JVC 2013 Annual Report Download

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2013

Table of contents

  • Page 1
    2013

  • Page 2
    ... Group Financial Highlights Management Message Management Policy and Business Strategy Outline of Business Research and Development Activities Brand Strategy 1 2 3 4 7 12 22 24 Environment and Social Activities Corporate Governance Risk Management Management Team Corporate History Network Corporate...

  • Page 3
    ..., Home Audio, AV Accessories, Projectors, Displays, Optical Pickups for Car-mounted Equipment Planning, Production and Sales of Audio and Video Content including CDs and DVDs, Production and Sales of CDs and DVDs (prerecorded) ＊ The Company shifted to a new segment system on June 25, 2013...

  • Page 4
    ...that is widely trusted by society. Sales Composition for FYE 3/'13 Corporate Brand Car Electronics (33%) Professional Systems （30%） Product/Business Brand Optical & Audio （22%） Entertainment Software （13%） Others ＊ The Company shifted to a new segment system on June 25, 2013. The...

  • Page 5
    ... Financial Highlights JVC KENWOOD Corporation and Consolidated Subsidiaries Fiscal Year ended March 31 Net sales Operating income Total ...debt Net debt Cash ï¬,ows from operating activities Cash ï¬,ows from investing activities Cash ï¬,ows from financing activities Number of employees 260,664 52,740...

  • Page 6
    Management Message JVCKENWOOD is committed to "Re Design" ― re-designing the lifestyles of people around the world President, Representative Director and Chief Executive Officer (CEO) Shoichiro Eguchi 4 JVC KENWOOD Corporation

  • Page 7
    ... Systems Business group and the Home & Mobile Electronics Business group, into the newly established Optical & Audio Segment. Through the centralization of management resources, the Group aims to increase efficiency and accelerate the shift from consumer-use AV equipment to professional-use radio...

  • Page 8
    ...to promote "Profitable Growth" and attain highly transparent and reliable management. To this end, through the 5th Ordinary General Meeting of Shareholders held on June 25, 2013, we have established a new business execution system led by active members of the Board of Directors, who are supported by...

  • Page 9
    ... 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 networks Music and video software Radio system in...

  • Page 10
    ... (Camcorder Segment) ・Image & Optical Device Business (Projector Segment, Optical 2) Professional Systems Segment (Former Professional Systems Business) 3) Optical & Audio Segment (Former Home & Mobile Electronics Business) Pickups for Car-mounted Equipment Segment) 4) Entertainment Software...

  • Page 11
    ... solution business through partnerships ・ Increase sales of professional video cameras and security cameras â...±) Consumer Business (Car Electronics Segment) ・ Enhance marketability of flash memory type car navigation systems for the domestic market, expand sales ・ Expand the line-up of display...

  • Page 12
    ... import costs. Regional Production Composition (FYE 3/'13) Europe （1%） Japan （9%） 1) Reduction in foreign exchange fluctuation risks relating to operating income and loss Regional Sales Composition (FYE 3/'13) Asia & others （12%） Europe （14%） Japan （45%） Asia (including China...

  • Page 13
    ...Company-wide task forces. The aim is to increase the value added of the operating processes of each business segment and eventually raise the entire Groupʼs corporate value. As a result, we will innovate the consolidated value chain, which consists of production and procurement, sales and marketing...

  • Page 14
    ... Design Audio System Full HD Memory Camcorder Equipped with Wi-Fi Technology 4K E-shift 2 D-ILA Projector Solar Mobile Battery for Smartphone Charge Wood Cone DVD Compact Component System for Network Compact HiFi System with Bluetooth® Streaming Optical Pickups 12 JVC KENWOOD Corporation

  • Page 15
    ...Systems Segment (Business sales ratio: 30%) Digital Land Mobile Radio "NEXEDGE®" VoIP Radio Dispatch System Amateur Radio License-free Transceiver Professional Video Camera Recorder Security Video Camera Emergency Broadcasting Equipment Medical Image Display Systems Entertainment Software...

  • Page 16
    Car Electronics Segment The JVCKENWOOD Group will strengthen its OEM Business and aim ahead to commercialize new growth business domains. As a part of these efforts, the Group will shift from the after-market to the original product market. 14 JVC KENWOOD Corporation

  • Page 17
    ... Net sales 4.1 Operating income FYE 3/'10 FYE 3/'11 FYE 3/'12 â- Major Products FYE 3/'13 Car Audio, Car AV Systems, Car Navigation Systems, CD and DVD Mechanism for Car-mounted Equipment 91.4 3.6 3.1 4.0 92.5 93.5 91.8 Car electronics, a business domain in which Japanese corporations can...

  • Page 18
    Professional Systems Segment In order to provide radio, image pickup, video, and acoustic technologies to professionals, we will develop systems that offer excitement and peace of mind to people across the world. 16 JVC KENWOOD Corporation

  • Page 19
    ... deals with land mobile radio and its systems, license-free transceivers, amateur radio sets, and sales of cellular FYE FYE phones. The latter business handles security cameras and systems, 3/'10 3/'11 professional audio equipment and facilities, professional video cameras, and professional monitors...

  • Page 20
    Optical & Audio Segment With its sights focused on shifting the core of its growth from the Consumer Business to the Professional Systems Business, the JVCKENWOOD Group has enhanced its competitiveness by integrating its development and production resources. 18 JVC KENWOOD Corporation

  • Page 21
    ... had been allotting its development and production resources related to optical devices -1.7 and audio systems to the Home & Mobile Electronics Business for consumer electronics and the Professional Systems Business for professionalFYE FYE use system products. Meanwhile, the Group saw the necessity...

