JVCKENWOOD Company Profile 2022 (PDF: 4.3MB)

Date:








CHOOSE YOUR CHOICE GIFT CARD OFFER TODAY

Aiming to enhance sustainable

corporate value and to be

an excellent company

Under the medium-term management plan VISION 2023 for the fiscal years 2021 to 2023, which we announced in May last year, we aim to break through the stagnation of COVID-19 and move on to our next step with “Change for Growth” as the basic strategy and drastic strengthening of our corporate structure and further acceleration of growth as the goals for the three-year period.

Corporations are required to adapt to change flexibly and promptly at all times to ensure that change leads to growth. Under the Group’s Corporate Vision of “Creating excitement and peace of mind for the people of the world,” we hope to make rapid progress toward becoming an excellent company with both strength and toughness that continues to anticipate change and open up the future in order to enhance our corporate value over the medium-to-long term in a dramatically changing business environment.

In the midst of increased uncertainty, we will find a convincing purpose that resonates with our stakeholders while ensuring that the ideal set out as the Corporate Vision is in line with their ideas. We believe it is necessary to engage in purpose-based management which constantly questions the reason for our existence and makes us even better than we are today.

Representative Director of the Board, President and CEO

EGUCHI Shoichiro

Corporate Profile

Corporate Vision

Creating excitement and peace of mind

for the people of the world

Management Principles

Creating value through Monozukuri

Building a corporate culture that adapts and embraces change Investing in people to strengthen capabilities and push boundaries

4 Values

ChangeCreate

Medium-Term Management Plan and What JVCKENWOOD Aspires for

Company Name

JVCKENWOOD Corporation

•Car navigation systems, dashcams, telematics services, etc. (Mobility & Telematics Services Sector)

•Professional radio systems, security systems, medical image display monitors, etc. (Public Service Sector)

Business Segments

•Management of business activities of companies engaged in headphones, home audio systems, projectors,

portable power stations, audio and video software and other content (Media Service Sector),

as well as companies that own shares or equity interests in

companies engaged in equivalent business.

Representative Director

EGUCHI Shoichiro, Representative Director of the Board, President and Chief Executive Officer (CEO)

JVCKENWOOD will steadily implement the strategies set forth in VISION 2023 “Change for Growth”

to fulfill its commitments.

Creating

social value

Creating excitement and

peace of mind

for the people of the world

  • Contributing to social challenges
  • Leap to an excellent company

Date of Incorporation

October 1, 2008

Capital

13,650,000,000 yen*

Number of Employees

16,585*

Fiscal Year-End

March 31

Head Office

3-12, Moriyacho, Kanagawa-ku,Yokohama-shi, Kanagawa 221-0022

Head Office & Yokohama Business Center

*As of March 31, 2022

Developing the Three Brands Familiar to Customers

The JVCKENWOOD Group promotes a multi-brand strategy with multiple product brands under the corporate umbrella. Our three product brands, KENWOOD, JVC, and Victor have long been popular with customers. Even today, when AI and the IoT have become cutting-edge technologies, we flexibly respond to the changing times while providing products and services that

Strengthening

financial

base

value

enhancement

corporate

Developing

of

Sustainable

human

resources

Building

  1. corporate culture

Change

Growth

Rebuild the revenue base

Evolve DX Business

Further promote

Strategic products for the

manufacturing reforms

post COVID-19 era

Reorganize and consolidate

Improve profitability and

production bases

ROE commensurate with

invested capital

meet and exceed our customers’ expectations. The three brands will continue to evolve through Monozukuri.

JVCKENWOOD’s

Design-oriented management

Sustainability management & evolution of ESG

Approaches to profitable growth based on SDG strategic themes

strength

Strengthen governance and further improve

the effectiveness of the board of directors

JVCKENWOOD Company Profile

1

Business Areas

Revenue composition ratio by business sector (FYE3/’22)

Public Service Sector

The Public Service Sector consists of Communications Systems Business and Professional Systems Business to provide products, services, and solutions that contribute to people’s lives, livelihoods, and the creation of safe and secure cities through professional radio systems, wireless broadband solutions, security systems, professional broadcasting systems,

2%

19%

Others

Media Service

Sector

58%

Revenue

21%

282.1

Mobility &

billion yen

Telematics

Services

Public Service

Sector

Sector

The JVCKENWOOD Group aims to provide products, services, and solutions that realize its corporate vision of “Creating excitement and peace of mind for the people of the world” in the three business sectors: Mobility & Telematics Services Sector, Public Service Sector, and Media Service Sector.

and medical image display monitors.

