JVC 2011 Annual Report Download

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Company Profile Section

Table of contents

  • Page 1
    Company Profile Section

  • Page 2
    ... subsidiaries Victor Company of Japan, Limited, Kenwood Corporation, and J&K Car Electronics Corporation took effect on October 1, 2011. Corporate Visions Creating excitement and peace of mind for the people of the world Contents Financial Highlights Overview of the JVC KENWOOD Group Management...

  • Page 3
    ... adoption of the purchase method. 2. JVCʼs net sales in the reference figures have been converted under the net method and have not been certified by the accounting firm. 3. JVC KENWOOD conducted a 10-for-1 stock consolidation of its common shares effective August 1, 2011. 4. (Net assets - Minority...

  • Page 4
    ... CE businesses into JKCE. Converted JVC, Kenwood and JKCE into companies without board of directors or board of auditors. Changed the company name of JVC KENWOOD Holdings, Inc. to JVC KENWOOD Corp. JVC KENWOOD executed an absorption-type merger of three subsidiaries. 100 owned 100 owned Sales...

  • Page 5
    ... of the JVC KENWOOD Group Corporate Data Company Name: Business Segments: JVC KENWOOD Corporation Controlling and managing the business activities by operating the Car Electronics business, Professional Systems business, Home & Mobile Electronics business and Entertainment business and owning...

  • Page 6
    ... aspects of the business and being a company that is widely trusted by society. President, Representative Director of the Board, Chief Executive Officer Chairman, Representative Director of the Board, Senior Executive Officer Responsible for Integarated Management 4 JVC KENWOOD Corporation

  • Page 7
    ...a business group whose sound, images, and radio communications products and drivers make communication a reality for the people of the world. In order to do this, we plan to implement a growthoriented investment strategy in the respective domains of car electronics, radio equipment, cameras, imaging...

  • Page 8
    ... as well as products that address concerns about an aging population, ecology and security/safety. These changes will contribute to the Car Electronics and Professional System businesses in the future. As for the Home & Mobile Electronics business, which faces fierce competition, we will shift our...

  • Page 9
    ... 1, 2011. The JVC KENWOOD Group will further develop the four business domains of Car Electronics, Professional Systems, Home & Mobile Electronics and Entertainment, with the Groupʼs strengths in video and sound technologies and music and image software at its core, based on a corporate foundation...

  • Page 10
    ... Eguchi COO of Car Electronics Business Group Kazuhiro Aigami COO of Professional Systems Business Group Hisayoshi Fuwa Masaaki Saito COO of Home & Mobile Electronics Business Group COO of Entertainment Software Business Group （3） Establishment of Growth Strategy Promotion Conference The Growth...

  • Page 11
    ... COO Entertainment Software Business Group Home & Mobile Electronics Business Group Professional Systems Business Group Car Electronics Business Group Research & Development Structure The JVC KENWOOD Group is concentrating on businesses where the Groupʼs strengths as a specialty manufacturer...

  • Page 12
    ... the Home & Mobile Electronics business that handles consumer cameras, video and audio equipments using visual and audio technologies that are also used in the Professional Systems business; and (4) the Entertainment business that specializes in video and music software. 10 JVC KENWOOD Corporation

  • Page 13
    .... By business field, we will basically use the KENWOOD and JVC brands for car electronics and audio equipment, the brands of KENWOOD and Zetron (the name of a U.S. subsidiary) for land mobile radio equipment, the JVC brand for cameras and video equipments, and the brands of Victor Entertainment, Inc...

  • Page 14
    ...Strategy New genre of products New Brand 4 Management targets The JVC KENWOOD Group on May 28, 2010 formulated the current three-year Mid-term Business Plan that runs from the fiscal year ended March 2011 through the fiscal year ending March 2013. It then mapped out specific measures for the plan...

  • Page 15
    ... Business Alliance with Shinwa International Holdings Limited and acquisition of the companyʼs shares was announced in the "Notice on Capital and Business Alliance with In-Car Device Manufacturing Company and Acquisition of the Companyʼs Shares" released on October 28, 2011. The above management...

  • Page 16
    Outline of Business Car Electronics Business Home & Mobile Electronics Business Chief Operating Officer, Professional Systems Business Group Chief Operating Officer, Home & Mobile Electronics Business Group Kazuhiro Aigami Hisayoshi Fuwa 14 JVC KENWOOD Corporation

  • Page 17
    Outline of Business Professional Systems Business Entertainment Business Chief Operating Officer, Car Electronics Business Group Chief Operating Officer, Entertainment Software Business Group Shoichiro Eguchi Masaaki Saito JVC KENWOOD Corporation 15

  • Page 18
    ...that address concerns about safety, security and ecology and that merge cutting-edge technologies. The Car Electronics business handles products such as car audio systems, car AV systems, car navigation systems as well as optical disk drive mechanisms and optical pickups for carmounted equipment for...

  • Page 19
    ... strive to develop products that address concerns about safety, security and ecology and that combine cutting-edge image pickup, video, acoustic and communication technologies. These technologies are the forte of the Professional Systems business as well as the Home & Mobile Electronics business. In...

