JVC 2009 Annual Report Download

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Table of contents

  • Page 1

  • Page 2
    ..., we will create new and unconventional added value and evolve into a corporate group that provides customers with incomparable experiences they have never before experienced. Contents Financial Highlights Management Message Management Policy and Strategies Outline of Business and Priority Measures...

  • Page 3
    ...for the fiscal year ended March 2009, JVC's results for the first half are not consolidated due to the adoption of the purchase method. *2. JVC's net sales in the reference figures have been converted under the net method and have not been certified by the accounting firm. JVC KENWOOD Holdings, Inc...

  • Page 4
    ..., in the Car Electronics business, J&K Technologies Corp., which integrated the development and production functions of both JVC and Kenwood, was renamed J&K Car Electronics Corporation ("J&K Car Electronics") on June 24, 2009, and the product planning and marketing functions of both companies were...

  • Page 5
    ... genres: the "Car Electronics business," the "Home & Mobile Electronics business," including the three genres of displays, video cameras (camcorders) and home audio, the "Professional Systems business" and the "Entertainment business." In the fiscal year ending March 2010, the Group will reorganize...

  • Page 6
    ... the goal to create and grow unique (unconventional) added value. Specifically, in accordance with the following management policies, JVC KENWOOD Holdings will maximize synergies and develop new businesses. Meanwhile the operating companies, namely JVC, Kenwood and J&K Car Electronics, will execute...

  • Page 7
    ...The Group's New Management Strategies JVC and Kenwood have increased their respective presences. JVC as an operating company has three key business pursuits, B-to-C businesses such as camcorders, car electronics, displays, home audio and AV accessories, B-to-B businesses such as professional systems...

  • Page 8
    ... included cost structural reforms designed to overhaul the corporate and business divisions in terms of expenses, review development Basic Policies for FYE'10/3 1. Cash build-up 2. Thorough implementation of structural reforms 3. Sales expansion with profit (Promotion of growth strategies) Sales...

  • Page 9
    ... the Car Electronics business, the JVC Kenwood Group renamed J&K Technologies Corp. ("J&K Technologies") to J&K Car Electronics Corporation ("J&K Car Electronics") on June 24, 2009. In addition to the development and production functions, the Group also integrated the product planning and marketing...

  • Page 10
    ... 2009, in order to improve overall profitability. Regarding the Professional Systems business, the Group is accelerating measures for early maximization of integration effects, mainly by promoting sales activities of a new multimedia security system that combines Kenwood's Land Mobile Radio terminal...

  • Page 11
    ... weight LCD monitors Security Cameras 3D LCD monitors Professional Camcorders Video Cameras (Memory camcorders) 3D LCD monitors the digital network era. At the same time, by leveraging marketing, product planning and development capabilities that both companies have nurtured to date, the Group will...

  • Page 12
    ...Car Navigation System n CD and DVD mechanism for car-mounted equipment Brand P. 11 Home & Mobile Electronics Business Net sales ¥105,413 Operating loss -¥1,346 Major Products n LCD TVs n Home Audio n AV Accessories n Video Cameras n Projectors Brand P. 12 (Japan only) Professional Systems...

  • Page 13
    ...180 Major Products Audio AV system n Car Navigation System n CD and DVD mechanism for car-mounted equipment Brand AV-integrated navigation systems for the overseas consumer markets through the collaboration with Garmin Ltd Navigation DVD/CD/USB Receiver Full-Speed USB2.0 for iPod and iPhone for...

  • Page 14
    ... Products n LCD TVs n Home Audio n AV Accessories Brand (Japan only) Thinnest*3 (6.4mm*4) and lightest weight*3 (5.7kg) 32" Class Full HD LCD Display Used wood, an ideal material for use as a vibration board DVD/CD Woodcone Speakers Micro System Kseries, a compact Hi-Fi system making full use...

  • Page 15
    ... projector markets. n Video Digital Imaging Major Products Cameras n Projectors Brand (Japan only) Two-in-one camera that can take 1920 x 1080 full high definition movies and 9-megapixel still images HD Flash Memory Camera "Everio X" Ultra-compact unit with long recording time New HD Hard Drive...

  • Page 16
    ... Equipment n Video Equipment n Audio Equipment n Display Equipment n Land Brand Digital Land Mobile Radio "NEXEDGE" for the Business & Industry sector Compact, stylish and specified low power transceiver for in-store use VoIP radio dispatch system enables users to reduce the time and costs...

