JVC 2000 Annual Report Download - page 20

18 JVC 2000
Analysis of Income For the fiscal year ended March
31, 2000, JVC posted consolidated net sales of ¥870,235
million (US$8,209.8 million), a decrease of 8.1% compared
with the previous fiscal year. In Japan, total sales fell 14.5%,
adversely affected by lower prices, a slowdown in consumer
spending and weak private capital investment. Overseas,
total sales decreased 3.7% due to the strong yen despite
favorable demand in Europe and the United States.
By category, sales of Consumer Electronics declined
4.5% to ¥584,934 million (US$5,518.2 million), accounting for
67.2% of net sales, up 2.5 percentage points. Overseas sales
of Consumer Electronics, which make up 51.2% of net sales,
achieved strong sales on a local currency basis, buoyed by
robust sales of DVC and DVD players. Overseas sales of the
segment grew 15% overall, with sales increasing 12% in
North America, 18% in Europe and 19% in Asia on a local
currency basis. Adversely affected by currency fluctuations,
however, overseas sales in the segment declined 2.8% com-
pared with the previous fiscal year. In Japan, such high-value-
added products as DVC and D-VHS grew in terms of units
sold. However, domestic sales of the segment fell 9.4%,
owing to an overall decline in the industry from weak con-
sumer spending, lower prices and a sharp fall in TVs and in-
expensive VTRs.
Sales of Professional Electronics decreased 18.0% to
¥88,311 million (US$833.1 million), representing 10.1% of net
sales, down 1.3 percentage points. Despite firm demand for
surveillance cameras, domestic sales fell 18.8% due to lack-
luster demand for D-ILA projectors, optical communications
systems and karaoke systems, adversely affected by weak
private capital investment. Although sales of the PROFES-
SIONAL DV series increased in the second half of the term,
overseas sales decreased 16.4%, owing to inventory adjust-
ments, price competition and currency fluctuations.
FINANCIAL REVIEW
VCRs, camcorders,
videotapes,
televisions,
stereo systems,
car audio systems,
CD radio cassette
tape players and
telephones
Professional-use
and educational-use
systems,
information systems,
karaoke systems
and projectors
Components for use
in computer
displays,
video heads,
motors and
“VIL” PWBs
Audio and visual
software including
CDs, DVDs and
videotapes
Interior furniture
NET SALES BY CATEGORY (Billions of yen)
Consumer Professional Components Entertainment Other Total
Electronics Electronics & Devices
2000 584.9 88.3 66.8 125.2 5.0 870.2
67.2% 10.1% 7.7% 14.4% 0.6% 100.0%
Change (4.5)% (18.0)% (9.4)% (16.0)% 25.5% (8.1)%
Domestic Sales 139.1 56.2 14.2 110.4 5.0 324.9
Change (9.4)% (18.8)% (25.3)% (18.2)% 47.1% (14.5)%
Overseas Sales 445.8 32.1 52.6 14.8 0.0 545.3
Change (2.8)% (16.4)% (3.8)% 5.7% –(3.7)%
1999 612.3 107.6 73.7 148.9 4.0 946.6
64.7% 11.4% 7.8% 15.7% 0.4% 100.0%
Major
Products