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JVC KENWOOD Corporation 7
JVC KENWOOD Corporation (JVC KENWOOD) resolved to approve an absorption-type merger (hereinafter the “merger”) of its three
subsidiaries, Victor Company of Japan, Limited (JVC), Kenwood Corporation (Kenwood), and J&K Car Electronics Corporation (J&K Car
Electronics), which are operating companies of the JVC KENWOOD Group as of October 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 reorganized through management integration, as well as the new corporate vision, management
policies and the course of action described below.
The Group will further concentrate management resources on the Car Electronics and the Professional Systems businesses, among
others, where the Groupʼs strengths can be most leveraged. At the same time, the Group will be engaged in pharmaceutical, educational
and ecological products, as well as products for the aging society, safety and security, as part of its foray into new business domains.
With respect to the Home & Mobile Electronics business where competition is fierce, the Group concentrates on sectors where image
and sound technologies can be shared with the Professional Systems business, and where its strengths as a specialty manufacturer can
be most leveraged. Concurrently, the Group will shift its focus from mass markets to niche and professional markets. With regard to the
Entertainment business, the Group is going to expand its business sphere from just music and video packages to comprehensive
entertainment, including music and periphery businesses.
By so doing, the Group will evolve the initial integration vision put up at the time of management integration “Realize the
Unconventional” to the new corporate vision as an integral company after the merger: “Creating excitement and peace of mind for the
people of the world.” Also, the Group is working on the mid-term management plan with its final year to be the fiscal year ending
March 2013 in order to realize profitable growth and early dividend payments.
All rights and obligations that JVC, Kenwood and J&K Car Electronics have will be transferred to the new JVC KENWOOD
Corporation. The new company will succeed and develop each brand, and be responsible for product development, manufacturing,
marketing and after-services. Following the merger, the subsidiaries of JVC, Kenwood and J&K Car Electronics will become subsidiaries of
JVC KENWOOD Corporation as the parent company. Since the corporate names, rights and obligations of these subsidiaries are
unchanged, there will be no change in the relationship of each subsidiary with the parties concerned.
About Merger
Reasons for and Purposes of the Merger
（1）
Reasons for the merger
Special Feature Special Feature