Kenwood 2005 Annual Report Download - page 21

Dec. 1946
Jun. 1949
Jan. 1950
Feb. 1955
Jan. 1960
Sep. 1962
Aug.1963
Dec. 1963
Jan. 1966
Oct. 1969
Feb. 1978
Jun. 1979
Jun. 1980
Dec. 1980
Jul. 1981
Oct. 1982
Apr. 1983
Jun. 1986
Jun. 1986
Feb. 1989
Aug.1989
Jun. 1990
Mar. 1991
Oct. 1991
Mar. 1992
Dec. 1993
Jun. 1994
Jul. 1995
Jan. 1996
Sep. 1996
Jun. 1997
Dec. 1997
Mar. 1998
Jan. 1999
Mar. 2001
Sep. 2001
Feb. 2002
May 2002
Jun. 2002
Jul. 2002
Aug.2002
Oct. 2002
Dec. 2002
Jan. 2003
Feb. 2003
May 2003
May 2003
Aug.2003
Apr. 2004
Apr. 2004
May 2004
Aug.2004
Mar. 2005
Mar. 2005
Mar. 2005
May 2005
Jun. 2005
Aug.2005
Establishes Kasuga Radio Co., Ltd. (predecessor of Kenwood
Corporation) in Komagane, Nagano prefecture
High-frequency transformer passes the NHK (Japan Broadcasting
Corporation) approval certificate for the first time in Japan
Renamed Kasuga Radio Industry Corporation
Establishes the Tokyo office in Ota-ku, Tokyo, and begins mass
production of audio, communications and measuring equipment
Renamed Trio Electronics, Inc.
Launches the industry’s first transistor amplifier
Establishes the Hachioji Business Center in Hachioji, Tokyo
Sets up a sales firm in the U.S., and begins full-scale overseas
operations
Fully transistorizes audio products for the first time in the industry
Lists on the first section of the Tokyo Stock Exchange
Begins selling commercial wireless radio equipment in Japan
Sets up the Company’s first overseas production firm in
Singapore. Starts manufacturing abroad
Enters the car audio field
Launches Corporate Identity activities, and determines Kenwood
as the corporate brand
Sets up production subsidiary Tohoku Trio (present Kenwood
Yamagata Corp.) in Tsuruoka, Yamagata Prefecture
Enters the general audio field
Begins selling commercial wireless radio equipment in the U.S.
Renamed Kenwood Corporation
Becomes the primary sponsor for “Kenwood Cup,” one of the
world’s four biggest yacht races
Enters the mobile satellite communications equipment business
Establishes the Yokohama Business Center in Midori-ku,
Yokohama, Kanagawa Prefecture (closes the Tokyo office)
Sets up production subsidiary Kenwood Nagano Corporation in
Ina, Nagano Prefecture
Begins selling license-free transceivers
Signs an official supply contract with McLaren to provide wireless
radio equipment for the F1 world auto-racing championship
Enters the car navigation system field
Develops one of the industry’s highest-level voice recognition ICs
Sets up production joint venture Shanghai Kenwood Electronics
Co., Ltd. in Shanghai, China
Mounts amateur radio equipment on Russian space station Mir
Establishes one of the Company’s largest manufacturing plants in
Malaysia
Changes the subsidiary name from Trio-Kenwood to Kenwood,
coinciding with the Company’s 50th anniversary
Becomes Japan’s first manufacturer to launch car-mounted DAB
receivers
Enters the field of wireless radio systems for promoting the
regional economy
Sells the premium model “Silver Signature” of “K’s Esule” by
taking orders
Jointly develops the world’s first mobile digital broadcast
receiving system
Announces the “Mid-term Reconstruction Plan”
Issues new shares worth a total of 7.1 billion yen through a third-
party allocation
Develops a network interface module (NIM) for digital broadcasts
via a communications satellite (CS)
Sells shares in Kenwood TMI Corporation (withdraws from the
test and measuring equipment business)
Relocates the head office to Hachioji, Tokyo
Announces the “Revitalization Action Plan” in response to the
company’s net worth becoming negative in the fiscal year
through March 2002
Begins selling commercial digital wireless radio equipment in the
U.S.
Issues new shares worth a total of 2.0 billion yen through a third-
party allocation
Eliminates negative net worth through a debt-for-equity swap
amounting to 25.0 billion yen
Ties up with Advanced Telecommunications Research Institute
International to apply voice synthesis technology to car-mounted
equipment
Launches “Production Innovation” activities
Posts a record net income in the fiscal year through March 2003
Announces the first mid-term business plan “Excellent Kenwood
Plan”
Makes production joint venture Shanghai Kenwood Electronics
Co., Ltd. into a wholly-owned subsidiary
Signs an agreement with Toyo Communication Equipment Co.,
Ltd. to acquire its radio equipment operations
Jointly sets up the music distribution service firm Any Music Inc.
Posts a record net income for the second consecutive year in the
fiscal year through March 2004
Completes the “New Financial Strategy”, and entirely eliminates
cumulative loss, retires the first tranche class-A preferred stock,
terminates financial agreements, and substantially reduces
interest-bearing debts
Launches proprietarily-developed car navigation systems in the
consumer market
Forms a technical and capital alliance with Icom Inc. to jointly
research the standardization of technical specifications for digital
wireless radio equipment
Kenwood Nagano Corp. acquires certification to “ISO/TS
16949,” the international standard for quality management
specific to the automotive industry
Formulates the second mid-term business plan “Value Creation
Plan”
Launches the Company’s first portable HDD player
Finishes redeeming the first tranche class-B preferred stock,
resulting in the complete redemption of all preferred stocks
Company history
Established
Paid-in Capital
Number of
Employees
Address
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Show Room฀
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Japanese sales
offices
December 21, 1946
¥14.9 Billion (As of March 31, 2005)
¥26.1 Billion (As of June 30, 2005)
¥11.1 Billion (As of August 8, 2005)
Consolidated 4,335
Non-Consolidated 1,600
(As of March 31, 2005)
Head Office / Hachioji Business Center
2967-3, Ishikawa-machi, Hachioji-shi, Tokyo,
192-8525 Japan
Phone: [phone]
Fax : [phone]
URL : http://www.kenwood.com/
Yokohama Business Center
1-16-2, Hakusan, Midori-ku, Yokohama-shi,
Kanagawa, 226-8525 Japan
Phone: [phone]
Fax : [phone]
Kenwood Square Marunouchi
Shin-Kokusai Building, 3-4-1, Marunouchi ,
Chiyoda-ku, Tokyo,
100-0005 Japan
Phone: [phone]
17sales offices and 24bases
(As of March 31, 2005)
21
Corporate Data
Kenwood Corporation Annual Report 2005