Kenwood 2006 Annual Report Download

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ANNUAL REPORT 2006
For the year ended March 2006

Table of contents

  • Page 1
    ANNUAL REPORT 2006 For the year ended March 2006

  • Page 2
    ... of Kenwood Three Core Businesses Major Accomplishments of Consolidated Accounts for the Fiscal Year Ended March 2006 Management Policy for the Fiscal Year Ending March 2007 Implementation Status of Corporate Governance Management Structure Corporate Data / Company History The Kenwood Group 03...

  • Page 3
    ...Principle Cultivate original thinking and execute with pride, passion and precision The heritage, strength and future aspiration of the Kenwood brand are reflected in the values we share. We must ensure that every aspects of our corporate activity, from product development through customer relations...

  • Page 4
    ... on core businesses take hold Kenwood Corporation has expanded its businesses based on its core competences of "sound" and "wireless radio communications" ever since its foundation. The strong performance in the car electronics and wireless radio equipment businesses enabled the Company to keep...

  • Page 5
    ... Consumer (Multimedia) businesses to them, promote structural reform of the Home Electronics business by taking the spread of digital media and the advance of digital and network environment as a new business opportunity, and create a new "seamless sound entertainment" that links home audio and car...

  • Page 6
    ... to include home-use and car-mounted audio systems as well as commercial radio equipment businesses. Its business areas have also expanded into North America, Europe, Asia, particularly China, East Europe, particularly Russia, Latin America and the Middle East. During the period when the Company was...

  • Page 7
    ... at 19 nations Head Office / Hachioji Business Center Yokohama Business Center Yamagata Factory Nagano Factory Offices Factories Sales France Factory Malaysia Factory Singapore Factory Shanghai Factory Consolidated net sales composition by geographic area Japan Europe Americas Asia, others...

  • Page 8
    ... development capability based on technology for high sound quality. In this way, the Company has built a high brand presence across the world. In the consumer audio business, the Company is now expanding its product lineups to consolidate its global presence by using the latest digital network...

  • Page 9
    ... wireless radio equipment business. Since our commercialization of a high-class FM tuner using advanced high-frequency technology and honored as the world's best, Kenwood has expanded the business under the concept of "high fidelity" and expanded its presence as an audio system manufacturer around...

  • Page 10
    ... high quality sound in February 2006. In addition, the Company introduced new concept products, which integrates the core portion of portable navigation systems and car multimedia systems, to overseas markets, and promoted its growth strategy for car navigation systems both domestically and globally...

  • Page 11
    ... in the demand for high-class audio products, and promoted new product strategies utilizing its high quality sound technologies and the proliferation of digital media content, in order to enhance the Japanese pure audio and portable audio businesses. However, this business was not able to make...

  • Page 12
    Major Accomplishments of Consolidated Accounts for the Fiscal Year Ended March 2006 Completing Reforms of Financial Base and Capital Structure Completed the final stage of reforms on financial and capital structures that started in fiscal year ended March 2003 by fully redeeming preferred stocks ...

  • Page 13
    ... Product Design Capability in Company's Three Major Locations in the World The Kenwood Group has established design offices in Los Angeles and Paris, and started design and development activities in three major locations for the purpose of creating product design value that can provide customers...

  • Page 14
    ....3 navigation system, development and application of mobile multimedia tuners for ground-wave digital broadcasting, satellite digital broadcasting, construction of the "Seamless Entertainment World" for digital media integrating car electronics and home electronics that the Kenwood Group proposed...

  • Page 15
    .... New Organization System (as of April 1, 2006) Consumer Business Sector Car Electronics Consumer Div. Car Electronics Multimedia Div. Home Electronics Div. Speaker System Div. Car Electronics OEM Sector Cost Center Speaker System Div. Consumer Business Development Center Communications Equipment...

  • Page 16
    ... market in Car Electronics Business New Strategic Alliance in Communications Equipment Business Kenwood Corp. Enhancing research on digital wireless methods and development of digital wireless radio equipment and network systems HD Radio Tuner USB-capable car audio Icom Inc. Car Navigation...

  • Page 17
    .... High value-added models ''Sound Meister Edition'' in Home Electronics Business The 60th Anniversary Mark High-quality sound, pure audio system "Kseries" High-quality sound, portable HDD audio player "Media Keg" Front Surround Home Theater Systems Kenwood Corporation Annual Report 2006 17

  • Page 18
    ... Consumer Div. Car Electronics Multimedia Div. Home Electronics Div. Speaker System Div. E-Business Management Dpt. Consumer Business Management Operation Sound Quality Car Electronics Research Office OEM Div. Device Business Communications Div. Equipment Div. Corporate Divisions Kenwood...

  • Page 19
    ...Electronics Europe B.V. President of Kenwood Electronics France S.A. Senior Vice President & Executive Officer Makoto Inukai Assistant to CEO; Marketing and Product Strategy, Consumer Business Sector (As of 29, June, 2006) Kazuhiro Kitahara Makoto Inukai Kenwood Corporation Annual Report 2006...

  • Page 20
    ... first time in the industry Oct. 1969 Lists on the first section of the Tokyo Stock Exchange Feb. 1978 Begins selling commercial wireless radio equipment in Japan Jun. 1979 Sets up the Company's first overseas production firm in Singapore. Starts manufacturing abroad Jun. 1980 Enters the car audio...

  • Page 21
    ...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...

  • Page 22
    ..., Johor, Malaysia Phone: 60 7 2371261 FAX: 60 7 2371297 Shanghai Kenwood Electronics Co. Ltd. (Shanghai Factory) No. 60 Rongle East Road, Songjiang Shanghai China Postal Code 201613 Phone: 86 21 57741800 FAX: 86 21 57742822 North America Kenwood U.S.A. Corporation California Headquarters P.O. Box...

  • Page 23
    ..., China Postal Code 100004 Phone: 86 10 65908280 FAX: 86 10 65908283 Guangzhou Office Room 909, East, Time Square, No.28 Tianhe North Road, Guangzhou. China Postal Code 510620 Phone: 86 20 38910215 FAX: 86 20 87520325 Kenwood Website http://www.kenwood.com/ Kenwood Corporation Annual Report 2006...

  • Page 24
    2967-3, Ishikawa-machi, Hachioji-shi, Tokyo, 192-8525 Japan Phone: 81 (42) 646-6724 FAX: 81 (42) 646-1440 URL http://www.kenwood.com/ Kenwood is an Official Supplier of radio communication systems to Team McLaren Mercedes.