As one of the biggest bike brands in the world, there’s a certain amount of pressure for Yamaha Motor Co. to continue improving its bottom line. The same can be said for a lot of brands, but more so for brands like Yamaha. That’s probably the reason why CEO Hiroyuki Yanagi is laying out the company’s mid-term plans and a big part of that objective is for the company to double the operating profit margin of its motorcycle business while also lowering production costs.
It’s a task far easier said than done, but if there’s a company that’s capable of doing it, the world’s second-largest motorcycle brand is right on top of that list.
According to Yunagi, the company will seek to improve the profit margin of its motorcycle business by 10 percent ending in 2018. In addition, the said business will end up owning close to half of the company’s operating income. Should Yamaha achieve that goal, it would improve its numbers by 26 percent compared to what they were in 2014. Not too bad.
A big part in achieving that goal is tied into the company’s production strategy. Yamaha already began a new plan to build more fuel-efficient models and use a shared platform across numerous ranges to drop production costs by 20 percent. It’s a sound strategy considering that the industry has shifted towards that kind of ideology in recent years.
Even car manufacturers have taken to that approach and it’s served them pretty well.
Click "continue reading" to read more about Yamaha’s mid-term plans ending in 2018.
Yamaha Lays Out Business Plan For Next Few Years originally appeared on topspeed.com on Friday, 27 February 2015 18:00 EST.
from Top Speed http://ift.tt/1DjBVom
via IFTTT
0 comments:
Post a Comment