Kenwood 2012 Annual Report Download

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Table of contents

  • Page 1

  • Page 2
    ... businesses deal with the rapidly changing electronics sector and factors including technology, demand, price, competitive environment, changes in economic environment, exchange rate fluctuations and many other factors may adversely impact management results or the financial condition of the Company...

  • Page 3
    Financial Highlights JVC KENWOOD Corporation and Consolidated Subsidiaries Fiscal Year ended March 31 Financial Highlights （Millions of yen） FYE 3/ʼ10 Net Sales... 0 400,000 10,000 2 72 300,000 300,000 20 6,000 200,000 27 7 2 90,000 2 0 2 17 2 60,000 0 200,000 2,000 0 100,000 30,000...

  • Page 4
    ... JVCKENWOOD Group Management Integration 100% owned JVCKENWOOD J&K Car Electronics 100% owned Victor Company of Japan Kenwood Corporation JVCKENWOOD Car Electronics Business Group Professional Systems Business Group Home & Mobile Electronics Business Group Entertainment Software Business Group...

  • Page 5
    ... FYE 3/'12 Car Audio Car AV Systems Car Navigation Systems CD and DVD Mechanism for Car-mounted Equipment Professional Systems Business 105.6 Professional Systems Business 91.4 92.5 3.6 Net sales Operating income (Billions of yen) 93.5 3.1 4.2 Major Products Land Mobile Radio Equipment Video...

  • Page 6
    Management Message Creating excitement and peace of mind for the people of the world. President, Representative Director and Chief Executive Officer (CEO) Shoichiro Eguchi 4 JVC KENWOOD Corporation

  • Page 7
    ... customers by continuously introducing products and services that are one step ahead of our competitors. Nearly five years have passed since July 2007, when the former Victor Company of Japan, Limited and the former Kenwood Corporation formed a capital and business alliance with a view to management...

  • Page 8
    ... the Groupʼs core technologies and fields as well as implement flexible management measures that prioritize time and cost considerations, including cooperation and alliances with other companies, and M&A. To master manufacturing practiced in emerging countries, which cannot be achieved based on...

  • Page 9
    ... 50% Company-wide net profit margin 0% CE: Car Electronics business PS: Professional Systems business HM: Home & Mobile Electronics business SE: Entertainment business HM 44% 24% 11% FYE 3/'10 FYE 3/'11 FYE 3/'12 19% 10% FYE 3/'16 (Target) SE 0% 11% FYE 3/'09 -10% JVC KENWOOD Corporation 7

  • Page 10
    ... system Car navigation systems developed in cooperation with Garmin Ltd. Head-up display in collaboration with Syndiant, Inc. Systems that combine radio with video Smart AV field JVCKENWOOD's new value domains Smart safety field Radio base station AV accessory Cameras compatible with networks...

  • Page 11
    ... designed for emerging markets via enhanced sales structures. * Deliver products specifically designed for emerging markets - Improve car audio for digital media; enhance completed products with Shinwa-supplied mechanisms - Analog radio systems, community-based radio systems, security cameras...

  • Page 12
    ... offices to improve overseas sales efficiency and enhance competitiveness, for example by integrating the sales companies in emerging markets, as well as the sales subsidiaries of the former Victor and the former Kenwood in North America, Europe, and Asia. The four business groups and a company...

  • Page 13
    ... business * Increase Japanese sales by strengthening Saisoku-Navi products and sales network * Boost after-market sales by making use of DENSO Groupʼs sales network * Enhance and globally expand car electronics compatible with MirrorLinkTM, and collaborate with Garmin Ltd. * Enhance display audio...

  • Page 14
    ... our capital and business alliance with Syndiant, and develop rear-view cameras and drive recorders that will extend functions of car navigation and display audio systems * Develop innovative products in collaboration with DENSO d. Expanding businesses in emerging markets * Develop and sell...

  • Page 15
    ... based on new concepts * Develop innovative products and contribute to development of new products and services in Car Electronics and Professional Systems businesses b. Expanding businesses in emerging markets * Develop emerging market sales networks, including non-home electronics channels...

  • Page 16
    ... Navigation Systems for Automobile Dealers Memory Navigation Systems for the Overseas After-market developed in cooperation with Garmin Display Audio Systems with MirrorLinkâ„¢ for the Overseas After-market Car Audio Systems for After-market Home & Mobile Electronics Business Action Camera...

  • Page 17
    ... HF Transceiver) Digital Land Mobile Radio VoIP Radio Dispatch System License-free Transceiver Professional Video Camera Recorder Security Video Camera Emergency Broadcasting Equipment Professional 3D LCD Monitor Entertainment Business Production of CD, DVD, BD JVC KENWOOD Corporation 15

  • Page 18
    ... -2.6 4.1 FYE 3/'09 FYE 10 3/'10 FYE 11 3/'11 FYE 12 3/'12 Major Products Chief Operating Officer (COO), Car Electronics Business Group Car Audio Car AV Systems Car Navigation Systems 11 for Car-mounted 12 CD and DVD10 Mechanism Equipment Toshiaki Matsuzawa 16 JVC KENWOOD Corporation

  • Page 19
    ...way, we will expand the product mix of the Car Electronics business, which is centered on head units, speakers, and amplifiers, to automotive network products and services by interfacing with head-up displays, cameras, and external servers as well as external mobile devices. JVC KENWOOD Corporation...

