JVC 2010 Annual Report Download

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Annual Report 2010 Company Profile Section

Table of contents

  • Page 1
    Annual Report 2010 Company Profile Section

  • Page 2
    ... before experienced. Contents Financial Highlights Management Message Management Policy and Strategies Outline of Business and Priority Measures Environmental Management and Social Activities Corporate Governance Management Team Corporate History Network (Global/Japan) Corporate Data 1 2 4 10 20...

  • Page 3
    ... activities Number of employees 274,...JVC 0 FYE 3/'09 *1. In the Groupʼs earnings results for the fiscal year ended March 2009, JVCʼs results for the first half are not consolidated due to the adoption of the purchase method. *2. JVCʼs net sales in the reference figures have been converted...

  • Page 4
    ... same time as management integration, the JVC Kenwood Group implemented the Business Structural Reform Action Plan, which focused on improving the performance of unprofitable businesses in the fiscal year ended March 2010. Consequently, we significantly reduced fixed costs in the display, camcorder...

  • Page 5
    ... next-generation new media and services. With respect to the land mobile radio segment, Kenwood is ranked second in the world and top in Japan by market share in a market where high levels of public safety are required. Meanwhile, JVC is active in the business solutions segment, marketing security...

  • Page 6
    ...common to JVC and Kenwood (the Car Electronics and Home Audio businesses). But from now on, the Company will try to create and enhance synergy effects, promote new businesses and development new products. It will do this by optimizing the integrated management of the Group as well as businesses that...

  • Page 7
    ... using sales networks and bases, jointly purchasing materials and conducting other activities to create businesses in growing markets. These include the public security markets and security markets. At the same time, we will open the door to emerging markets by developing products destined for Asia...

  • Page 8
    ... Thai plant of JVC- Display business head office and exclusive display plant Production of business solution products (monitors, recorders, video cameras, etc.) manufactured at JVCʼs Thai Plant is to be outsourced or transferred to JVCʼs plant in Malaysia, and the plant in Thailand will serve as...

  • Page 9
    ...BB AV Accessories (AVC) Home Audio (HA) Camcorders (CAM) Displays (DP) 40% 50% 55% 62% CE Home & Mobile Electronics Business (HM) Business Solution (BS) Communications (COM) Professional Systems Business (BB) Car Electronics Business (CE) 20% 42% 0% FYE 3/'09 FYE 3/'10 FYE 3/'11 (Plan) FYE...

  • Page 10
    ... year (eight billion yen annually) and the effect of the Action Plan for Reconstructing the Corporate Base set forth above, the Company aims to secure a turnaround in operating income (see note) for the combined total of the Home & Mobile Electronics and Entertainment businesses. ＊As for the Home...

  • Page 11
    ...changes in the business portfolio. Target by segment (Reference) FYE 3/'10 (New segmentation) (Reference) FYE 3/'11 (Initial forecast) FYE 3/'13 Target Change (Billions of yen) Segment Car Electronics + Professional Systems Home & Mobile Electronics + Entertainment New operation / Other Net sales...

  • Page 12
    ...Measures Car Electronics Business â- FYE 3/ʼ10（Millions of yen） Consolidated net sales: 107,814 Consolidated operating income: 4,090 Sales composition: 27% â- Major Products Car Audio Car AV System Car Navigation System CD and DVD mechanism for car-mounted equipment 10 JVC KENWOOD Holdings...

  • Page 13
    ... for iPod / iPhone and USB media applications. *KIV-700 Digital Media Receiver has garnered the 2010-2011 European Imaging and Sound Associationʼs (EISA) European InCar Head Unit award. DVD mechanism which can boast of being the thinnest and lightest in the OEM Business JVC KENWOOD Holdings, Inc...

  • Page 14
    ... Systems Business â- FYE 3/ʼ10（Millions of yen） Consolidated net sales: 91,390 Consolidated operating loss: -1,321 Sales composition: 23% â- Major Products Land Mobile Radio Equipment Video Surveillance Equipment Video Equipment Audio Equipment Display Equipment 12 JVC KENWOOD Holdings...

  • Page 15
    ... in the public safety and security markets by commercializing a wireless transmission system for surveillance camera images that combines both companiesʼ technologies and know-how. Digital Land Mobile Radio "NEXEDGE®" for the Business & Industry sector Customers can choose a camera that is...

  • Page 16
    ... Measures Home & Mobile Electronics Business â- FYE 3/ʼ10（Millions of yen） Consolidated net sales: 141,773 Consolidated operating loss: -10,752 Sales composition: 36% â- Major Products Camcorders (Video Cameras) Home Audio AV Accessories Projectors Displays 14 JVC KENWOOD Holdings, Inc...

  • Page 17
    ... and the digital imaging business, which encompasses mainly camcorders (video cameras). In the home entertainment business, the AV accessory segment established a highly profitable structure by forming a fabless business model. The home audio system segment, as the common business of Kenwood and JVC...

