Kenwood 2007 Annual Report Download

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Annual Report 2007
For the year ended March 2007

Table of contents

  • Page 1
    Annual Report 2007 For the year ended March 2007

  • Page 2
    Contents Corporate Data / Financial Highlights To Our Stakeholders Outline of Kenwood Outline of Businesses Major Achievements for the Fiscal Year Ended March 2007 Management Policy for the Fiscal Year Ending March 2008 Corporate Governance Management Team Company History Kenwood Group 04 06 08 10 ...

  • Page 3
    ... life. Kenwood has always connected with people through sound. Now we want to expand the world of sound In ways that only Kenwood can, listening to our customers and to the pulse of the coming age as we head to toward a future of shared discovery, inspiration and enjoyment. Annual Report 2007 03

  • Page 4
    ...) Company Established Kenwood Corporation December 21, 1946 Car Electronics Business Paid-in Capital ¥11.1 Billion Number of Employees Address Consolidated 4,483 Non-Consolidated 1,588 •Head Office / Hachioji Business Center 2967-3, Ishikawa-machi, Hachioji-shi, Tokyo, 192-8525 Japan Phone...

  • Page 5
    Financial Highlights Kenwood Corporation and consolidated subsidiaries Fiscal years ended March 31 2003/3 2004/3 2005/3 2006/3 2007/3 Net sales (JPY in million) Operating profit (JPY in million) Ordinary income (JPY in million) Net income (JPY in million) Net income per share (JPY) Net Income...

  • Page 6
    ... in the Land Mobile Radio business by deployment ranging from wireless terminal to system solution. Along with this effort, on July 24, Kenwood concluded a capital and strategic business alliance with Victor Company of Japan with the goal of new evolvement into the world's strongest car electronics...

  • Page 7
    ... and achieve the largest market share in the world. A significant synergy effect, such as enhanced cost competitiveness, is also expected from economy of scale in the consumer (multimedia) business (including car navigation and home/portable audio systems) through joint development, joint materials...

  • Page 8
    ... Corporation in 1986, Kenwood aggressively entered new fields such as car navigation systems and mobile phone enabled by advances in digital networks and IT technologies, becoming known as the "Kenwood - sound Car Electronics Business •Car Electronics Consumer (Audio) Business Communications...

  • Page 9
    ... Business Center Malaysia Plant Yamagata Plant Singapore Plant Nagano Plant Shanghai Plant Consolidated net sales composition by region Japan Americas Europe Asia, others 2007/3 2006/3 2005/3 0 20 35.6 37.8 39.8 40 29.4 29.7 26.0 60 80 21.7 19.7 20.8 13.3 12.8 13.4 100 (%) Annual Report...

  • Page 10
    ...using the latest digital network technologies. Among these products are car audio systems featuring seamless integration with digital media equipments, including digital audio players and USB devices that are rapidly growing in popularity; and new systems that can expand the functions of line-fitted...

  • Page 11
    ... using the high-frequency technology, developing proprietary techniques and high know-how in the field of "wireless communication", which is not included in the Car Electronics and Home Electronics businesses. Kenwood has increased its market share of Land Mobile Radio equipment, becoming the world...

  • Page 12
    ...digital audio players and personal computers through a USB terminal. In the field of portable audio, Kenwood develops products by combining a proprietary patent technology which can reproduce sound that approaches CD-quality by complementing the high register lost when compressing CD music data; new...

  • Page 13
    ... design as well as development of new materials for speaker system. Kenwood aims to offer added value that is more attractive to the market through the reproduction of high fidelity sound based on the above technologies and know-how. Contributing to both the Car Electronics business and the Home...

  • Page 14
    ... market for the Land Mobile Radio business and the development/design functions possessed by its units in Japan and, at the same time, upgraded and reinforced each of the sales/applied technology functions based in Europe. Kenwood also expanded sales and won new orders in emerging markets such...

  • Page 15
    ... its brand logo in addition to the supports it has heretofore provided the team. Home Electronics Business Kenwood drove its high value-added strategy through enhanced line-up of new premium products In the wake of the rapid diffusion of digital media and the recovering demand for high-class audio...

  • Page 16
    ...in-one type) CD receiver with built-in memory navigation system for mini and subcompact cars New systems that can expand the functions of line-fitted AV products Terrestrial digital TV tuner for Japanese market Line-fitted car navigation system Digital Land Mobile Radio 16 Kenwood Corporation

  • Page 17
    ...corporate value. Results from investments in strategic development in home electronics business An example of radio communication system (communication management system for public safety) Communication network Telephone line network An example of a base station system Zetron's Console system USB...

  • Page 18
    ... the Tokyo Stock Exchange, to indicate that there is no falsified information in our financial report or semi-annual report. We formulated our regulation regarding the timely disclosure of corporate information in response to these developments and are working to ensure that the entire Kenwood Group...

  • Page 19
    ... Marketing Department, Communications Equipment Division General Manager, Yokohama Business Center Tomohiko Yoshimura Assistant to CEO; Corporate Production & Quality General Executive, Procurement Division Senior Manager, Global Procurement Department, Procurement Division Representative, Kenwood...

  • Page 20
    ... public safety sector of commercial wireless radio field, by beginning to sell Land Mobile Radio equipment, establishing the base for commercial wireless radio business [Photo ] Set up production subsidiary Kenwood Nagano Corporation in Ina, Nagano Prefecture Developed the radio systems for F1 world...

  • Page 21
    ... in portable navigation Innovative features for globally usable devices Entered into a tie-up with EADS Secure Networks North America, a company of the group headed by the leading European aerospace and defense corporation EADS, to mutually supply Digital Land Mobile Radio equipment Launched...

  • Page 22
    Kenwood Group Plants Sales / Others • Kenwood Yamagata Corporation (Yamagata Plant) 1-15-80, Takarada, Tsuruoka-shi, Yamagata 997-0011 Japan Phone: +81 (235) 24-4811 FAX: +81 (235) 24-7495 North America • Kenwood U.S.A. Corporation •California Headquarters P.O. Box 22745, 2201 East ...

  • Page 23
    ...-machi, Hachioji-shi, Tokyo, 192-8525 Japan Phone: +81 (42) 646-9861 FAX: +81 (42) 646-5159 • Kenwood Electronics Trading (Shanghai) Co. Ltd. Room 24A-01 Majesty Building, 138 Pudong Avenue, Shanghai, China Postal Code 200120 Phone: +86 (21) 58828701 FAX: +86 (21) 58828711 Annual Report 2007 23

  • 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 Vodafone McLaren Mercedes.