Main Products

Low power transceiver

Medical image display monitor

UBZ-LS20

CL-S1200

Professional

broadcasting

Professional radio system

Security system

system

“Viking P25” series

VN-H158WPR (left), VN-H58 (right)

EM-K150

Mobility & Telematics Services Sector

The Mobility & Telematics Services Sector consists of the OEM Business, which provides car navigation systems, dashcams, and other related products to customers through automobile manufacturers and dealers, and the Aftermarket Business, which provides products to customers through mass merchandisers and distributors. The Sector also develops the Telematics Service Business for automobile insurances by equipping dashcams, which boast top-class performance in the industry, with communication functions. addition, the Sector expands the business domain to include mobility related services and data service business.

Main Products

Won the iF DESIGN AWARD 2022 in the product category, a world-renowned prize, for the VP8000 (center of the photo), a new product in the Viking series of multi-band P25 digital professional radios for the public safety market.

Media Service Sector

The Media Service Sector has developed a wide range of products to meet the demand for home entertainment, remote workers, and increased awareness of natural disasters and pandemics. In the Entertainment Business, with a number of popular artists, we are working to expand the share of the packaged and distributed music business and to strengthen the non-music business.

Main Products

Car navigation system

“Saisoku Navi” MDV-M909HDF

Car audio system

U382BT

Portable power station using recycled batteries from

Dashcam

DRV-C770R (picture above) DRV-MR570 (picture below)

Alcohol detector

CAX-AD100

Telematics service

In-vehicle amplifier/antenna/speaker

Headphones/Earphones

HA-FW1000T (top left), HA-XC72T (top right) KH-BIZ70T (bottom left), HA-A30T (bottom right)

Audio system

EX-D6

Keisuke Kuwata

Projector DLA-V90R

Portable power station

Portable solar panel BH-SP100-C (above)

BN-RB10-C (below)

Walküre

Gen Hoshino

Music and video content

electric vehicles

Conceptual image

A conceptual image of a communicating alcohol detector that works with a smartphone to send measurement results to the administrator’s PC via e-mail

Sterilization and deodorization device

CAX-PH100 (left), CAX-DS01 (right)

The three products from the Victor brand received the Good Design Award 2021: HA-FW1000T wireless stereo headset, compact component system EX-D6, “EXOFIELD THEATER” wireless theater system XP-EXT1

2

JVCKENWOOD Company Profile

JVCKENWOOD Company Profile

3

Our Sustainability Initiatives

The JVCKENWOOD Group promotes sustainability in business and society by providing products, services, and solutions that solve a variety of social issues through its business activities. In addition, we will further focus on initiatives for sustainability management as a key theme in the medium-term management plan VISION 2023, which is based on “profitable growth” and “solving social issues on a global scale”. While building a deep trust with all stakeholders, including customers, we will strive to sustainably enhance corporate value and contribute to the Sustainable Development Goals (SDGs).

Developing the Next-Generation

One of the JVCKENWOOD Group’s management principles is to “Investing in people to strengthen capabilities and push boundaries.” Recognizing that human resources are irreplaceable management resources that serve as a source of corporate competitiveness, we develop highly sensitive, self-reliant, and action-oriented human resources who can contribute to corporate growth and at the same time act with integrity.

  • Four approaches to workstyle reforms

The JVCKENWOOD Group will promote the realization of diverse and flexible work styles through the work style reforms.

