JVC 2007 Annual Report Download - page 3

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1
Performance & Strategy
Victor Company of Japan, Limited (JVC), devised its
Action Plan 2007 to step up business and manage-
ment structural reforms by returning to positive oper-
ating income in fiscal 2008, building a strong
management foundation in fiscal 2009, and switching
to a growth strategy in fiscal 2010.
Page 2JVC at a Glance
Page 4Fiscal 2007 Highlights
Page 5Message from the President
Page 9Business Segment Overview
Page 16 Research and Development Activities
Corporate Social Responsibility
In keeping with our basic philosophy to enrich the lives
of people and manage our businesses so as to sup-
port cultural advancement, we engage in many activi-
ties, such as environmental conservation and
supporting culture and the arts. Our goal is to be a
good corporate citizen and a trusted member of the
international community.
Page 18 Environmental Activities
Page 19 Supporter of Culture and the Arts
Page 20 Management Team
Page 21 Corporate Governance
Corporate Information
The year 2007 marks the 80th year of JVC’s founding.
We are striving to transform JVC into both a technolo-
gy and marketing powerhouse to revive and protect
the JVC brand, and thereby live up to the expectations
of our stakeholders.
Page 22 Organization Chart
Page 23 JVC Group (Japan)
Page 24 JVC Group (Global)
Page 26 History of JVC
Page 57 Corporate Data
Financial Information
In fiscal 2007, JVC recorded net sales of ¥742.7 billion,
an operating loss of ¥5.7 billion, and a net loss of ¥7.9
billion. We issued new shares to third parties in August
2007 to bolster our stockholders’ equity and fund
structural reforms.
Page 28 10-Year Summary
Page 30 Financial Review
Page 34 Consolidated Balance Sheets
Page 36 Consolidated Statements of Operations
Page 37 Consolidated Statements of Changes in Net Assets
Page 38 Consolidated Statements of Cash Flows
Page 39 Notes to Consolidated Financial Statements
Page 56 Independent Auditors’ Report
Contents