Panasonic 2012 Annual Report Download - page 15

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Highlights Corporate
Governance
Financial
Highlights
Performance
Summary
Returning Profits
to Shareholders
Promoting Business and
Organizational Structural Reform
Report on
Fiscal 2012 Results
Shifting to a
New Organizational Structure
Fiscal 2013
Forecasts
Financial and
Corporate Data
R&D Design
Development
Intellectual
Property
Environmental
Activities
Panasonic Annual Report 2012 Search Contents Return Next
page 14
• • Target the residential sector where the benefits of highly efficient HIT solar
panels can be fully utilized
• • Make the fullest use of the Group’s sales channels in Japan where rapid
growth is expected
• • Establish and commence operations at a new solar panel manufacturing
facility in Malaysia in December 2012, while significantly bolstering supply
capacity and cost competitiveness
• • Pursue business competitiveness through an Energy Creation-storage
Linked System
Growing Businesses—Major Measures and Fiscal 2013 Targets
Sales
Operating profit (%)
ROE
Free cash flow
CO2 emission reduction
Net income attributable to
Panasonic Corporation (%)
8,100.0 bil.yen
260.0 bil.yen (3.2%)
50.0 bil.yen (0.6%)
2.6%
100.0 bil.yen
41.00 mil.tons
+3%
+216.3 bil.yen
+822.2 bil.yen
—
+439.9 bil.yen
+0.63 mil.tons
Compared with
Fiscal 2012/Change
Fiscal 2013 Forecasts
Fiscal 2013 Financial Forecast
Please refer to the Panasonic Group Fiscal 2013 Business Policy
announced on May 11, 2012.
(vs Fiscal 2006)
*
Reduction compared with the estimated amount of emissions in fiscal 2013 assuming that no remedial measures were taken since fiscal 2006
1. Solar Business
Fiscal 2013 targets
• Secure sales of 450 megawatts or more,
1.6 times the previous fiscal year
• Capture the top market share in Japan
• • Focus on boosting cost competitiveness by increasing materials
procurement in China and South Korea, manufacturing
high-capacity batteries using proprietary technologies, and
speeding up development and customer support
• • Reinforce proposals in such growth markets as ultrabook PCs
and smartphones
• • Commenced operations at the new plant in Suzhou, China in July
2012; enhance cost competitiveness
• • Capitalize on the Company’s competitive advantage as a leading
battery manufacturer to aggressively expand sales while
maximizing production capacity and cost competitiveness
2. Lithium-Ion Battery Business
Fiscal 2013 targets
• Consumer-use/automotive-use: Return to profit
• Automotive-use: secure a year-on-year
five-fold or more increase in sales
• • Create locally-oriented products based on studies of local lifestyle research
centers, launch energy-efficient ECO NAVI products in the global market,
and offer small appliances as groups of products in order to expand
global sales
• • Introduce several No. 1 eco performance volume high-volume segment
products in newly emerging countries including China in home appliances
including room air conditioners, refrigerators, and washing machines
• • Accelerate global BtoB business development by such activities as promoting
the large-sized air conditioning business in Europe and the U.S.
3. Appliances Business
Fiscal 2013 targets
• 20% year-on-year increase in overseas sales
Consumer-
use
Automotive-
use
Panasonic has position fiscal 2013 as a year
in which it must show ever greater performance.
In addition to promoting ongoing measures
aimed at rebuilding underperforming business,
the Company will pursue increased earnings
in such growth fields as the solar, lithium-ion
battery, and appliances businesses.
Complementing these initiatives, Panasonic
will continue to create strong BtoB businesses.
In similar fashion to the aircraft in-flight
entertainment systems business, every effort
will be made to consistently deliver high value at
both the product and service levels. Across the
business domain companies of Panasonic, the
Company will further reinforce comprehensive
Pursuing Increased Earnings in Growth
Businesses as a Part of Efforts to Achieve
a V-shaped Performance Recovery
Fiscal 2013 Forecasts solutions businesses that create new value.
Moreover, Panasonic will adhere strictly to a
policy of cost cutting across the Group and
improve its profit structure in order to bolster
its management structure. In specific terms,
efforts will include cost cuts through optimization
of procurement activities on a global scale,
steps to secure the positive effects of
structural reform, and rationalization of fixed
costs based on Group-wide emergency
management measures. Through these means,
Panasonic aims to lower the break-even
point by 7% in fiscal 2013. Accounting for
each of the aforementioned endeavors,
Panasonic is targeting sales of 8,100 billion
yen in fiscal 2013, an increase of 3% year on
year, operating profit of 260 billion yen, up
216.3 billion yen compared with fiscal 2012,
and net income attributable to Panasonic
Corporation of 50 billion yen, a year-on-year
turnaround of 822.2 billion yen. In this manner,
the Company plans to achieve a V-shaped
performance recovery.
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