TOKYO, April 26 (Reuters) - Nissan Motor Co , Japan's third-largest auto maker, announced on Monday an outline of a new three-year business plan to begin in April 2005, as it posted a year of record profits for the year to March 2004.
Following are the contents of the "Nissan Value-Up" plan, which ends in the 2007/08 business year:
-- Raise sales volume by 820,000 units to 4.2 million compared with projected sales for the year ending March 31, 2005, representing a global market share of seven percent. Regional contributions to growth: United States and Canada: 250,000 units; Japan: 150,000 units; Europe: 70,000 units; General Overseas Markets (rest of the world): 350,000 units, led by China.
-- Maintain a double-digit operating profit margin, at the "top level" among global auto makers.
-- Keep return on invested capital (ROIC) at or above 20 percent.
-- Introduce the Infiniti luxury brand globally, including in Japan, Europe.
-- Launch 28 all-new Nissan and Infiniti models globally.
-- Expand geographically, including in Russia, China, Southeast Asia, Middle East, Pakistan, India and Africa.
-- Launch key models such as next-generation Cube and Skyline GT-R globally.
-- Seek new opportunities for cheaper and more efficient sourcing.
-- Reorganise its distribution network in Japan to take into account the introduction of the Infiniti brand.
-- Set up Thailand as a strategic base of operations in Southeast Asia.
-- Reorganise and seek new opportunities in the area of light commercial vehicles (LCVs).
-- Become industry leader in customer satisfaction.