Kenwood 2011 Annual Report Download

Download and view the complete annual report

Please find the complete 2011 Kenwood annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 40

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40

Company Profile Section

Table of contents

  • Page 1
    Company Profile Section

  • Page 2
    ... Victor Company of Japan, Limited, Kenwood Corporation, and J&K Car Electronics Corporation took effect on October 1, 2011. Corporate Visions Creating excitement and peace of mind for the people of the world Contents Financial Highlights Overview of the JVC KENWOOD Group Management Message...

  • Page 3
    ... the reference figures have been converted under the net method and have not been certified by the accounting firm. 3. JVC KENWOOD conducted a 10-for-1 stock consolidation of its common shares effective August 1, 2011. 4. (Net assets - Minority interests) ÷ Total assets JVC KENWOOD Corporation 1

  • Page 4
    ... JV, current J&K Car Electronics (JKCE) for technological development. Management Integration (established joint holding company by share transfer). Effectively integrated CE businesses into JKCE. Converted JVC, Kenwood and JKCE into companies without board of directors or board of auditors. Changed...

  • Page 5
    ... JVC KENWOOD Group Corporate Data Company Name: Business Segments: JVC KENWOOD Corporation Controlling and managing the business activities by operating the Car Electronics business, Professional Systems business, Home & Mobile Electronics business and Entertainment business and owning shares and...

  • Page 6
    ... aspects of the business and being a company that is widely trusted by society. President, Representative Director of the Board, Chief Executive Officer Chairman, Representative Director of the Board, Senior Executive Officer Responsible for Integarated Management 4 JVC KENWOOD Corporation

  • Page 7
    ...a business group whose sound, images, and radio communications products and drivers make communication a reality for the people of the world. In order to do this, we plan to implement a growthoriented investment strategy in the respective domains of car electronics, radio equipment, cameras, imaging...

  • Page 8
    ...Car Electronics and Professional System businesses in the future. As for the Home & Mobile Electronics business, which faces fierce competition, we will shift our emphasis from products for the mass market to those for professional users and to niche markets while using visual and audio technologies...

  • Page 9
    ... 1, 2011. The JVC KENWOOD Group will further develop the four business domains of Car Electronics, Professional Systems, Home & Mobile Electronics and Entertainment, with the Groupʼs strengths in video and sound technologies and music and image software at its core, based on a corporate foundation...

  • Page 10
    ...management structure of operating companies and Establishment of COO for business groups Shoichiro Eguchi COO of Car Electronics Business Group Kazuhiro Aigami COO of Professional Systems Business Group Hisayoshi Fuwa Masaaki Saito COO of Home & Mobile Electronics Business Group COO of Entertainment...

  • Page 11
    ...COO COO COO COO Entertainment Software Business Group Home & Mobile Electronics Business Group Professional Systems Business Group Car Electronics Business Group Research & Development Structure The JVC KENWOOD Group is concentrating on businesses where the Groupʼs strengths as a specialty...

  • Page 12
    ... Car Electronics business that manufactures and sells car audio and car navigation systems, and devices for car-mounted equipment; (2) the Professional Systems business that is engaged in manufacture and sale of land mobile radio equipment, cameras, video and audio equipments; (3) the Home & Mobile...

  • Page 13
    .... By business field, we will basically use the KENWOOD and JVC brands for car electronics and audio equipment, the brands of KENWOOD and Zetron (the name of a U.S. subsidiary) for land mobile radio equipment, the JVC brand for cameras and video equipments, and the brands of Victor Entertainment, Inc...

  • Page 14
    ...333.0 14.0 10.0 6.5 *Forecast figures for the fiscal year ending March 2012 are those announced on April 27, 2011, and will be revised as necessary through close examination by the time of announcing the accounting report for the second quarter of the said fiscal year. 12 JVC KENWOOD Corporation

  • Page 15
    ... in the "Notice on Capital and Business Alliance with In-Car Device Manufacturing Company and Acquisition of the Companyʼs Shares" released on October 28, 2011. The above management targets do not reflect the effects of this conversion on the earnings of JVC KENWOOD. JVC KENWOOD will convert Shinwa...

  • Page 16
    Outline of Business Car Electronics Business Home & Mobile Electronics Business Chief Operating Officer, Professional Systems Business Group Chief Operating Officer, Home & Mobile Electronics Business Group Kazuhiro Aigami Hisayoshi Fuwa 14 JVC KENWOOD Corporation

  • Page 17
    Outline of Business Professional Systems Business Entertainment Business Chief Operating Officer, Car Electronics Business Group Chief Operating Officer, Entertainment Software Business Group Shoichiro Eguchi Masaaki Saito JVC KENWOOD Corporation 15

  • Page 18
    ...new products by combining these with cutting-edge data compression and extension technologies and user interface technologies. In addition, we have developed marketing and sales strategies by making the most of the KENWOOD and JVC brands, which have different features, respectively. At the same time...

  • Page 19
    ...7,894 Sales composition: 31% Major Products Car Audio Car AV System Car Navigation System CD and DVD mechanism for car-mounted equipment the genuine product market, we are increasing orders received for dealer-option products for automobile dealers and genuine products for automobile manufacturers...

