Kenwood 2009 Annual Report Download

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Table of contents

  • Page 1

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    ..., we will create new and unconventional added value and evolve into a corporate group that provides customers with incomparable experiences they have never before experienced. Contents Financial Highlights Management Message Management Policy and Strategies Outline of Business and Priority Measures...

  • Page 3
    ...the fiscal year ended March 2009, JVC's results for the first half are not consolidated due to the adoption of the purchase method. *2. JVC's net sales in the reference figures have been converted under the net method and have not been certified by the accounting firm. JVC KENWOOD Holdings, Inc. 1

  • Page 4
    ... 2009, and the product planning and marketing functions of both companies were integrated into J&K Car Electronics to make the company virtually independent, with the goal of evolving the common businesses of JVC and Kenwood into a completely integrated business. Likewise, in the Home Audio business...

  • Page 5
    ... Home & Mobile Electronics, Professional Systems, and Entertainment Segments- Moreover, the Group will integrate video, audio and wireless communications technologies at a high level, and work to develop unique (unconventional) products and services appropriate to the digital network era, making use...

  • Page 6
    ...) added value. Specifically, in accordance with the following management policies, JVC KENWOOD Holdings will maximize synergies and develop new businesses. Meanwhile the operating companies, namely JVC, Kenwood and J&K Car Electronics, will execute their respective business strategies. 1. Realize...

  • Page 7
    ... (Car Electronics & Home Audio) Others Home Audio 11% Others Video Cameras Displays Professional Equipment Home Entertainment Entertainment 3% Digital Imaging AV Accessories etc. Home & Mobile Electronics Consumer Equipment 45% JVC The Group's New Management Strategies JVC and Kenwood...

  • Page 8
    ... included cost structural reforms designed to overhaul the corporate and business divisions in terms of expenses, review development Basic Policies for FYE'10/3 1. Cash build-up 2. Thorough implementation of structural reforms 3. Sales expansion with profit (Promotion of growth strategies) Sales...

  • Page 9
    ... the Group implemented additional measures centering on the restructuring of JVC's display business, Kenwood's car electronics OEM business and the home audio business, a common business area of both companies, where profitability issues remain; structural reforms of related production/sales systems...

  • Page 10
    ... Regarding the Professional Systems business, the Group is accelerating measures for early maximization of integration effects, mainly by promoting sales activities of a new multimedia security system that combines Kenwood's Land Mobile Radio terminal, a command and control system provided by Zetron...

  • Page 11
    ... Video Cameras (Memory camcorders) 3D LCD monitors the digital network era. At the same time, by leveraging marketing, product planning and development capabilities that both companies have nurtured to date, the Group will accelerate the development of new, unique (unconventional) products in line...

  • Page 12
    ... Home Entertainment 3% Digital Imaging AV Accessories etc. Home & Mobile Electronics 45% Car Electronics Business Net sales (Millions of yen) ¥92,237 Operating loss -¥4,180 Major Products n Car Audio n Car AV system n Car Navigation System n CD and DVD mechanism for car-mounted equipment...

  • Page 13
    ... Group's management resources, and developing devices for car-mounted equipment such as CD/DVD mechanisms. *PND stands for "portable/personal navigation device." n Car n Car FYE'09/9 (Millions of yen) Net sales Operating loss ¥92,237 -¥4,180 Major Products Audio AV system n Car Navigation System...

  • Page 14
    ... audio technologies of both companies in the home entertainment market, and making these businesses more profitable by creating new genre products and strengthening the B-to-B business. *1. ODM (original design manufacturing: production outsourcing from the design phase onward) *2. EMS (electronics...

  • Page 15
    ... new proposals for the market, and implementing efficient development and production systems by making maximum use of its various assets, including optical and signal processing technologies, design and production-related techniques, and brand power in a wide range of video camera-related businesses...

  • Page 16
    ... U.S. wireless communications system company that Kenwood turned into a subsidiary in May 2007. Major Products Mobile Radio Equipment n Video Surveillance Equipment n Video Equipment n Audio Equipment n Display Equipment n Land Brand Digital Land Mobile Radio "NEXEDGE" for the Business & Industry...