  • Contribution to the SDGs through business activities

Prevention of traffic accidents

Response to disaster

Creating a safe and secure

1

2

3

and global warming

prevention and mitigation

community

Promoting telework

Creating a more efficient telework environment

  • Support for improving IT skills
  • Labor management

Promoting digitization and electronic stamps

Eliminating single-employer assignments

Linkage with office strategies

Utilization of satellite offices

  • Work at the nearest office
  • Use of shared offices and rental offices

Free address system

Contributing to a safe and secure transportation

Broadband wireless systems and portable

Security systems that contribute to deterring

society and reduction of greenhouse gases

power stations that contribute to disaster

accidents and crime and support safe and secure

through car navigation systems, dashcams, and

prevention and mitigation

urban development

telematics services

  • Environmental initiatives

Through the creation of products and services based on advanced technologies and through environmental activities, the JVCKENWOOD Group, together with all stakeholders, protects the global environment and contributes to the realization of a healthy and sustainable society not only today but towards the future. The JVCKENWOOD Group complies with environmental laws and regulations in all of its products and business activities, and contributes to the sustainable use of, and co-existence with, energy, resources, and the biosphere, which are the assets of the earth. To achieve this goal, we establish and implement goals focusing on the following four important environmental items.

Personnel system (measures to support the new system)

Expansion of shorter days and shorter working hours to full-time employees

System for second and concurrent jobs

Super flex time

Regional recruitment

Hiring of remote workers (e.g., people with disabilities)

Promotion of health management

Strengthening management education

Measures to improve health literacy

  • Visualization of current issues
  • Effective utilization of stress check results

Promoting collaborative health with health insurance associations

Addressing climate change

Achieve carbon neutrality by 2050

  • Reduction of CO emissions associated with business activities
  • Reduction of emissions from the use of purchased, transported, and sold products

Effective use of resources

Achieve zero emissions (3R management promotion)

Improvement of the waste recycling rate

Reduction of the use of plastics

  • Reduction of water utilization

Environmental conservation and

Appropriate management of

management

environmentally hazardous chemical substances

  • Proper management of chemical substances (toxic chemicals)

Preservation of biodiversity

Conservation of ecosystems

  • Actively promote activities to realize the Basic Environmental Policies at each stage of the life cycle of our and the supply chain’s products and services, contribute to the realization of a sustainable society, and preserve biodiversity.

Please visit our company website for more information on our sustainability activities.

https://www.jvckenwood.com/jp/sustainability.html

Promotion of diversity & inclusion

Fostering diversity mindset and understanding by promoting various initiatives.

In 2018, obtained the highest rank of “Eruboshi” certification under the Act on the Promotion of Female Participation and Career Advancement in the Workplace.

Continued from FY2020, held the company-wide event “SDGs Forum” and conducted online seminars on themes such as gender equality.

Conducted training to support employees in balancing work with childcare and nursing

care, and created “Childcare/Nursing Care: A Handbook for a Healthy Balance

(Japanese).” Also posted stories of male employees taking childcare leave on the official

company website and company intranet.

Seminars to promote the inclusion of people

Awarded “Gold” in the PRIDE Index, an evaluation index for initiatives related to sexual

with disabilities

minorities for four consecutive years.

Holds ongoing internal training on the knowledge and approach required to work with

employees with disabilities.

Eruboshi certification logo

PRIDE Index Gold Award logo

4

JVCKENWOOD Company Profile

JVCKENWOOD Company Profile

5

Financial Highlights *Graphs based on the International Financial Reporting Standards (IFRS).

Revenue

Operating profit

Profit (loss) attributable to

owners of the parent company

Our Management Team (As of July 1, 2022)

Directors of the Board

(100 million yen)

3,500

3,000

2,913

2,736

2,821

2,500

2,000

1,500

1,000

500

0

2020/3

2021/3

2022/3

(100 million yen)

100

91

80

60

49

40

41

20

0

2020/3

2021/3

2022/3

(100 million yen)

80

60

59

40

20

22

10

0

2020/3

2021/3

2022/3

IWATA

Shinjiro

External Director of the Board, Chairman of the Board, Nomination and Remuneration Advisory Committee member

KURIHARA

Naokazu

EGUCHI

NOMURA

MIYAMOTO

SUZUKI

Shoichiro

Masao

Masatoshi

Akira

Representative Director of the Board,

Representative Director of the Board,

Representative Director of the Board,

Director of the Board,

President and CEO, Nomination and

Senior Managing Executive Officer COO

Senior Managing Executive Officer

Senior Managing Executive Officer

Remuneration Advisory Committee member

Mobility & Telematics Services Sector

Chief Financial Officer (CFO)

COO Public Service Sector

Head of Business Reform

Head of Supply Chain Management (SCM)

