JVC 2012 Annual Report Download

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Table of contents

  • Page 1

  • Page 2
    ... the world. Contents Financial Highlights Overview of the JVCKENWOOD Group Management Message Special Feature: New Mid-term Business Plan Outline of Business Environmental Management and Social Activities Corporate Governance Risk Management Management Team Corporate History Network Corporate Data...

  • Page 3
    ...JVC KENWOOD Corporation and Consolidated Subsidiaries Fiscal Year ended March 31 Financial Highlights （Millions of yen） FYE 3/ʼ10 Net Sales...-1 stock consolidation of its common shares, effective August 1, 2010. ※2. (Net assets - Minority interests) ÷ Total assets JVC KENWOOD Corporation ...

  • Page 4
    ... in Japan, where the Victor brand has been used instead. 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...

  • Page 5
    ...12 Camcorders Home Audio AV Accessories Projectors Displays Entertainment Business 2.2 Entertainment Business 1.2 Net sales Operating income (Billions of yen) 61.0 44.9 0 42.9 36.7 Major Products Planning, Production and Sales of Audio and Video Content including CDs and DVDs Production and...

  • Page 6
    Management Message Creating excitement and peace of mind for the people of the world. President, Representative Director and Chief Executive Officer (CEO) Shoichiro Eguchi 4 JVC KENWOOD Corporation

  • Page 7
    ... customers by continuously introducing products and services that are one step ahead of our competitors. Nearly five years have passed since July 2007, when the former Victor Company of Japan, Limited and the former Kenwood Corporation formed a capital and business alliance with a view to management...

  • Page 8
    ... as well as promote systematic steps for business continuity. I would like to take this opportunity to ask for your continued understanding and support. July 2012 4) Establishing global brand much sought after by customers To increase awareness and the value of the Groupʼs brand around the world...

  • Page 9
    ... 50% Company-wide net profit margin 0% CE: Car Electronics business PS: Professional Systems business HM: Home & Mobile Electronics business SE: Entertainment business HM 44% 24% 11% FYE 3/'10 FYE 3/'11 FYE 3/'12 19% 10% FYE 3/'16 (Target) SE 0% 11% FYE 3/'09 -10% JVC KENWOOD Corporation 7

  • Page 10
    ...new value domains Smart safety field Radio base station AV accessory Cameras compatible with networks Audio systems in combination with smartphones High-resolution projectors Innovative products High-resolution music software; distribution of music Mobile phone base station Mobile phone networks...

  • Page 11
    ..., and radio communications. Slated for development is a system that combines a land mobile radio with a security camera, as well as security products connected to smartphones. * Smart safety field b. Expanding businesses in emerging markets Launched in September 2012 as a company-wide organization...

  • Page 12
    ... well as the sales subsidiaries of the former Victor and the former Kenwood in North America, Europe, and Asia. The four business groups and a company-wide task force will promote innovation of the consolidated value chain - consisting of ʼ12 ʼ1 （ ） ʼ12 production/procurement, sales/marketing...

  • Page 13
    ... Saisoku-Navi products and sales network * Boost after-market sales by making use of DENSO Groupʼs sales network * Enhance and globally expand car electronics compatible with MirrorLinkTM, and collaborate with Garmin Ltd. * Enhance display audio systems linked with smartphones, targeting overseas...

  • Page 14
    ... uses original technologies to convert 2D images into 3D images * Increase sales of 4K systems, centered on 4K video cameras c. Enhance "smart safety field" * Develop and introduce solutions based on systems that merge professional radio systems and security cameras 12 JVC KENWOOD Corporation

  • Page 15
    ...accessory product range and expand into emerging markets * Strengthen horizontal expansion of product lineups using highly functional products, including hybrid cameras, and proposal-based products such as cameras that are compatible with networks and furniture audio systems * Strengthen development...

  • Page 16
    ... Audio System Full HD Memory Camcorder Equipped with Wi-Fi Technology Full HD Memory Camcorder Solar Mobile Battery for Smart Phone Charge Wood Cone DVD Compact Component System for Network Compact HiFi System with Bluetooth® streaming 4K E-shift2 D-ILA Projector 14 JVC KENWOOD Corporation

  • Page 17
    ... HF Transceiver) Digital Land Mobile Radio VoIP Radio Dispatch System License-free Transceiver Professional Video Camera Recorder Security Video Camera Emergency Broadcasting Equipment Professional 3D LCD Monitor Entertainment Business Production of CD, DVD, BD JVC KENWOOD Corporation 15

  • Page 18
    ... -2.6 4.1 FYE 3/'09 FYE 10 3/'10 FYE 11 3/'11 FYE 12 3/'12 Major Products Chief Operating Officer (COO), Car Electronics Business Group Car Audio Car AV Systems Car Navigation Systems 11 for Car-mounted 12 CD and DVD10 Mechanism Equipment Toshiaki Matsuzawa 16 JVC KENWOOD Corporation

  • Page 19
    ... we will expand the product mix of the Car Electronics business, which is centered on head units, speakers, and amplifiers, to automotive network products and services by interfacing with head-up displays, cameras, and external servers as well as external mobile devices. JVC KENWOOD Corporation 17

  • Page 20
    ...09 -1.3 FYE 10 3/'10 FYE 11 3/'11 FYE 12 3/'12 Major Products Chief Operating Officer (COO), Professional Systems Business Group Land Mobile Radio Equipment Video Surveillance Equipment Audio Equipment Video Equipment 10 11 Display Equipment 12 Kazuhiro Aigami 18 JVC KENWOOD Corporation

  • Page 21
    ... development and sale of digital land mobile radio equipment and systems compatible with the worldʼs various digital radio formats. The business solutions segment provides highly reliable, professional-use video and audio equipment in such markets as electrical facilities, education and the public...

