JVC 2011 Annual Report Download - page 34

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JVC KENWOOD Corporation
32
JVC KENWOOD Corporation
2007 Jul. Victor Company of Japan, Limited (JVC) and Kenwood Corporation (Kenwood) entered into an agreement on a capital and business
alliance to cooperate in their car electronics and home audio businesses and integrate their management
Aug. JVC increased its capital through a third-party allocation of new shares to Kenwood and multiple investment funds managed by SPARX
International (Hong Kong), Ltd.
Oct. JVC and Kenwood established the technology development joint venture J&K Technologies Corp. (J&K Technologies)
2008 May JVC and Kenwood agreed to and signed an agreement to integrate their management through the establishment of a joint holding
company (stock transfer)
Oct. JVC and Kenwood established the joint holding company JVC KENWOOD Holdings, Inc. (JVC KENWOOD) through a stock transfer
(JVC KENWOODʼs shares were listed on the First Section of the Tokyo Stock Exchange)
Oct. Development and production functions of the car electronics business of JVC and Kenwood were taken over by J&K Technologies
through a company split (simplified absorption-type split)
Dec. Product planning and marketing functions for Kenwoodʼs home electronics business were taken over by the newly established
Kenwood Home Electronics Corporation through a company split (simplified absorption-type split)
2009 Jun. J&K Technologies renamed J&K Car Electronics Corporation (J&K Car Electronics), making J&K Car Electronics a virtually independent
company engaged in the car electronics business
Jul. Functions in Japan and abroad, such as planning, technologies, marketing, quality assurance, and production, with the exception of
sales, for the home audio business of JVC and Kenwood were integrated into JVC in July
2010 Mar. Implemented adjustments to earnings results of JVC for the period between the fiscal year ended March 31, 2005 and the second
quarter of the fiscal year ended March 31, 2010 (including consolidated financial statements as a consolidated subsidiary of
JVC KENWOOD), and to those of JVC KENWOOD for the period from its establishment on October 1, 2008 to the second quarter of
the fiscal year ended March 31, 2010
May Put in place a medium-term management plan to promote renewed growth
Dec. Undertook steps to relocate the Companyʼs head office and realign business divisions to promote Group management integration,
enhance operating efficiency and maximize integration effects
2011 Aug. JVC KENWOOD Holdings, Inc. changed its name to JVC KENWOOD Corporation
Sep. Formulation of New Mid-term Business Plan
Oct. JVC KENWOOD Corporation completed an absorption-type merger of its three subsidiaries Victor Company of Japan, Limited,
Kenwood Corporation, and J&K Car Electronics Corporation
①A gramophone in 1928 ② The worldʼs first VHS home video recorder
“HR-3300”
⑤Land Mobile Radio launched in the U.S.
③ JVC LSI Enables High-speed Image
Processing in HD Camcorders
⑥ Basic Land Mobile Radio
equipment for emerging
markets
④FM Tuners
Corporate History