  • Page 20
    ... in Land Mobile Radio and systems, licensefree transceivers, amateur radio sets and sales of cellular phones. The latter handles infrastructure system solutions, including security cameras and systems and professional audio equipment and facilities, and business solutions, such as professional video...

  • Page 21
    ... fiscal year ended March 2011. We recognize the shift to digital models and systematization of land mobile radio equipment is a business opportunity. Therefore, from now on the communications segment will focus on globally developing network systems. It will do so by making the most of JVC KENWOOD...

  • Page 22
    ... of new added value. To do this, we are striving to plan and develop products featuring more ease and convenience and security. In the video equipment segment, we are working to expand business in the world market by commercializing full-scale home projectors and 3D projectors, which use proprietary...

  • Page 23
    ... with the development of communication drivers that realize the new communications of shooting, watching and listening. We will do this by sharing image pickup, video and acoustic technologies, which have been advanced under the JVC and KENWOOD brands with the Professional Systems business, and...

  • Page 24
    ... (eLab) in April 2010 to fully make inroads into the world of B-to-B business, a domain different from the core business of music and video software sales. The company engages in new business services through which know-how on marketing and promotion of the Entertainment 22 JVC KENWOOD Corporation

  • Page 25
    ... and Sales of CDs and DVDs (pre-recorded) Distribution of Audio and Other Software business, production of music and video software and turning them into hits are utilized in different industries and business categories. Thus, through the eLab business, Victor Entertainment will aim to develop the...

  • Page 26
    .... Eco Promotion Plan 2020 Four JVC KENWOOD Group activities were established based on the new environmental vision and policy, and the entire group is involved in their realization. Energy conservation â-Energy conservation in offices and 3R activities* â-Development of products designed for...

  • Page 27
    ... 11, 2011, JVC KENWOOD donated 200 land mobile radios, 200 license-free transceivers and five armature radio sets manufactured by Kenwood and 300 radios manufactured by JVC. JVC KENWOOD also donated 15 million yenʼs worth of contributions in total, collected from the employees of JVC KENWOOD Group...

  • Page 28
    ...3. JVC KENWOOD is a company with a board of auditors. Auditors attend Board of Directorsʼ meetings and other important meetings, hold Board of Auditorsʼ meetings, audit the execution of duties by Directors and the entire Groupʼs business execution, perform accounting audits and hold the corporate...

  • Page 29
    ... Group Companies Entertainment Software Business Group Home & Mobile Electronics Business Group Professional Systems Business Group Car Electronics Business Group Strategic Research & Development Division Global Production & Procurement Division Human Resources Management Division Corporate...

  • Page 30
    ... accounting treatment, and formulated fundamental measures to prevent any recurrence as shown below. Establishment of a management structure and internal control system to improve the Group s corporate culture 1. Holding of JVC KENWOOD Groupʼs corporate-wide compliance meeting The JVC Group...

  • Page 31
    ... companies, head office functions, production management and procurement functions were integrated into the relevant organizations of JVC KENWOOD. ・JVC KENWOOD revised the internal control assessment manual, focusing on the prevention of falsified recording and such like in financial reports...

  • Page 32
    ..., 2011. Hiroshi Kukimoto Senior Vice President & Executive Officer, General Executive of Global Production &Procurement Division Nobuo Ochiai Senior Vice President & Executive Officer* Naokazu Kurihara 30 * Concurrently serving as Director of the Board of JVC KENWOOD. JVC KENWOOD Corporation

  • Page 33
    ... Officer of Car Electronics Business Group, General Executive of Technology Development Division Naokazu Kurihara SOO Assistant to COO of Home & Mobile Electronics Business Group (Home AV Business, AV Communications Business), General Executive of Home AV Division, General Manager of Home Theater...

  • Page 34
    ... (JVC KENWOODʼs shares were listed on the First Section of the Tokyo Stock Exchange) Development and production functions of the car electronics business of JVC and Kenwood were taken over by J&K Technologies through a company split (simplified absorption-type split) Product planning and marketing...

  • Page 35
    ... 2011 Launched a voluntary organization jointly to contribute to the development of land mobile radios in the Americas Launched the Simultaneous Communications System and VoIP Radio Dispatch System Basic Land Mobile Radio equipment for emerging markets (Photoâ'¥) Merged into JVC KENWOOD Corporation...

  • Page 36
    ...audio Professional products Electronic components (optical pickups, etc.) Car electronics products Car electronics Communications equipment Car electronics, home electronics Car electronics, communications equipment, Home electronics Europe: Affiliated Sales Company Company Name JVC Europe Ltd. JVC...

  • Page 37
    ... Products Projectors, D-ILA devices, equipment for business use related to audio and video CD and DVD discs (prerecorded) Home furniture Electronic components (optical pickups) Communications, home electronics Car electronics, optical discs Components Main Japanese Consolidated Affiliated Company...

  • Page 38

  • Page 39

  • Page 40
    3-12, Moriyacho, Kanagawa-ku, Yokohama-shi Kanagawa, 221-0022, Japan For further information, please contact: Public and Investor Relations, Strategic Corporate Planning Div. Tel: +81-(0)45-444-5232 Fax: +81-(0)45-444-5239 E-mail:[email protected] â'¸2011 JVC KENWOOD Corporation JK0003