  • Page 22
    ... income -3.9 141.8 100.1 -10.8 77.5 FYE 3/'09 FYE 10 3/'10 FYE 11 3/'11 FYE 12 3/'12 Major Products Chief Operating Officer (COO), Home & Mobile Electronics Business Group Camcorders Home Audio AV Accessories Projectors 10 Displays 11 12 Naokazu Kurihara 20 JVC KENWOOD Corporation

  • Page 23
    ... business. The Home & Mobile Electronics business consists of image pickup equipment such as camcorders; video equipment, including projectors and displays; and audio equipment, encompassing such products as home audio systems and headphones. Market maturation and the advance of digitization...

  • Page 24
    ...10 3/'10 FYE 11 3/'11 FYE 12 3/'12 Major Products Chief Operating Officer (COO), Entertainment Software Business Group Planning, Production and Sales of Audio and Video Content including CDs and DVDs Production and Sales of CDs and DVDs (pre-recorded) Masaaki Saito 22 JVC KENWOOD Corporation

  • Page 25
    ...the corporate and brand images by promoting content created in the business; and (iii) a space production business for office buildings and retail premises. The company engages in new business services through which expertise in Entertainment business marketing and promotion, as well as in music and...

  • Page 26
    ... society 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 to prevent pollution, we will manage our business activities, product development, and services by focusing on ongoing...

  • Page 27
    ... locations were reported at a presentation. Biotope Dragonfly Pond (Head Office & Yokohama Business Center) The Biotope Dragonfly Pond has been operated since 2003 as part of the Yokohama Citysponsored Keihin Forest Creation project. Relationships with Local Communities The JVCKENWOOD Group...

  • Page 28
    ... internal control system on a Group-wide basis by separating management functions from the execution of operations, recruited external directors and Audit & Supervisory Board Members, and enhanced monitoring functions by establishing an internal audit section. Corporate Organizations 1. The Company...

  • Page 29
    ...Operating Officer (COO) Chief Operating Officer (COO) Chief Operating Officer (COO) Chief Operating Officer (COO) Software Entertainment Business Group Home & Mobile Business Group Professional Systems Business Group Car Electronics Business Group Group Companies JVC KENWOOD Corporation 27

  • Page 30
    ... Board Members Audit Systems JVCKENWOODʼs Corporate Audit Office conducts internal audits on the overall business execution of the entire Group and reports the results of those audits to the oversight organization, the Board of Directors. Conducting the integrated monitoring of internal control...

  • Page 31
    ... of the JVCKENWOOD Group. Development & Design Human Resources CS Car Electronics Business Group Professional Systems Business Group Home & Mobile Electronics Business Group Entertainment Software Business Group Corporate Staff, Head Office Affiliates Business Continuity Plan (BCP) An increasing...

  • Page 32
    ... CRO, Emerging Market Planning Division, CVC Taskforce, Chief Operating Officer (COO) of Home & Mobile Electronics Business Group Masaki Imai Senior Vice President & Executive Officer, General Executive of Human Resources Management Division, President of J&K Partners Corporation *Kazuhiro Aigami...

  • Page 33
    ... of AV Communications Operation, Sound & Acoustic Division, Emerging Market Planning Division, President of Kenwood Home Electronics Corporation Shigenori Abe Masatoshi Miyamoto Professional Systems Business Group Chief Operating Officer (COO) of Professional Systems Business Group Entertainment...

  • Page 34
    ... 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 2012 Apr. JVCKENWOOD acquired a total of 45.0% of the outstanding shares of Shinwa International Holdings...

  • Page 35
    ... 1927 Victor Talking Machine Company of Japan, Limited, established (Photoâ' ) 1939 Produced Japanʼs first TV receiver 1956 Developed 45/45 stereo record format 1963 Introduced KV-200, the worldʼs smallest 2-head professional VCR 1976 Introduced HR-3300, the worldʼs first VHS home video recorder...

  • Page 36
    ... Company Name JVC Logistics Europe N.V. Beijing JVC AV Equipment Co., Ltd. JVC Purchasing Center (H.K.), Ltd. JVC Electronics Singapore Pte. Ltd. Zetron, Inc. AltaSens, Inc. Shinwa International Holdings Limited Location Belgium China China Singapore U.S.A. U.S.A. China 34 JVC KENWOOD Corporation

  • Page 37
    ...Main R&D Products Video cameras, displays Video cameras, displays, projectors Car Electronics, home audio Communications Main Japanese Manufacturing Sites and Affiliated Manufacturing Company Name Head Office & Yokohama Business Center Yokosuka Business Center Victor Creative Media Co., Ltd. Victor...

  • Page 38
    Corporate Data 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 shares and ...

  • Page 39

  • Page 40
    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'¸2012 JVC KENWOOD Corporation JK0007