JVC 2003 Annual Report Download - page 3

Download and view the complete annual report

Please find page 3 of the 2003 JVC annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 58

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58

Victor Company of Japan, Limited
Annual Report 2003 01
Victor Company of Japan, Limited
Three Initiatives, One Goal
In fiscal 2003, ended March 31, 2003, we successfully turned the
company around and returned to profitability for the first time in five
years. Operating income and net income were back in positive territory
on both a consolidated and non-consolidated basis. These results clearly
vindicate the bold reforms we carried out in the past two years to
fundamentally rebuild our management structure. Every JVC employee
made a vital contribution to driving this turnaround.
However, much remains for us to do as we build on new momentum
running through the company. With renewed confidence, we will work to
realize our three key initiatives—reengineer our business structure, change
our product lineup, and revitalize our corporate culture. And the goal?
Nothing less than offering customers The Perfect Experience by
transforming the Victor Company of Japan, Limited (JVC) into a high-
performance global company.