  • Page 22
    Entertainment Software Segment We will expand activities in an effort to become a total entertainment business and promote the expansion of the Original Equipment Manufacturer (OEM) Business. 20 JVC KENWOOD Corporation

  • Page 23
    ... the Entertainment Software Business marketing and promotion, as well as in music and video content production, are turned into hits and utilized in different industries and business categories. In December 2012, Victor Entertainment launched Space Sound Design Solution "KooNeâ„¢," which uses a high...

  • Page 24
    ... audio market. To that end, it will continue to enhance connectivity with smartphones that have gained worldwide popularity, and maximize functions and convenience specific to display audio systems, including car navigation and the display of rear-view camera images. 22 JVC KENWOOD Corporation

  • Page 25
    ... sales systems employing innovative new manufacturing from the perspectives of emerging countries. With regard to land mobile radio equipment, one of its mainstay products, JVCKENWOOD conducted a thorough field study on lifestyles and the environment in which radio equipment is used in India...

  • Page 26
    ...its sound quality and technical expertise in the fields of audio equipment, car electronics, and radio systems. Victor Entertainment, Inc. is a total entertainment company that operates in fields ranging from music and video software and its peripheral businesses to the business-to-business segment...

  • Page 27
    ... Group's core businesses, as well as an information communication base for conducting community-based event activities. A large electronic billboard located in Times Square in New York serves as a JVCKENWOOD's information communication base for introducing its businesses. JVC KENWOOD Corporation...

  • Page 28
    ... consumption in both use products (disassembly, resource conservation, and more) ・Encourage switching to safe substitutes â-Reduce and recycle waste production and business bases ・Zero waste emissions at global manufacturing sites â-Company-wide promotion of â-Development of elemental...

  • Page 29
    ...of the internal circuit, and changing the amplifier for driving built-in speakers to a class-D amplifier that consumes little current. By installing an "eco mode," a function to control power consumption, in our license-free transceivers, we also achieved an extended operation of about 72 hours with...

  • Page 30
    ...the theme of "Feeling the Earth"The JVCKENWOOD Group is developing products and services that provide customers with excitement and peace of mind, the creating of which was adopted as our corporate vision, by making the most of the video and audio elemental technologies it has cultivated. It is also...

  • Page 31
    ...AV equipment In collaboration with Masumi Sakoma, an aroma touch lead practitioner of the International Federation of Aromatherapists (IFA) in the U.K., which aims to support persons with disabilities, we visited the Hachioji Life Practice Center of Musashinokai, a social welfare service corporation...

  • Page 32
    ...) and others under the direction of the CEO. Since June 25, 2013, ten Operating Officers have built business execution teams and a management system to accomplish important corporate tasks under the direction of the CEO and Executive Officers. Corporate Organizations 30 JVC KENWOOD Corporation

  • Page 33
    ... Committee Information Disclosure Council PL Board Environment Board Entertainment Software Segment Optical & Audio Segment Professional Systems Segment Car Electronics Segment Professional Business Support Division Corporate Division JVCKENWOOD Group Companies JVC KENWOOD Corporation 31

  • Page 34
    ... Audit, Auditors' Audit and Accounting Audit Systems JVCKENWOOD has established the Corporate Audit Office to conduct extensive field audits, including those of related companies of the Group, and to uniformly monitor the status of internal control. Under this structure, JVCKENWOOD is able to...

  • Page 35
    ... IT Production Sales Logistics Finance General Affairs Public Relations Development & Design Human Resources Car Electronics Segment Professional Systems Segment Optical & Audio Segment Entertainment Software Segment CS Professional Business Support Division Corporate Division, Head Office...

  • Page 36
    ... Division Akira Suzuki Senior Vice President & Executive Officer (responsible for Infrastructure Technologies), General Executive of Communications Equipment Division, Assistant to CIO, Emerging Market Planning Division ＊ Concurrently serving as Director of the Board. 34 JVC KENWOOD Corporation

  • Page 37
    ...Optical Component Operation, Image & Optical Device Division, President of JVCKENWOOD Optical Components Corporation, Emerging Market Planning Division Junji Kobayashi Operating Officer, President of JVC Americas Corp., Business Executive of Optical & Audio Segment, JVCKENWOOD AMERICAS Headquarters...

  • Page 38
    ...mass-production model of the professional-use D-ILA projector, which features an 8K high-definition display (Photo â'¢) class models that carry on the tradition of KENWOOD flagship radios (Photo â'¡) Jun. The JVCKENWOOD Group converted Shinwa International Holdings Limited, the largest manufacturer...

  • Page 39
    ... 2009 2010 2011 Victor Talking Machine Company of Japan, Limited, established (Photo â'£) Produced Japanʼs first TV receiver Developed 45/45 stereo record format Introduced KV-200, the worldʼs smallest 2-head professional VCR Introduced HR-3300, the worldʼs first VHS home video recorder (Photo...

  • Page 40
    ... Kong) Ltd. Kenwood Electronics Trading (Shanghai) Co., Ltd. Location China China China Other Main Global Affiliated Company Americas: Affiliated Sales Company Company Name JVC Americas Corp. Kenwood U.S.A. Corp. JVC Canada Inc. JVC Professional Products Canada Inc. Kenwood Electronics Canada Inc...

  • Page 41
    ..., Kanagawa 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...

  • Page 42
    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, Optical & Audio Business and Entertainment Software Business and owning shares and ...

  • Page 43

  • Page 44
    3-12, Moriyacho, Kanagawa-ku, Yokohama-shi Kanagawa, 221-0022, Japan For further information, please contact: Public and Investor Relations Dept., Corporate Strategy Div. Tel: +81-(0)45-444-5232 Fax: +81-(0)45-444-5239 E-mail: [email protected] â'¸2013 JVC KENWOOD Corporation JK0007