Panasonic began to use the "National" trademark in 1927. The original meaning of "National" was "state-owned."
The "Panasonic" trademark began to be used in Japan in 1986. From the word itself, "Pana-" means "whole, whole, in short" and "-sonic" means sound. The whole word means all sounds.
Making meaningful trademarks meaningless is an action that many companies have done before. Using a meaningless name can make the extension of their brand wider, so in fact, "Panasonic" itself is A name with no precise meaning.