JVC 2012 Annual Report Download - page 34

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 of a total of 35 billion yen 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. (JVCKENWOOD) through a
stock transfer (JVCKENWOODʼs 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 JVCKENWOOD), and to those of JVCKENWOOD 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 mid-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
2012 Apr. JVCKENWOOD acquired a total of 45.0% of the outstanding shares of Shinwa International Holdings Limited, a large-
scale Hong Kong-based manufacturer and sellers of CD/DVD mechanisms for car AV equipment (in-car CD/DVD
mechanism), making it into an equity-method company
Jun. Distributed dividends (¥5/share) for the first time since the inauguration of the Group
Sep. Completion of development of first-generation in-vehicle head-up display and start of shipments of the display to a
specific sales route through a company promoting car robotics
32 JVC KENWOOD Corporation
Corporate History
JVC KENWOOD Corporation