Kenwood 2006 Annual Report Download - page 21

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
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May. 2003
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Mar. 2005
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Jun. 2005
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Feb. 2006
Apr. 2006
Enters the car navigation system field (Photo⑩)
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. (Photo⑪)
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
stocks, terminates financial agreements, and substantially reduces interest-bearing debts
Launches self developed car navigation systems in the consumer market (Photo⑫)
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 audio player (Photo⑬)
Finishes redemption of the first tranche class-B preferred stock, resulting in the complete redemption of all preferred stocks
Completes construction of new building at the Shanghai Plant
Kenwood Design Corp. starts industry-university joint research cooperation with Tama Art University
Completes test course with various road surfaces at Nagano Plant
Releases self development AV integrated car navigation system for the first time in the Company (Photo⑭)
Shanghai and Malaysia factories receive ISO/TS16949: 2002 certification for automotive quality management system
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Kenwood Corporation 21
Annual Report 2006