Kenwood 2001 Annual Report Download - page 2

Company Profile
Approximately half a century ago, Kenwood started its business with the production of parts and components for
communications equipment. Today, its business field has expanded to include wireless radio equipment, telephones,
high-grade audio products for homes and automobiles, and other electronics equipment. Its operation also stretches
throughout the world to include not only Japan, the US, and Europe, but also Asia, Africa, and Latin America.
In recent years, Information Technology (IT) revolution has brought about a rapid change throughout the world in
people's lifestyles, witness the widespread use of the Internet and cellular phones. We are observing the beginning of a
new era where immense amounts of content and a multitude of services are offered over networks, not only by computers
but via various types of information and audio-visual equipment including mobile terminals on automobiles. By fusing IT
with its unique technologies in sound and communications, Kenwood is actively developing new products that will lead the
digital-networking society.
In the meantime, in its existing business areas, Kenwood is striving to offer more appealing products by utilizing its
distinctive know-how in product planning and design. Further, in order to solidify its foothold as a manufacturer, an effort
is being made to restructure its production, distribution, and sales facilities on a global scale. Kenwood continues to
revitalize itself with its innovative management and pertinent business strategies for higher profitability.
Notes on business outlook
Kenwood's business plans, strategies, beliefs, etc. expressed in this annual report also contain some business outlooks for the future that are not part of the historical
truth. Although Kenwood's management wish to present an accurate view based on all information available today, it is inevitable that business forecasts contain risks
and uncertainties. Actual business performance depends on various factors and may contradict with what has been predicted. Critical factors that may affect the
business outcome include, but are not limited to, the followings. •Economic surroundings and consumer spending in Japan and other major countries •Demand for
Kenwood's products and price reduction pressure arising from competition •Rapid technological development in a highly competitive market and availability of unique
and innovative products that appeal to consumers •Currency exchange rates (especially Japanese yen vs. US dollar and other currencies with which Kenwood carries out
a large portion of its business transactions)
Contents
A Message from the President
Year in Review
Construct a New Organization to Instill Vigor into Business
Home Electronics Division
Car Electronics Division
Communications Equipment Division
Devices Division
Financial Review
Consolidated Balance Sheets
Consolidated Statements of Operations
Consolidated Statements of Shareholders' Equity
Consolidated Statements of Cash Flow
Notes to the Consolidated Financial Statements
Independent Auditors' Report
The Kenwood Group
Corporate Data Board of Directors
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Financial Highlights
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