During this three-year period, we plan to reform our manufacturing so that, as a manufacturer, we can prevail against global competition. We aim for a consolidated gross margin ratio of 50% or more in fiscal year 2016, which would be 2 points higher than in fiscal year 2013.
To cut SG&A expenses, we will work to build efficiency in business departments that provide indirect management. In our corporate department, we will pursue efficiency while sharpening functions that help our business grow. We seek to reduce SG&A expenses by ¥5 billion in fiscal year 2016. In this way, we aim to cut our SG&A expense ratio to 40% or less by fiscal year 2016. This would be 2 points lower than in fiscal year 2013. Under the medium term business plan, we will be investing to transform Konica Minolta. At the same time, we will continue structural reform to maintain our muscular corporate structure.
To cut SG&A expenses, we will work to build efficiency in business departments that provide indirect management. In our corporate department, we will pursue efficiency while sharpening functions that help our business grow. We seek to reduce SG&A expenses by ¥5 billion in fiscal year 2016. In this way, we aim to cut our SG&A expense ratio to 40% or less by fiscal year 2016. This would be 2 points lower than in fiscal year 2013. Under the medium term business plan, we will be investing to transform Konica Minolta. At the same time, we will continue structural reform to maintain our muscular corporate structure.