Panasonic, the maker of the Viera brand of TVs, was previously reported as wanting to exit the television business to focus on churning out displays for portable electronics, especially Apple’s iPad.

These days, the company is working to raise $1.34 billion from offloading property and shares in other Japanese companies by end of March 2013, Reuters reported Monday. We're talking land holdings, plants and even a 24-storey staff dorm in central Tokyo which has more than 47,300 square meters and houses about two thousand workers. Sony and Sharp, once the biggest names in electronics, are planning to follow suit...