Panasonic 2014 Annual Report Download - page 24

The Eco Solutions (ES) Company is committed
to providing society with solutions at home,
in buildings, in factories and throughout the
community by leveraging our accumulated
technologies that help create comfortable
environments and efficiently manage energy.
Through these means, the company is devoting
itself to the well-being of people throughout the
world while reducing environmental impact.
By taking full use of our Group-wide
capabilities that extend beyond its product
lineup to include a variety of solutions, the
company will put forward optimal solutions
thereby creating new value.
All business divisions reported an
Contributing to Society through Technologies
that Help Create Comfortable Environments
and Efficiently Manage Energy
increase in sales on the back of successful
efforts to capture demand in the lead-up
to Japan’s consumption tax rate hike as
well as overseas sales growth. As a
result, the ES Company as a whole
generated net sales of 1,846.6 billion yen
in fiscal 2014, up 10% compared with
the previous fiscal year.
Operating profit climbed from 32.2
billion yen in fiscal 2013 to 95.0 billion yen
in fiscal 2014 for an operating profit ratio of
5.1%. In addition to the upswing in sales,
successful efforts to reduce costs and
other extraordinary initiatives more than
offset the negative impact of the weak yen.
While free cash flows deteriorated year
on year due mainly to the acquisition of
VIKO, Turkey’s leading manufacturer of
wiring devices, results were higher than
initially planned. For details regarding
VIKO, please refer to the “Management
Topics” section of this report, “Panasonic
Purchased Turkish Wiring Device Maker
with Strengths in the Middle East and CIS”
on page 16.
Eco Solutions Company
Sales by RegionSales by Segment
Panasonic Ecology
Systems Co., Ltd.
8%
145.2
Energy Systems
21% 395.3
Additional Sales by
Sales Companies,
“AGE-FREE” Business
Unit (nursing care
products and service)
16 % 286.7
Other Divisional Companies
16% 292.3
1,846.6
(billion yen)
Lighting
17%
322.5
1,846.6
(billion yen)
Overseas 13%
Japan 87%
Overseas
Asia/Middle East 5%
China/North East Asia 4%
North America 3%
Europe/CIS 2%
●●
●
●
●
●
●
●
●
●
●
●
●
●
●
●
●
●
●
●
FY14 Business Composition
(Billions of yen)
2013 2014
2,000.0
1,600.0
1,200.0
800.0
400.0
0
(Billions of yen)
(Billions of yen)
150.0
100.0
50.0
0
80.0
60.0
40.0
20.0
0
(Billions of yen)
2013 2014
1,673.2
79.8
1,846.6
64.1*
(%)
2013 2014
6.0
4.0
2.0
0
Net Sales Operating Profit /
Operating Profit Ratio
Free Cash Flow
Operating Profit [left scale]
Operating Profit/Sales Ratio [right scale]
* Post VIKO acquisition
Housing Systems
22% 404.6
95.0
62.8
5.1%
(Years ended March 31)
●
3.8%
President Tamio Yoshioka
Click here for Panasonic IR Day 2014 Eco Solutions Company presentation materials.
Providing Comfortable Living Spaces while
Reducing Environmental Impact
Apr. 1977
Apr. 2006
Jun. 2011
Apr. 2013
Jun. 2013
Apr. 2014
Joined Matsushita Electric Works, Ltd. (MEW)
Executive Officer, MEW
Director, Panasonic Electric Works Co., Ltd. (formerly MEW)
Senior Managing Officer, Eco Solutions Company
Director of the Company
President, Eco Solutions Company (incumbent)
Senior Managing Director of the Company (incumbent)
PDF
Company Overview
Substantial Increase in Operating Profit
Fiscal 2014 (Year ended March 31,
2014) Financial Results
▶ Business at a Glance ▶ Appliances Company ▶ Eco Solutions Company ▶ AVC Networks Company ▶ Automotive & Industrial Systems Company ▶ Overview of Business Divisions
About Panasonic Top Message Message
from the CFO Business Overview Corporate
Governance
Management
Topics
Panasonic Annual Report 2014 Search Contents Return NextPAGE
23
Highlights
Financial and
Corporate Information
▶▶▶▶ ▶ ▶ ▶ ▶▶▶ ▶ ▶