Panasonic 2003 Annual Report Download - page 8

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6Matsushita Electric Industrial 2003
In fiscal 2003, Matsushita achieved, and actually exceeded,
the year’s targets for net sales growth of over 3% and an
operating profit*of ¥100 billion. President Nakamura, in last
year’s Annual Report, committed to these targets as part of
the Company’s efforts to achieve a V-shaped recovery in busi-
ness performance. This turnaround was fueled by the
successful launch of 88 V-products, which generated sales of
approximately ¥1 trillion. Looking ahead to fiscal 2004,
Matsushita will accelerate the implementation of initiatives to
complete the transition to a growthstage.
In this interview, President Nakamura discusses the
processes and results of various management innovations
and restructuring initiatives implemented under the Value
Creation 21 plan, and explains growth strategies commencing
in fiscal 2004.
*For information about operating profit, see Note 5 on page 30.
Interview with Kunio Nakamura