Suzuki 2008 Annual Report Download - page 4

Download and view the complete annual report

Please find page 4 of the 2008 Suzuki annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 52

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52

SUZUKI MOTOR CORPORATION 3
Osamu Suzuki
Chairman & CEO
Hiroshi Tsuda
President & COO
Regarding the progress of our Medium Term
Plan, the target of 3,500,000 million yen in con-
solidated net sales in the “Suzuki Medium Term
5-Year Plan (April 2005-March 2010)”, which
was revised on April 27th 2007, was achieved
ahead of schedule due to active demand for
automobiles in Europe and Asia.
At three years into and two years remaining in
our current medium term 5-year plan, a drasti-
cally changing business environment and ex-
pected investments for new projects has led us
to establish a new “Suzuki Medium Term 3-
Year Plan (April 2008-March 2011)” that aims
to achieve 4,000 billion yen in consolidated net
sales.
The basic policy of this medium term 3-year
plan is the same as the existing plan, and spe-
cific details are provided at right. Every mem-
ber of Suzuki is striving to achieve this mana-
gerial goal.
Under the slogan “Small Cars for a Big Future”,
we are committed to promoting the “production
of small vehicles” and the “development of en-
vironmentally friendly products” needed by our
customers, and to be “Smaller, Fewer, Lighter,
Shorter, and Neater” in all aspects of produc-
tion, organization, facilities, parts, environ-
ment, etc. in order to promote a highly efficient,
well-knit, and healthy business operation.
Also, our executive officers and employees will
strictly adhere to all statutes, social norms, and
in-house rules, etc., act fairly and with sincerity.
We look forward to the continued support and
encouragement of our stockholders.
[Basic policy]
Carrying out investments in R & D and facilities, the Suzuki
Group will establish the revenue base and develop human re-
sources for further growth.
[Medium term business plan target]
FY 2010 plan FY 2007 actual
Consolidated sales amount ........ 4,000 billion yen 3,502.4 billion yen
Motorcycles ................................... 620 billion yen 592.0 billion yen
Automobiles .................................. 3,300 billion yen 2,833.9 billion yen
Others ............................................ 80 billion yen 76.5 billion yen
Consolidated ordinary income ......
170 billion yen 156.9 billion yen
Exchange rate ................................ US$ 100 yen US$ 114 yen
EURO 145 yen EURO 160 yen
World production units
Motorcycles ..................... 4.40 million units 3.39 million units
Automobiles .................... 3.20 million units 2.64 million units
World sales units
Motorcycles ..................... 4.40 million units 3.34 million units
Automobiles .................... 2.95 million units 2.41 million units
3-year total investment on equipment
.................................... 750 billion yen (including main affiliates)