Panasonic 2013 Annual Report Download - page 9

Financial Targets
Net income* ≧ 50 bil. yen
Free cash flow ≧ 200 bil. yen
Operating profit ≧ 350 bil. yen
Operating profit ratio ≧ 5%
Free cash flow ≧ 600 bil. yen
(cumulative total in FY2014–2016)
FY2014
FY2016
Group Financial Targets
Under these circumstances, we have embarked on “Cross-Value
Innovation 2015” (CV2015) a new three-year midterm management
plan covering the period from fiscal 2014 to fiscal 2016. CV2015
has two main targets—(1) to immediately eliminate unprofitable
businesses, and (2) to simultaneously provide a new corporate
direction looking forward to the future. We are determined to achieve
these two targets.
In April 2013, we reorganized the structure to enhance individual
business. This entailed progressively dispensing with our previous 9
business domains, and reclassifying the 88 business units (BUs)
under the old domains into 49 business divisions as the “core of
business.” Now positioned as the basic management unit, these
business divisions will be responsible for R&D, production and sales
globally, as well as for continuously increasing cash and profit through
business management. In tandem with the introduction of this busi-
ness division-centric framework, we established 4 Divisional
We have set CV2015 financial targets under this business
division-centered new basic Group structure. For fiscal 2014, we
aim to generate net income attributable to Panasonic Corporation of
at least 50.0 billion yen, and free cash flow (FCF) of at least 200.0
billion yen. Meanwhile, for fiscal 2016, our targets are operating
profit of at least 350.0 billion yen, an operating profit ratio of at least
5%, and 3-year cumulative FCF of at least 600.0 billion yen.
Midterm Management Plan “Cross-Value Innovation 2015”
We plan to turn around unprofitable businesses
and implement future-looking reforms.
Please refer to the “FY2014-16 New Midterm Management Plan FY2014 Business Policy” announced on March 28, 2013
Companies: Appliances (AP), Eco Solutions (ES), AVC Networks
(AVC), and Automotive & Industrial Systems (AIS). Each of these
Divisional Companies will undertake measures that would be difficult
for business divisions to handle on a stand-alone basis. These include
major business development, creating new business and strengthen-
ing key devices. These companies will also support the development
of business divisions.
Eco Solutions Company AVC Networks Company
Automotive & Industrial
Systems Company
<FY2013> 9 Domain Companies
AVC Networks Company Appliances Company Systems & Communications Company Eco Solutions Company Automotive Systems Company
Healthcare Company Manufacturing Solutions Company Industrial Devices Company Energy Company Other
Lighting BD
Energy Systems BD
Housing Systems BD
Panasonic Ecology Systems Co., Ltd.
TV BD
AV Network BD
DSC BD
Imaging BD
Media BD
Visual Systems BD
Avionics BD
IT Products BD
Panasonic Plasma Display Co., Ltd.
Panasonic Liquid Crystal Display Co., Ltd.
Security Systems BD
Communication Products BD
Office Products BD
Infrastructure Systems BD
Panasonic Mobile Communications Co., Ltd.
Automotive Infotainment Systems BD
Automotive Electronics BD
Energy Device BD
Panasonic Storage Battery Co., Ltd.
Portable Rechargeable Battery BD
Automotive Battery BD
Capacitor BD
Printed Circuit Board BD
Circuit Component BD
Electromechanical Components BD
Electronic Materials BD
Automation Controls BD
Semiconductor BD
Panasonic Precision Device Co., Ltd.
Optical Pickup BD
Panasonic Factory Solutions Co., Ltd.
Panasonic Welding Systems Co., Ltd.
Panasonic Cycle Technology Co., Ltd.
<After FY2014> 4 Companies
Appliances Company
Air-conditioner BD
Refrigerator BD
Cold Chain BD
Refrigeration Devices BD
Laundry Systems and Vacuum Cleaner BD
Kitchen Appliances BD
Beauty and Living BD
Motor BD
Smart Energy System BD
Other
PanaHome Corporation
Panasonic Healthcare Co., Ltd.
System LSI BD
BD: Business Division
* Net income attributable to Panasonic Corporation.
PAGE
8
Panasonic Corporation Annual Report 2013
>>
President’s Message [FY2013 Performance Summary / Midterm Management Plan “Cross-Value Innovation 2015”]
President’s Message
Financial Highlights
To Our Stakeholders
Overview of 4 Divisional Companies
ESG Information
Financial and Corporate Data
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