JVC 2004 Annual Report Download - page 22

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Victor Company of Japan, Limited20.
This segment uses its reservoir of proprietary technologies to develop, manufacture and sell
electronic components and devices, generating 6.7% of total Group sales. In the year under
review, sales surged 30.3% to ¥62.0 billion. However, the segment reported a larger operat-
ing loss and the operating margin deteriorated from –1.5% in the previous year to –5.0% in
fiscal 2004.
Components & Devices
Victor Company of Japan, Limited20.