Mitsubishi 2002 Annual Report Download - page 20

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18
KEY POINTS OF THE TURNAROUND PLAN
18
MATERIAL COSTS
REDUCTION
FY2001: ¥60 billion
FY2002: ¥130 billion
FY2003: ¥148 billion (15%)
¥73.2 billion (6.5%)
FIXED COST
REDUCTION /
OTHER IMPROVEMENTS
¥63.7 billion
HEADCOUNT
ADJUSTMENT
FY2001: Adjustment of 5,050
people
FY2003: Adjustment of 9,500
people (15%)
Adjustment of 9,100 people
18% (Closure of Oye plant)
FY2003 (initial target): 20%
FY2003 (revised target): 28%
PRODUCTION CAPACITY
REDUCTION
FY2001: Net income break even
on consolidated basis Net income of ¥11.3 billion
BUSINESS TARGETS
FY2002: Operating profit
margin of 2.5%
FY2003: Operating profit
margin of 4.5%
Operating profit margin of 1.3%
FY01
18.0
28.0
FY03
2001 TURNAROUND PLAN TARGETS ACHIEVEMENTS BY END OF FY2001
FY2001: ¥40 billion
FY2002: ¥45 billion
FY2003: ¥55 billion
TARGET ACTUAL
(¥ billions)
(¥ billions)
(people)
(%)
(¥ billions)
(%)
FY01
73.2
130
60.0
148
FY03FY02
FY01
63.7
45.0
40.0
55.0
FY03FY02
FY01
5,050
9,100 9,500
FY03
278.1
11.3
Break even
FY01
FY00
FY01
1.3
2.5
4.5
FY03FY02