  • Page 17
    ... Media Co., Ltd. (a subsidiary of JVC that engages in the pressing of CDs/DVDs), Toppan Printing Co., Ltd., and its subsidiary Toppan Seihon Co., Ltd. FYE'09/9 (Millions of yen) Net sales Operating profit ¥30,617 ¥248 Major Products n Planning, Production and Sales of Audio and Video Software...

  • Page 18
    ..., the Group will endeavor to lessen the burden that its overall business activities have on the environment, from development, production and sales to recycling, and will engage in protecting the global environment as a green company that has the international community's trust. In Europe, JVC's LT...

  • Page 19
    ... education. by providing audio and video equipment. Customer Opinions At our call center, we offer appropriate consultation services for customers under a community-based system with "Accuracy, Kindness and Speed" as our motto so that customers can use our products without worry. Our showrooms...

  • Page 20
    ... the new system of Executive Officers, the former system by which Directors held positions of responsibility has been abolished. At the same time, Presidents of operating companies promote integrated management of the JVC Kenwood Group as Directors. Auditors conduct corporate audits, attend Board of...

  • Page 21
    ...Audits JVC Kenwood conducts internal audits on the overall business execution of the entire Group. Results of these audits are reported to the Board of Directors, an oversight organization, by the Corporate Audit Office, where six staff members are engaged in operational audits and internal control...

  • Page 22
    ... the Board of JVC Hidetoshi Yoshida Director of the Board, President and Representative Director of the Board of J&K Car Electronics, and Representative Director of the Board of Kenwood Kazuo Shiohata Director of the Board, and President and Representative Director of the Board of Kenwood Kazuhiro...

  • Page 23
    ...support of JVC and J&K Car Electronics), General Executive, Strategic Human Resources & Administrations Division and Director of the Board of J&K Car Electronics* Jiro Iwasaki Senior Vice President & Executive Officer, Assistant CEO (marketing, brand strategies and IT) , General Executive, Business...

  • Page 24
    ..., we as a new JVC will provide proprietary proposals worldwide. In line with this initiative, we have adopted our global brand JVC for the first time in Japan. JVC uses its superior audio and visual technologies and communications networks to create new ways to communicate through music and images...

  • Page 25
    ...world's first pocket-sized digital video camera [3] Introduced GR-HD1, high-definition digital video camera [4] Introduced EX-A1, compact component system [5] 2004 2005 2006 2007 Introduced hard disk camcorder, Everio GZ-MC200/MC100 JVC co-developed high-quality audio compression technology "net...

  • Page 26
    ...home-use and car-mounted audio systems as well as commercial radio equipment businesses. Its business areas have also expanded globally into North America, Europe and Asia. During the period when Kenwood was called TRIO Electronics, Inc. (1960 - 1986), it developed as a full-scale audio manufacturer...

  • Page 27
    ... and defensed corporation EADS, to mutually supply Digital Land Mobile Radio equipment Launched the voluntary organization jointly in Europe in order to establish standards for commercial digital wireless radio equipment Converted Zetron, Inc., a U.S. systems-based communication company into...

  • Page 28
    ...Malaysia Shanghai, China Main Products CDs, DVDs (pre-recorded software) TVs Car electronics Camcorders, Home audio TVs, professional products Electronic components (optical pickups, etc.) Home audio, car electronics products Car electronics Communications equipment Car electronics, Home electronics...

  • Page 29
    ... Company Name JVC Logistics Europe N.V. JVC Technical Services Europe Gmbh JVC Technology Centre Europe Gmbh JVC Industrial America, Inc. JVC Finance of America JVC Marketing India Private Limited JVC Trading (Shanghai) Co., Ltd. Beijing JVC AV Equipment Co., Ltd. Beijing Kelin JVC Electronic System...

  • Page 30
    ... Video cameras, TVs, projectors, D-ILA devices Home audio Professional, educational and information-related equipment CDs and DVDs (pre-recorded) Home furniture Car electronics, Communications, Home electronics Car electronics, CD and DVD mechanisms Components *J&K Car Electronics Corporation...

  • Page 31
    ... Net Assets Total Assets Fiscal Year URL JVC KENWOOD Holdings, Inc. Controlling and managing the business activities by operating the Car Electronics business, Home & Mobile Electronics business, Professional Systems business and Entertainment business and owning shares and interest in the companies...

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