Kenwood 2008 Annual Report Download

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Annual Report
2008
Company Profile Section
JVC KENWOOD Holdings, Inc. JVC・ケンウッド・ホールディングス株式会社
アニュアルレポート2008 会社案内セクション
Annual Report 2008 Company Profile Section
JKHD0008
JVC・ケンウッド・ホールディングス株式会社
アニュアルレポート2008 会社案内セクション

Table of contents

  • Page 1
    An n u a l R e p o rt 2 0 0 8 Com pany Prof ile Sec t ion JVC KENWOOD Holdings, Inc. Annual Report 2008 Company Profile Section

  • Page 2
    ... before experienced. Contents Group Structure Management Message Outline of Management Integration Management Policy and Strategies Environmental management activities An Avid Supporter of Culture and the Arts Corporate Governance Company History Network (Global/Japan) Corporate Data 1 2 4 7 14 15...

  • Page 3
    ...Exchange) JVC KENWOOD Holdings 100% 100% JVC Video Cameras (camcorders) Display Home Audio Professional Systems Entertainment J&K Technologies Car Electronics Kenwood Communications Equipment Home Audio Management Integration Plan Victor Company of Japan, Limited ("JVC") and Kenwood Corporation...

  • Page 4
    ... Create New and "Unconventional" Added-Values JVC and Kenwood established the joint holding company, JVC KENWOOD Holdings on October 1, 2008, and carried out management integration. With an 81-year history, JVC is a video and audio equipment manufacturer that also has entertainment business centered...

  • Page 5
    ... Segment― Moreover, at a high level JVC KENWOOD Group will integrate video, audio and wireless communications technologies, and work to develop "unconventional" products and services appropriate to the digital network era, making use of vast resources both companies cultivated over a long period...

  • Page 6
    ...reforms supported by the August 10, 2007, capital increase through third-party allocation from Kenwood and several investment funds managed by SPARX International (Hong Kong). The companies established J&K Technologies Corp., a joint venture in the car electronics and home audio business, to work on...

  • Page 7
    ...navigation systems, engines • Car multimedia, terrestrial digital TV tuners, etc. • Car audio and home audio • Devices (CD/DVD drives, BD drives, etc.) Results of joint development As the first product to adopt joint development technologies, the commercialized KENWOOD brand AV Control Center...

  • Page 8
    ... on the consolidated balance sheet of consolidated taxation system in association with management integration; therefore anticipated tax payment by JVC KENWOOD Holdings for the year ending March 2011 is expected to decrease by about ¥2.5 billion compared to a situation where both companies did not...

  • Page 9
    ...in multiple genres. 3) Create new unconventional added value We will create completely new products and services that integrate at high levels the technologies and resources of the consolidated corporate entity. Corporate Logo JVC KENWOOD Group created a new corporate logo and started using this on...

  • Page 10
    ... Group's New Management Strategies businesses of the two companies into four new business segments, namely, car electronics, home & mobile electronics consisting of the genres of video cameras, display and home-audio, professional systems consisting of the genres of professional wireless equipment...

  • Page 11
    ... JVC KENWOOD Group positions Car Electronics, Home and Mobile Electronics (camcorders), Professional Systems and Entertainment business segments as new profit centers-accounting for approximately 70% of sales in the plan for the fiscal year ending March 2011-toward establishing of a well-balanced...

  • Page 12
    ... Fiscal year ended March 2008 Combined Sales : ¥151.5 billion Ratio : 18% Major Products •Car Audio •Car AV System •Car Navigation System By utilizing management resources and increasing economies of scale, the car electronics business will execute the growth strategy through maximizing sales...

  • Page 13
    ...as a High-Value-Added Comprehensive Entertainment Business Fiscal year ended March 2008 Combined Sales : ¥353.7 billion Ratio : 43% Major Products •Video Cameras •LCD TVs •Projectors •Pure Audio •Portable Audio •AV Accessories In the home & mobile electronics business, JVC KENWOOD Group...

