JVC 2004 Annual Report Download - page 16

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Victor Company of Japan, Limited14.14. Victor Company of Japan, Limited
Business Segment Overview
Consumer Electronics
Consumer Electronics is JVC’s core business, accounting for around 70% of total group sales.
Centered on the development, manufacture and sale of consumer audio and visual products for
the global market, more than 80% of segment sales are derived from overseas operations.
Although the segment reported a 5.5% decline in sales to ¥638.1 billion for the year under
review, profits grew and the operating margin improved 0.3 of a percentage point to 4.0%.