Mitsubishi 2001 Annual Report Download - page 24

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[22] MITSUBISHI MOTORS CORPORATION Annual Report 2001
1. Material Costs: Reduction of 15% by FY 2003
Reduction of 60/130/150 billion yen in FY 2001/02/03
2. Fixed Costs: Reduction of 40/45/55 billion yen in FY 2001/02/03
3. Headcount: Reduction by 14%, or about 9,500 people by FY 2003
5,050 of 9,500 people by FY 2001
4. Production Capacity: Reduction of 28% in Japan by FY 2002
5. Business Focus: Concentration on core business activities
6. Capital Investment: FY 2001 140 billion yen (277% of FY 2000)
7. Business Targets: FY 2001 Break even on consolidated basis (net income)
FY 2002 Operating income margin of 2.5%
FY 2003 Operating income margin of 4.5%
KEY POINTS OF THE
TURNAROUND PLAN
[22] MITSUBISHI MOTORS CORPORATION Annual Report 2001