  • Page 14
    ... 2008 Combined Sales : ¥114.6 billion Ratio : 14% Major Products •Land Mobile Radio Equipment •Video Surveillance Equipment •Video Equipment •Audio Equipment •Display Equipment In the professional systems business, orders increased in U.S., European and Chinese markets. JVC KENWOOD Group...

  • Page 15
    ...Software Including CDs, DVDs •Production of CD and DVD discs (prerecorded) •Distribution of Audio and other Software In the entertainment business, a fulfillment framework from content development to distribution was established by transferring the recording media business. The JVC KENWOOD Group...

  • Page 16
    ...-year plan to promote green products and environmental conservation. We will review these plans as necessary and advance them in line with legal restrictions and targets set by government offices and electric and electronic industry associations. In line with changes in public demands, and based...

  • Page 17
    ... In the extremely popular world of NASCAR racing, Kenwood provides support and wireless communications during races to the famous Penske Racing Team. Mechanics doing pit work with Kenwood's digital radio systems Custom-designed digital radio introduced in 2008 season Kenwood is an Official Supplier...

  • Page 18
    ... Operating Officers System will be introduced to the joint holding company in order to separate management and execution of businesses and strategies. The three operating companies under the control of the joint holding company will all be under the Board of Directors System. We will create a simple...

  • Page 19
    ... Former Vice President of the World Bank Director of the Board (External) Makoto Matsuo Currently Outside Auditor of Victor Company of Japan, Limited. Director of the Board (External) Jiro Iwasaki Former Director and Executive Vice President of TDK Corporation Haruo Kawahara Kunihiko Sato Hiroshi...

  • Page 20
    ... Executive, Integrated Synergy Development Div. Hiroyuki Taki Executive Officer and General Executive, New Business Development Center Satoru Maeda Executive Officer and Deputy General Executive, New Business Development Center Keiichiro Doi Satoru Maeda Keiichiro Doi 18 JVC KENWOOD Holdings...

  • Page 21
    ... Shiohata J&K Technologies Corp. President (Representative Director of the Board) Kazuo Shiohata President (Representative Director of the Board) Nobuo Maeda Nobuo Maeda Management System of Operating Company Victor Company of Japan, Limited President and Representative Director Executive Vice...

  • Page 22
    ... recorder Introduced AV-36W1, first 16:9 TV in the industry Introduced high-definition TV Introduced HR-W1, the world's first high-difinition home video recorder 2008 Sponsored UEFA EURO 2008TM Agreed Management Integration of JVC and KENWOOD through the Establishment of a Joint Holding Company...

  • Page 23
    ...Zetron, Inc., a U.S. systems-based communication company into a subsidiary Formed a management integration Capital alliance with Victor Company of Japan, Limited Completed payment and stock acquisition for third party allotment of new shares by JVC Established J&K Technologies Corp., a joint venture...

  • Page 24
    ..., Malaysia Shanghai, China Main Products CDs, DVDs (prerecorded software) TVs Car electronics products Camcorders, Home audio TVs, professional products Electronic components (motors, optical pickups, etc.) Home audio, car electronics products Camcorders Car electronics Communications equipment Car...

  • Page 25
    ... Main Global Subsidiaries Company Name JVC Forex Limited （U.K.） JVC Logistics Europe N.V. JVC Industrial America, Inc. JVC Finance of America JVC Trading Co., Ltd. （Shanghai） Beijing JVC AV Equipment Co., Ltd. Beijing Kelin JVC Electronic System Engineering Co., Ltd. JVC Purchasing Center...

  • Page 26
    ...JVC Head Office & Yokohama Plant JVC Kurihama R&D Center Kenwood Hachioji Business Center Kenwood Yokohama Business Center Location Yokohama, Kanagawa Yokosuka, Kanagawa Hachioji, Tokyo Yokohama, Kanagawa Main R&D Products Video cameras, TVs Video cameras, TVs, projectors Car Electronics, Home audio...

  • Page 27
    ... Location of Head Office Market for Listing Securities Code Number of Employees Capital Net Assets Total Assets Fiscal Year URL JVC KENWOOD Holdings, Inc. Controlling and managing the business activities by owning shares and interest in the companies which run car electronics business, home & mobile...

  • Page 28