  • Page 20
    ... radio sets and sales of cellular phones. The latter handles infrastructure system solutions, including security cameras and systems and professional audio equipment and facilities, and business solutions, such as professional video cameras and monitors. The communications segment boasts the world...

  • Page 21
    ..., in which radio, image pickup and video technologies are combined, 3D-related systems, such as 3D image processors that convert 2D images into 3D images and 3D projectors as well as ultra-high-resolution image systems, including 4K2K video cameras and 4K2K projectors. JVC KENWOOD Corporation 19

  • Page 22
    ... drivers in the domains of shooting, watching, and listening. The Home & Mobile Electronics business consists of camcorders (video cameras), which are image pickup equipment for shooting; projectors, displays, and such like, which are video equipment for watching; and home audio systems, headphones...

  • Page 23
    ...: -835 Sales composition: 28% Major Products Camcorders Home Audio AV Accessories Projectors Displays technologies, while promoting a fabless structure for displays whose market has matured. In the audio equipment segment, we are concentrating on products in which the JVC and KENWOOD brands can...

  • Page 24
    ... (eLab) in April 2010 to fully make inroads into the world of B-to-B business, a domain different from the core business of music and video software sales. The company engages in new business services through which know-how on marketing and promotion of the Entertainment 22 JVC KENWOOD Corporation

  • Page 25
    ... and Sales of CDs and DVDs (pre-recorded) Distribution of Audio and Other Software business, production of music and video software and turning them into hits are utilized in different industries and business categories. Thus, through the eLab business, Victor Entertainment will aim to develop the...

  • Page 26
    ... as an eco-promoting company active in efforts focused on reducing environmental impact. Environmental Policies To preserve the global environment as well as resources and prevent pollution, we will manage our business activities, our product development, and our services by focusing on ongoing...

  • Page 27
    ...," the JVC KENWOOD Group holds outreach training for elementary and junior high school students, using the educational materials we have created as a specialist in audio and visual production. Every year we roll out activities in cooperation with the City of Yokohamaʼs Environmental Planning Bureau...

  • Page 28
    ... audit sections, as well as improving the internal control system on a Group-wide basis. Corporate Organizations 1. The Board of Directors, which is regarded as an organization that makes fundamental and strategic decisions as well as overseeing business execution, holds regular meetings once...

  • Page 29
    ... Group Companies Entertainment Software Business Group Home & Mobile Electronics Business Group Professional Systems Business Group Car Electronics Business Group Strategic Research & Development Division Global Production & Procurement Division Human Resources Management Division Corporate...

  • Page 30
    ... that securing compliance is the most important issue under the management policy, and provide education on compliance as part of the management education program. 4. Making known to every Group member the internal whistle-blowing system directly accessible from Japan and overseas JVC KENWOOD aims...

  • Page 31
    ... companies, head office functions, production management and procurement functions were integrated into the relevant organizations of JVC KENWOOD. ・JVC KENWOOD revised the internal control assessment manual, focusing on the prevention of falsified recording and such like in financial reports...

  • Page 32
    ... to Assistant to CEO, Responsible for Special Assignments effective November 11, 2011 Haruo Kawahara Deputy President & Executive Officer, General Executive of Strategic Corporate Planning Division, General Executive of Group Management Office* Chief Financial Officer (CFO), General Executive of...

  • Page 33
    ... to COO of Home & Mobile Electronics Business Group (Imaging Business, Projector Business, Overseas Business), General Manager of Projector Division* Toshiaki Matsuzawa Operating Officer of Car Electronics Business Group, General Executive of Technology Development Division Naokazu Kurihara...

  • Page 34
    ... Victor Company of Japan, Limited, Kenwood Corporation, and J&K Car Electronics Corporation May Dec. 2011 Aug. Sep. Oct. â' A gramophone in 1928 â'¡The worldʼs first VHS home video recorder "HR-3300" â'¢JVC LSI Enables High-speed Image Processing in HD Camcorders â'¥Basic Land Mobile Radio...

  • Page 35
    ... digital video camera Introduced EX-A1, compact component system JVC co-developed high-quality audio compression technology "net K2" with Victor Entertainment, Inc. JVC awarded the prestigious IEEE Milestone for the development of VHS video Introduced Everio GZ-HD7, the worldʼs first full HD...

  • Page 36
    ... JVC Logistics Europe N.V. JVC Technical Services Europe Gmbh JVC Technology Centre Europe Gmbh JVC Finance of America JVC Marketing India Private Limited Beijing JVC AV Equipment Co., Ltd. JVC (Beijing) Research & Development Center, Ltd. JVC Purchasing Center (H.K.), Ltd. JVC Electronics Singapore...

  • Page 37
    ...displays Video cameras, displays, projectors Car Electronics, home audio Communications Main Japanese Manufacturing Sites and Affiliated Manufacturing Company Name Yokosuka Business Center Victor Creative Media Co., Ltd. Victor Interior Furniture Co., Ltd. J&K Optical Components Corporation Kenwood...

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    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'¸2011 JVC KENWOOD Corporation JK0003