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Restructuring
Car Electronics
Thorough review of business structure in all processes—development, production, and sales
· Development: Enhancing efficiency of development and production with full introduction
of modular design
· Production: Reducing production costs through streamlining and realigning our produc-
tion sites in Japan and overseas
· Sales: Shifting management resources to emerging markets while streamlining sales
structure in developed markets
Home Electronics
Major review of businesses to establish structure for stable profits
· Streamline by realigning and establishing home AV business as a separate entity and
developing peripheral businesses
· Further streamline optical disc business
Group-wide Personnel adjustments, including at Group companies in Japan
Fixed cost reductions Reduce management’s compensation and employees’ salaries and bonuses in fiscal 2014
We are restructuring through structuring measures that will thoroughly
review our cost structure, while at the same time implementing short-
term measures that will produce immediate effects, to create a stronger
operating base that can support growth.
With regard to structuring measures, for our core Car Electronics
business, we are thoroughly reviewing all processes—development,
production, and sales—to achieve solid profitability. In Home Electronics,
we will establish our home AV business as a separate entity through a
merger with our Home Electronics sales subsidiary in July 2013, and
further realign the organizational structure with the additional merger of
a telephone manufacturing and sales subsidiary in October 2013. We
will also streamline the optical disc business structure by approximately
40%, in line with the size of the market.
On a Group-wide basis, we will transform the earnings structure
through personnel adjustments involving roughly 800 employees in
Japan, including employees at Group companies.
Concerning short-term measures, we will cut fixed costs by reduc-
ing management’s compensation and employees’ salaries and bonuses
in fiscal 2014.
Through these concentrated restructuring measures, we expect to
improve profit by approximately ¥10.0 billion each in fiscal 2014 and
fiscal 2015, compared with fiscal 2013.
n Structuring Measures
n Short-term Measures
Overview of Restructuring
Pioneer Corporation Annual Report 2013
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