Reform – in charge of

SCM Innovation Department,

Procurement & Logistics Department

SONODA

HAMASAKI

ONITSUKA

Yoshio

Yuji

Hiromi

Director of the Board,

Director of the Board,

External Director of the Board,

External Director of the Board,

Managing Executive Officer,

Managing Executive Officer,

Chairman of Nomination and

Nomination and Remuneration Advisory

Total assets/Total equity

Ratio of equity attributable to owners

Ratio of profit (loss) attributable to

of the parent company (Capital ratio)*

owners of the parent company*

(100 million yen)

%

%

3,000

2,808

30

28.3

10

2,643

24.5

8.1

2,497

22.6

8

2,000

20

6

1,000

10

4

840

600

685

3.6

2

0

0

1.6

0

2020/3

2021/3

2022/3

2020/3

2021/3

2022/3

2020/3

2021/3

2022/3

Total assets

Total equity

*1 Equity attributable to owners of the parent ÷ Total assets x 100

*2 Profit (loss) attributable to owners of the parent

company ÷ Average equity attributable to

owners of the parent for the fiscal year x 100

Head of Administrative Division – in charge of

Chief Technology Officer, (CTO) – in charge of

Remuneration Advisory Committee,

Committee member,

Legal & Compliance Office,

Prospective Creation Research Laboratory,

(Concurrent Position) Director & Chairman of

(Concurrent Position)

Group Management Office,

Intellectual Property Department,

Meidensha Corporation, Chairman of

Audit & Supervisory Board Member of

Corporate Secretary Office,

Engineering Innovation Department,

the Japan Electrical Manufacturers’ Association

Yahoo Japan Corporation,

Human Resources Department,

Chief Information Security Officer (CISO) –

External Director (Independent Director) of

General Administration Department,

in charge of IT Department,

the Board of Tokyo Electron Device Limited

Sustainability Management Office,

JK-CIRT/CC (JVCKENWOOD Central Incident

COO EMEA (Europe, Middle East and Africa)

Response Team/Coordination Center)

  • Audit & Supervisory Board Members

IMAI

SAITO

KURIHARA

FUJIOKA

Masaki

Katsumi

Katsumi

Tetsuya

Audit & Supervisory Board Member

External Audit & Supervisory Board Member,

External Audit & Supervisory Board Member,

External Audit & Supervisory Board Member

(Concurrent Position) External Director of

(Concurrent Position) Outside Director of

the Board of CHUCHIKU

NIPPON ANTENNA Co.,Ltd.

  • Equity attributable to owners of the parent company per share*

(yen)

500

486.26

400

394.33

344.55

300

200

100

0

2020/3

2021/3

2022/3

  • Interest-bearingdebt* & Net debt*

(100 million yen)

800

756

746

698

600

400

347

200

159

211

0

2020/3

2021/3

2022/3

(100 million yen)

2020/3

2021/3

2022/3

Cash flow from

216

358

71

operating activities

Cash flow from

-197

-118

-98

investing activities

Cash flow from

-17

-53

-113

financing activities

Free cash flow

20

240

-27

TAKADA

TERADA

HAYASHI

MURAOKA

SEKIYA

Shinichi

Akihiko

Kazuyoshi

Osamu

Naoki

Managing Executive Officer,

Managing Executive Officer,

Executive Officer,

Executive Officer,

Executive Officer,

General Executive of

COO China

General Manager of Corporate Strategy

COO Americas, COO APAC (Asia Pacific),

General Executive of

Aftermarket Business Division,

Department, In charge of

In charge of Strengthening International

Domestic Business Marketing Division

Mobility & Telematics Services Sector,

Corporate Communication Department,

Business General Executive of

Assistant to COO

In charge of New Business Development

verseas Business Marketing Division

Mobility & Telematics Services Sector

IWASAKI

SATO

Hiroaki

For more information, please visit our website at

Hatsuhiko

Katsuya

Kamata

https://www.jvckenwood.com/en/

corporate/management.html

Executive Officer,

Executive Officer,

Executive Officer,

COO Media Service Sector,

General Executive of

General Executive of Telematics Service Division,

General Executive of Media Business Division,

Communications Systems Division,

Mobility & Telematics Services Sector,

*3 Total equity attributable to owners of the parent ÷ Number of shares issued

*4 Interest-bearing debt does not include lease liabilities.

