JVC 2002 Annual Report Download - page 22

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ANNUAL REPORT 2 0 0 22 0
M ANAGEM ENT’S DISCUSSION AND ANALYSIS
OVERVIEW
During fiscal 2002, ended March 31, 2002, the
U.S. economy slowed after the bursting of the IT
bubble. The operating environment deteriorated
rapidly following the September 11 terrorist attacks.
Feeling the impact of the downturn in the U.S.,
economies in Europe and Asia outside Japan also
lost speed. In Japan, stagnant personal consumption
and slumping IT-related demand conspired to prolong
the economic malaise.
NET SALES
Net sales increased 2.1% year on year, or ¥19.8
billion, to ¥954.2 billion (US$7,174 million). By
geographic segment, sales in Japan fell 12.5% to
¥397.6 billion (US$2,990 million), attributable to
weak consumer spending and falling prices. Although
there were some difficulties in the U.S. market due
to the slowing economy and the fallout from the
terrorist attacks, sales climbed 8.3% year on year
to ¥282.8 billion (US$2,127 million), helped by
NET SALES BY SEGMENT Billions of yen
Consumer Professional Components Entertainment
electronics electronics & Devices Softwares & Medias Other
business business business business business Total
2002
Sales ¥6 4 1 .3 ¥ 7 8.3 ¥ 4 9.7 ¥ 1 7 7 .0 ¥ 7 .9 ¥ 9 5 4 .2
Percentage 6 7 . 2 % 8 .2 % 5 .2 % 1 8 .6 % 0 .8 % 1 0 0 .0 %
Change 7 . 1 % (6 .6 )% (1 9 .2 )% (3 . 4 )% 1 1 .4 % 2 .1 %
Domestic Sales ¥ 1 1 5 .0 ¥ 5 1 .8 ¥ 4 .5 ¥ 1 4 9 .6 ¥ 7 .1 ¥ 3 2 8 .0
Change (9 .7 )% (1 0 . 3 )% (5 5 . 2 )% (9 .5 )% 1 8 .6 % (1 0 .5 ) %
Overseas Sales ¥ 5 2 6 .3 ¥ 2 6 .5 ¥ 4 5 .2 ¥ 2 7 .4 ¥ 0 .8 ¥ 62 6 .2
Change 1 1 . 7 % 1 .5 % (1 2 . 2 )% 5 2 .2 % (2 7 .3 )% 1 0 .2 %
2001
Sales ¥5 98.6 ¥ 8 3.9 ¥ 61.5 ¥1 83.3 ¥ 7 .0 ¥934.3
Percentage 64 .1 % 9.0 % 6.6 % 19.6 % 0.7 % 100.0 %
Major Products VCRs,
camcorders,
televisions,
stereo systems,
car audio
systems, DVD
players, 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
sof tware
including CDs,
DVDs and
videot apes,
recording media
Interior furniture