Chairman, with CFO, explained revised business plan both quantitatively and qualitatively.
For Hino business unit, once MAT set 800units of annual sales for business plan as per the HMST’s sales projection at beginning of this year but it is no more realistic since the assumption of the plan was totally opposite and no recovery symptom in the market. MAT revised total units 607units instead due to the current depression of economy. MAT’s major customer portfolio is automotive industries as well as Japanese major customers such as MOL, K-Line, NYK and Sankyu, who are knocked down by heavy recession of automotive industries and currently suspended new procurement. However, despite of those factors, MAT set the challenging target to boost increase of sales more than 40units in 2nd half total 325units comparing to 1st half estimate 282units, service revenue target also more than last year’s.
Chairman, with CFO, explained revised business plan both quantitatively and qualitatively.For Hino business unit, once MAT set 800units of annual sales for business plan as per the HMST’s sales projection at beginning of this year but it is no more realistic since the assumption of the plan was totally opposite and no recovery symptom in the market. MAT revised total units 607units instead due to the current depression of economy. MAT’s major customer portfolio is automotive industries as well as Japanese major customers such as MOL, K-Line, NYK and Sankyu, who are knocked down by heavy recession of automotive industries and currently suspended new procurement. However, despite of those factors, MAT set the challenging target to boost increase of sales more than 40units in 2nd half total 325units comparing to 1st half estimate 282units, service revenue target also more than last year’s.
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