  • Page 17
    ...Millions of yen) Net sales Operating profit ¥30,617 ¥248 Major Products n Planning, Production and Sales of Audio and Video Software Including CDs and DVDs n Production and Sales of CDs and DVDs (pre-recorded) n Distribution of Audio and Other Software Brand (Japan only) KEISUKE KUWATA "SHOWA...

  • Page 18
    ... have on the environment, from development, production and sales to recycling, and will engage in protecting the global environment as a green company that has the international community's trust. In Europe, JVC's LT-42DS9 model LCD TV won EISA's European Green TV 2008-2009 Award for its outstanding...

  • Page 19
    ... an organization that supports the education of underprivileged children in Kuala Lumpur. The funds were used for children's technical education. by providing audio and video equipment. Customer Opinions At our call center, we offer appropriate consultation services for customers under a community...

  • Page 20
    ... a system for officers to hold positions of responsibility under the new system of Executive Officers, the former system by which Directors held positions of responsibility has been abolished. At the same time, Presidents of operating companies promote integrated management of the JVC Kenwood Group...

  • Page 21
    ... any such specific measures so far. Internal Audits and Auditors' Audits JVC Kenwood conducts internal audits on the overall business execution of the entire Group. Results of these audits are reported to the Board of Directors, an oversight organization, by the Corporate Audit Office, where six...

  • Page 22
    ... CEO Motoyoshi Adachi Director of the Board, and President and Representative Director of the Board of JVC Hidetoshi Yoshida Director of the Board, President and Representative Director of the Board of J&K Car Electronics, and Representative Director of the Board of Kenwood Kazuo Shiohata Director...

  • Page 23
    ...strategies and Group consolidated management reforms)* Hiroshi Odaka Senior Vice President & Executive Officer, Assistant CEO (structural reforms and support of JVC and J&K Car Electronics), General Executive, Strategic Human Resources & Administrations Division and Director of the Board of J&K Car...

  • Page 24
    ... global market for its achievements, including the development of the 45-45 stereo system in 1956 and the world's first 2-headed VCR in 1959, in addition to the development of television. In 1976, JVC released VHS home video recorders, which are still used by many families around the world as Japan...

  • Page 25
    ... 2009 Agreed to the management integration of JVC and KENWOOD through the establishment of a joint holding company Introduced the JVC global brand throughout Japan Introduced the Pro HD Memory Card Camera Recorder GY-HM100 [6] Introduced the GD-463D10, full HD 3D LCD Monitor for professional use...

  • Page 26
    ...home-use and car-mounted audio systems as well as commercial radio equipment businesses. Its business areas have also expanded globally into North America, Europe and Asia. During the period when Kenwood was called TRIO Electronics, Inc. (1960 - 1986), it developed as a full-scale audio manufacturer...

  • Page 27
    ... a Management Integration through the Establishment of a Joint Holding Company with Victor Company of Japan, Limited Launched a voluntary organization jointly to contribute to the development of land mobile radio in the Americas 2009 Launched Simultaneous Communications System, VoIP Radio Dispatch...

  • Page 28
    ...) (As of the end of June 2009) Global Affiliated Manufacturing Companies Company Name JVC America, Inc. JVC Industrial de Mexico, S.A. de C.V. JVC Electronics Singapore Pte. Ltd.* JVC Manufacturing Malaysia Sdn. Bhd. JVC Manufacturing(Thailand) Co., Ltd. JVC Optical Components(Thailand) Co., Ltd...

  • Page 29
    ...Companies Company Name JVC Asia Pte. Ltd. JVC ASIA Pte. Ltd. Sales & Service Division JVC Sales & Service (Malaysia) Sdn. Bhd. JVC Sales & Service (Thailand) Co., Ltd. JVC (Philippines), Inc. JVC Vietnam Limited JVC Taiwan Corp. JVC Gulf FZE Kenwood Electronics Singapore Pte Ltd. Kenwood Electronics...

  • Page 30
    ...Kenwood Yokohama Business Center Location Yokohama, Kanagawa Yokosuka, Kanagawa Hachioji, Tokyo Yokohama, Kanagawa Main R&D Products Video cameras, TVs Video cameras, TVs, Projectors Car Electronics, Home audio Communications Main Japanese Manufacturing Sites and Affiliated Manufacturing Companies...

  • Page 31
    ... Office Market for Listing Securities Code Number of Employees Capital Net Assets Total Assets Fiscal Year URL JVC KENWOOD Holdings, Inc. Controlling and managing the business activities by operating the Car Electronics business, Home & Mobile Electronics business, Professional Systems business and...

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