  • Page 18
    ... net sales: 44,934 Consolidated operating loss: -1,744 Sales composition: 11% â- Major Products Planning, Production and Sales of Audio and Video Software Including CDs and DVDs Production and Sales of CDs and DVDs (pre-recorded) Distribution of Audio and Other Software 16 JVC KENWOOD Holdings...

  • Page 19
    ... transfer of technological know-how in marketing, sales promotion, as well as the production of music and images into JVCʼs entertainment and general business segments. The five main business segments of JVC are listed as follows: ❶T  he Music Plus Business: Creating added value through sound...

  • Page 20
    Outline of Business and Priority Measures New Business 18 JVC KENWOOD Holdings, Inc.

  • Page 21
    ...Installed with a new network service function activities ❹Tuner BOX that makes the new network service available by connecting with the audio-video equipment that users already have such as a TV and VCR Home AVC Video image of the new network service Tuner Box JVC KENWOOD Holdings, Inc. 19

  • Page 22
    ...-friendly. The symbol mark is affixed to products that JVC KENWOOD Holdings Environment Board Organization System conform to environmental standards. It is also used as an Acquisition of ISO 14001 International Environmental Management Standard Certification In accordance with the environmental...

  • Page 23
    ... school. An employee of JVCʼs U.S. plant (left) and pupils of Arcadia Elementary School Amateur Radio Products Donated to Support Reconstruction Following the Haiti Earthquake Kenwood donated Amateur Radio (Ham) products, which offer a means of communication that requires no public infrastructure...

  • Page 24
    .../ Audit Audit Office Chairman, President and CEO Supervising Board of Executive Officers Internal Audit Auditing Execution Corporate Planning Division Strategic Human Resources & Administration Division Integrated Technical Development Division New Business Development Center Compliance Committee...

  • Page 25
    ... hold the corporate audit function. â- Internal Audits and Auditorsʼ Audits Systems 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...

  • Page 26
    ...of the fiscal year ended March 31, 2010. of a system that maintains a board of directors with the authority to decide important management matters. 2. Establish the "JVC Kenwood Group Code of Conduct on Compliance" (hereinafter "Code of Conduct") that specifically outlines common values and ethical...

  • Page 27
    ... companies in Europe, Americas, and Asia, and establish consolidated accounting rules and develop operational workflows and systems that enable JVC Kenwood to centrally identify the profits and losses of business companies as well as of overseas affiliates. In addition, promote a strengthening...

  • Page 28
    ... the Board Haruo Kawahara Representative Director of the Board (in charge of Management and Financial Reforms) Kazuo Shiohata Director of the Board (in charge of Management Strategy) Hisayoshi Fuwa Director of the Board (in charge of Group Management Reforms) Hiroshi Odaka Director of the Board, and...

  • Page 29
    ...Car Electronics * Shoichiro Eguchi * Concurrently serving as Director of the Board Representative Directors of Operating Company Victor Company of Japan, Limited (Director of the Board of JVC Kenwood) President and Representative Director of the Board Yuta Ito *Representative Director of the Board...

  • Page 30
    ... fiscal year ended March 31, 2010 Joint Development Products â' AV Control Center "KRF-V9300D" â'¡Kenwood-brand Japanese consumer model "MDV-313" â'¢JVC-brand overseas consumer model "KW-NT3" â'£A gramophone of 1928 â'¤The worldʼs first VHS home video recorder "HR-3300" â'¥Stereoscopic Image...

  • Page 31
    ... of land mobile radios in the Americas Launched the Simultaneous Communications System and VoIP Radio Dispatch System KIV-700 Digital Media Receiver has garnered the 2010-2011 European Imaging and Sound Associationʼs (EISA) European In-Car Head Unit award. (Photoâ'¨) JVC KENWOOD Holdings, Inc. 29

  • Page 32
    ...Manufacturing Company 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. P.T. JVC Electronics Indonesia* Kenwood Electronics...

  • Page 33
    ... Company 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 34
    ... Kenwood Yokohama Business Center Location Yokohama, Kanagawa Maebashi, Gunma Yokosuka, Kanagawa Hachioji, Tokyo Yokohama, Kanagawa Main R&D Products Video cameras, TVs Car electronics, Home audio Video cameras, TVs, projectors Car electronics, Home audio Communications Main Japanese Manufacturing...

  • Page 35
    ...Office Market for Listing Securities Code Number of Employees Capital Net Assets Total Assets Fiscal Year URL Operating Companies Corporate Name Principal Business Date of Incorporation Location of Head Office Number of Employees Victor Company of Japan, Limited Research, development, manufacturing...

  • Page 36
    3-12, MoriyaCho, Kanagawa-ku, Yokohama-shi Kanagawa, 221-0022, Japan For further information, please contact: Public and Investor Relations, Strategic Corporate Planning Div. Tel: +81-(0)45-444-5232 Fax: +81-(0)45-444-5239 E-mail:[email protected] â'¸2010 JVC KENWOOD Holdings, Inc. JKHD0019