JVC 2004 Annual Report Download - page 13

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11.Annual Report 2004
Becoming a High-Performance
Global Company
JVC’s operating environment is changing
drastically as global competition intensifies and
customer values diversify. In response, we plan to
make structural reform a constant feature of our
business, continually recasting businesses to
ensure we can rapidly respond to shifts in the
market landscape. By skillfully weaving these
reforms with efforts to accelerate our growth
strategy, we are confident that JVC will be able to
follow a more stable growth trajectory. The goal
of our continuous structural reforms is primarily to
put in place a highly responsive management
structure. This structure, together with a growth
strategy that results in a portfolio of high value-
added products, will reflect JVC’s reputation for
taking unique approaches.
Our Components & Devices segment is one area
targeted for urgent structural reform. In the year
under review, this segment reported a significant
operating loss. Despite this disappointing
performance, we are confident that we can
leverage the segment’s pool of unique
manufacturing processes and core technologies,
particularly its experience in high-precision
technology and processes, to streamline and
restructure its businesses and then move into
growth fields. In short, it is vital that we put in
place an operating structure that allows the
segment to fully capitalize on its technological
strengths. Going forward, in the Components &
Devices segment, we will focus on developing
unique core devices that add value to our
proprietary product lineup, and inject whatever
resources are necessary to achieve this.
LEAP AHEAD 21 PLAN
Shifting to a
23-24 location
operating structure
Reduce the workforce
to 7,000 employees
2007
reform to remain
global market
Reform