  • Page 20
    ...09 -1.3 FYE 10 3/'10 FYE 11 3/'11 FYE 12 3/'12 Major Products Chief Operating Officer (COO), Professional Systems Business Group Land Mobile Radio Equipment Video Surveillance Equipment Audio Equipment Video Equipment 10 11 Display Equipment 12 Kazuhiro Aigami 18 JVC KENWOOD Corporation

  • Page 21
    ... development and sale of digital land mobile radio equipment and systems compatible with the worldʼs various digital radio formats. The business solutions segment provides highly reliable, professional-use video and audio equipment in such markets as electrical facilities, education and the public...

  • Page 22
    ... income -3.9 141.8 100.1 -10.8 77.5 FYE 3/'09 FYE 10 3/'10 FYE 11 3/'11 FYE 12 3/'12 Major Products Chief Operating Officer (COO), Home & Mobile Electronics Business Group Camcorders Home Audio AV Accessories Projectors 10 Displays 11 12 Naokazu Kurihara 20 JVC KENWOOD Corporation

  • Page 23
    ..., the market for home audio systems is also maturing, so we are concentrating on high-value-added products in which WOOD CONE, the K-series, and other JVC and KENWOOD brands can display their strengths. We will also promote a fabless production structure, while enhancing network compatibility and...

  • Page 24
    ...10 3/'10 FYE 11 3/'11 FYE 12 3/'12 Major Products Chief Operating Officer (COO), Entertainment Software Business Group Planning, Production and Sales of Audio and Video Content including CDs and DVDs Production and Sales of CDs and DVDs (pre-recorded) Masaaki Saito 22 JVC KENWOOD Corporation

  • Page 25
    ...the corporate and brand images by promoting content created in the business; and (iii) a space production business for office buildings and retail premises. The company engages in new business services through which expertise in Entertainment business marketing and promotion, as well as in music and...

  • Page 26
    ... â-Energy conservation in offices and at production bases â-Development of energy-saving products (using LCA) (2) 3R activities â-Development of products designed for recycling â-Reduce and recycle waste ・Adoption of eco-friendly and recyclable materials ・Company-wide rollout of 3R...

  • Page 27
    ...by the Company matching the amount raised by Group employees and unions. Participation in elementary school science fair The JVC America Plant has been providing judges at a science fair that has been held every year for the last 15 years at the nearby Arcadia Elementary School. On February 7, 2012...

  • Page 28
    ... by the exchange. 2. JVCKENWOOD adopted an executive officer system under which the functions of corporate strategy implementation and business execution were divided, and the responsibility for management separated from that for business execution. Consisting of four full-time directors (including...

  • Page 29
    ...Operating Officer (COO) Chief Operating Officer (COO) Chief Operating Officer (COO) Chief Operating Officer (COO) Software Entertainment Business Group Home & Mobile Business Group Professional Systems Business Group Car Electronics Business Group Group Companies JVC KENWOOD Corporation 27

  • Page 30
    ... Members Audit Systems JVCKENWOODʼs Corporate Audit Office conducts internal audits on the overall business execution of the entire Group and reports the results of those audits to the oversight organization, the Board of Directors. Conducting the integrated monitoring of internal control execution...

  • Page 31
    ... of working groups by function, made up of representatives from each function of the JVCKENWOOD Group. Development & Design Human Resources CS Car Electronics Business Group Professional Systems Business Group Home & Mobile Electronics Business Group Entertainment Software Business Group Corporate...

  • Page 32
    ...) of Home & Mobile Electronics Business Group Masaki Imai Senior Vice President & Executive Officer, General Executive of Human Resources Management Division, President of J&K Partners Corporation *Kazuhiro Aigami Chief Financial Officer (CFO), General Executive of Strategic Finance & Accounting...

  • Page 33
    ..., Sound & Acoustic Division, Emerging Market Planning Division, President of Kenwood Home Electronics Corporation Shigenori Abe Masatoshi Miyamoto Professional Systems Business Group Chief Operating Officer (COO) of Professional Systems Business Group Entertainment Software Business Group Chief...

  • Page 34
    ...Company of Japan, Limited (JVC) and Kenwood Corporation (Kenwood) entered into an agreement on a capital and business alliance to cooperate in their car electronics and home audio businesses and integrate their management Aug. JVC increased its capital through a third-party allocation of new shares...

  • Page 35
    ...radio equipment field in Japan 1980 Entered the car audio field in the U.S. 1983 Entered the Business & Industry sector of commercial wireless radio field in the U.S. (Photoâ'¤) 1986 Renamed Kenwood Corporation â'¤Land Mobile Radio â'£FM Tuners launched in the U.S. 1991 Developed the radio systems...

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

  • Page 37
    ... Main R&D Products Video cameras, displays Video cameras, displays, projectors Car Electronics, home audio Communications Main Japanese Manufacturing Sites and Affiliated Manufacturing Company Name Head Office & Yokohama Business Center Yokosuka Business Center Victor Creative Media Co., Ltd...

  • Page 38
    Corporate Data 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 ...

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    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'¸2012 JVC KENWOOD Corporation JK0007