Panasonic, the bicycle brand of the mighty Matsushita conglomerate, made very nice bicycles, beautifully built, but never very successful in the U.S. market.
In the late '80s, Panasonic had a plan to supply semi-custom bikes, using "just-in-time" production methods. The program was called "P.I.C.S." (Panasonic Individualized Custom System). The frames were stock, but were painted to order (with the customer's name optionally painted on the top tube) and with a custom-length handlebar stem