Pioneer 2016 Annual Report Download - page 6

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Medium-Term Plan
map business and autonomous driving field, to be a
leading company in “Comprehensive Infotainment”
that creates comfort, excitement, reliability and
safety in vehicles.
With a new structure that concentrates manage-
ment resources in the Car Electronics business, we
will pursue growth strategies emphasizing the con-
sumer market and OEM businesses, as well as the
We announced the Medium-Term Plan in May 2016, covering the five years through fiscal 2021, ending March 31, 2021.
The following is an explanation of the growth strategies for the Car Electronics business, Pioneer’s main business
and the core component of the Medium-Term Plan.
■ Growth Strategies
for the Car Electronics Business
Fiscal 2017
Forecasts
Fiscal 2018
Plan
Fiscal 2019
Plan
Fiscal 2021
Plan
Net Sales 420.0 430.0 450.0 510.0
Operating Income
(Operating Income Margin)
8.0
(1.9%)
13.0
(3.0%)
20.0
(4.4%)
31.0
(6.1%)
Net Income* 1.0 4.0 13.0 22.0
Car Electronics
Net Sales 335.0 340.0 355.0 410.0
Operating
Income 8.0 13.0 17.0 25.0
Others
Net Sales 85.0 90.0 95.0 100.0
Operating
Income 0 0 3.0 6.0
* Net income attributable to owners of Pioneer Corporation
Notes: 1. Operating income in each business segment represents operating income before elimination of intersegment transactions.
2. From scal 2017, map software, previously classied in “Others,” is reclassied in “Car Electronics.”
3. Exchange rate assumptions are ¥115 = 1 U.S. dollar and ¥125 = 1 euro.
(Billion yen)
Consolidated Numerical Targets for Medium-Term Plan
Special Feature
04 Pioneer Corporation Annual Report 2016