Panasonic will move its European headquarters from the UK to Amsterdam in October as Brexit approaches.
The aim is to avoid potential tax issues linked to the UK's decision to leave the EU, said Panasonic Europe's chief executive Laurent Abadie.
In the run-up to March 2019, a number of multinational firms have said they plan to move jobs out of the UK.
If Panasonic ends up paying less tax in the UK, that could render it liable for a bigger tax bill in Japan.
Panasonic Europe later issued a statement confirming that it was transferring its regional headquarters from Bracknell in the UK to Amsterdam from 1 October.
"No Panasonic UK business operations will be affected by the EU headquarters move," the statement added.
In 2016, the UK government pledged to cut corporation tax to encourage businesses to continue investing in the UK after the Brexit referendum. »