Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On the About Citizen section of the company's website, it appears that CITIZEN have held the belief of Better Starts Now. Is that slogan useful

On the About Citizen section of the company's website, it appears that CITIZEN have held the belief of "Better Starts Now". Is that slogan useful as a vision statement? Explain.

image text in transcribed
MINI-CASE ON CITIZEN HOLDINGS COMPANY LIMITED (CIZN) DOES CITIZEN HOLDINGS' HAVE A CLEAR VISION OR MISSION? Citizen Holdings, headquartered in Nishitokyo, Japan, manufactures Cincom precision lathe machine tools as well as Citizen and Bulova watches. The company has five segments-watches and clocks, machine tools, devices and components, electronic products, and other products. The financial results for the first quarter of the fiscal year ending March 31, 2016, saw the watches Source: @ georgy Kopytin.123rf and clocks segment increase profits, with net sales of V43.0 billion (up 13.3 percent year-on-year) and operating income of V4.5 billion (up 101.3 percent year-on-year). The machine tools segment achieved higher sales but lower profits, with net sales of V12.2 billion (up 5.4 percent year-on-year) and operating income of V1.2 billion (down 12.5 percent year-on-year). The devices and components segment saw net sales of V19.8 billion (up 18.9 percent year-on-year) and operating income of V1.7 billion (up 3.1 percent year-on-year). However, the electronic products segment fell in both sales and profit, with net sales of V5.7 billion (down 11.3 percent year-on-year) and operating income of 10.0 billion (down 99.9 percent year-on-year), and the other product segment, as a whole, recorded lower sales but higher profits, with net sales of V2.7 billion and operating loss of YO.1 billion. For the three months ended June 30, 2015, Citizen's sales amounted to V83,690 million, a 10.2 percent increase from the previous year. The company's operating income for the three months ending June 30, 2015 was V6,350 million, which was a 39 percent increase from the previous year. For now Citizen Holdings Company is ticking along very nicely

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Tourism Concepts And Practices

Authors: John R Walker, Josielyn T Walker

1st Edition

0138142459, 9780138142452

More Books

Students also viewed these General Management questions

Question

Are Evelyns children entitled to a share of Josiahs estate?

Answered: 1 week ago

Question

Get married, do not wait for me

Answered: 1 week ago

Question

Do not pay him, wait until I come

Answered: 1 week ago

Question

Do not get married, wait until I come, etc.

Answered: 1 week ago