*5 Calculated using formula “Interest-bearing debt – Cash and deposits” for JGAAP and “Interest-bearing debt – Cash and cash equivalents at the end of the fiscal year” for IFRS

Interest-bearing debt

Net debt

Media Service Sector

Public Service Sector,

General Manager of

Assistant to COO Public Service Sector

DX Business Development Department

Stock Information (As of March 31, 2022)

Revenue composition ratio

Production ratio by region

Capital investment/

by region (FYE 3/’22)

(FYE 3/’22)

Depreciation expense/

Others

Others

Research and development expenses

Japan

Japan

(100 million yen)

Asia /

2%

Europe

4%

2020/3

2021/3

2022/3

China

16%

9% 12%

Capital

118

103

124

investment*

Europe

17%

45%

China

Capital

37%

38%

202

193

171

investment*

20%

Research and

159

development 174

157

expenses

Americas

Southeast Asia

*Tangible fixed assets only

Shareholder Composition

Major Shareholders (Top 10)

Japanese companies

Treasury stock

Name

Number of

Ratio of

1.87%

0.04%

stocks held

shareholding

THE MASTER TRUST BANK OF JAPAN, LTD. (TRUST ACCOUNT)

24,230,200

14.77%

Securities

CUSTODY BANK OF JAPAN, LTD. (TRUST ACCOUNT)

9,551,000

5.82%

companies

4.47%

INTERACTIVE BROKERS LLC

4,222,825

2.57%

24.47%

NORTHERN TRUST CO. (AVFC) SUB A/C NON TREATY

2,832,300

1.73%

Financial

43.99%

THE BANK OF NEW YORK MELLON 140040

2,482,000

1.51%

JP MORGAN CHASE BANK 385781

2,145,056

1.31%

institution

BNP PARIBAS SECURITIES SERVICES LUXEMBOURG/JASDEC/ACCT BP2S DUBLIN CLIENTS-AIFM

2,075,000

1.27%

25.16%

Individuals

ENDO SHIRO

1,990,000

1.21%

Foreign

THE DAI-ICHI LIFE INSURANCE COMPANY, LIMITED

1,852,268

1.13%

and others

companies

STATE STREET BANK AND TRUST COMPANY 505103

1,696,900

1.03%

6

JVCKENWOOD Company Profile

JVCKENWOOD Company Profile

7

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

JVC KENWOOD Corporation published this content on 10 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2022 02:23:06 UTC.

Publicnow 2022

All news about JVCKENWOOD CORPORATION

Sales 2023 298 B
2 208 M
2 208 M
Net income 2023 4 455 M
33,0 M
33,0 M
Net Debt 2023 30 800 M
228 M
228 M
P/E ratio 2023 7,08x
Yield 2023 3,37%
Capitalization 31 553 M
234 M
234 M
EV / Sales 2023 0,21x
EV / Sales 2024 0,18x
Nbr of Employees 16 585
Free-Float 98,2%

Chart JVCKENWOOD CORPORATION



Duration :


Period :




JVCKENWOOD Corporation Technical Analysis Chart | MarketScreener

Technical analysis trends JVCKENWOOD CORPORATION

Short Term Mid-Term Long Term
Trends Bullish Neutral Neutral



Income Statement Evolution

Sell

Buy

Mean consensus HOLD
Number of Analysts 3
Last Close Price 193,00 JPY
Average target price 226,67 JPY
Spread / Average Target 17,4%




Source link

CHOOSE YOUR CHOICE GIFT CARD OFFER TODAY

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

International Students’ struggle with Student Health Insurance Plan – Lindenlink

A Student Health Insurance Plan was put in place by Lindenwood for the beginning of Fall 22. Lindenwood...

Fruits of Grace: The First Friday and First Saturday Devotions

Like many Americans, I carry insurance on a number of different things – some because I’m legally...

Mercury General Co. (NYSE:MCY) Short Interest Down 14.9% in September

Mercury General Co. (NYSE:MCY - Get Rating) was the recipient of a significant drop in short interest...

UWM unveils alternative to traditional lender title process

United Wholesale Mortgage (UWM) CEO Mat Ishbia announced three initiatives for brokers at AIME Fuse on Saturday....