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JVCKENWOOD Company Profile 2020

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JVCKENWOOD Company Profile 202011

Network (Japan)

Network (Global)
As of June 1, 2020

As of June 1, 2020

Sales & Marketing Companies: Americas

Business Centers and R&D Bases

Sales & Marketing Companies: EMEA (Europe, Middle East and Africa)

Name

Location

Main R&D Products

Name

Location

Name

Location

Head Office & Yokohama Business Center

Yokohama, Kanagawa

Projectors, video cameras, AV accessories, home audio, medical equipment etc.

JVCKENWOOD USA Corporation

U.S.A.

JVCKENWOOD U.K. Limited

U.K.

Hachioji Business Center

Hachioji, Tokyo

Automotive equipment

JVCKENWOOD Canada Inc.

CanadaJVCKENWOOD Deutschland GmbHGermany

Hakusan Business Center

Yokohama, Kanagawa

Radio communication devices, video surveillance equipment, etc.

JVCKENWOOD Latin America, S.A.

PanamaJVCKENWOOD Europe B.V.

Netherlands

Kurihama Business Center

Yokosuka, Kanagawa

D-ILA devices, laser diodes, etc.

JVCKENWOOD Italia S.p.A.

Italy

JVCKENWOOD RUS Limited Liability Company

RussiaJVCKENWOOD Gulf Fze

U.A.E.

Principal Production Bases and Production Companies
Sales & Marketing Companies: APAC (Asia Pacific)

Name

Location

Main Products

Head Office & Yokohama Business Center

Yokohama, Kanagawa

Optical components

Kurihama Business Center

Yokosuka, Kanagawa

Optical components and projectors

Yokosuka Business Center

Yokosuka, Kanagawa

CD and DVD discs (prerecorded)

JVCKENWOOD Yamagata Corporation

Tsuruoka, Yamagata

Communications equipment and professional products

JVCKENWOOD Nagano Corporation

Ina, Nagano

Automotive equipment

JVCKENWOOD Nagaoka Corporation

Nagaoka, Niigata

Medical equipment, medical image display monitors and in-vehicle substrates

Other Principal Affiliated Companies

Name

Location

Name

Location

JVCKENWOOD Singapore Pte. Ltd.

Singapore

JVCKENWOOD (China) Investment Co., Ltd.

China

JVCKENWOOD Malaysia Sdn. Bhd.

Malaysia

JVCKENWOOD Hong Kong Ltd.

China

JVCKENWOOD (Thailand) Co., Ltd.

Thailand

JVCKENWOOD Trading (Shanghai) Co. Ltd.

China

PT. JVCKENWOOD Indonesia

Indonesia

JVCKENWOOD Australia Pty. Ltd.

Australia

Manufacturing Companies

Name

Location

Main Business

Name

Location

Main Products

JVCKENWOOD Creative Media Corporation

Yokosuka, Kanagawa

Development, manufacture and sales of recorded optical disks, andmanufacture and sales of medical machinery and appliances

JVCKENWOOD Electronics Malaysia Sdn. Bhd.

Malaysia

Communications equipment

JVCKENWOOD Electronics (Thailand) Co., Ltd.

ThailandMedia equipment and professional products

JVCKENWOOD Victor Entertainment Corporation

Shibuya-ku, Tokyo

Planning, production and sales of audio and video software,
live concert business, game business, studio business, etc.

JVCKENWOOD Optical Electronics (Thailand) Co., Ltd.

Thailand

Automotive equipment

JVCKENWOOD Video Tech Corporation

Shibuya-ku, Tokyo

Production, editing, localizing and sales of audio and video products,
studio operation, and event planning and operation

PT. JVC Electronics Indonesia

Indonesia

Automotive equipment

Shanghai Kenwood Electronics Co., Ltd.

China

Automotive equipment

JVCKENWOOD Public & Industrial Systems Corporation

Yokohama, Kanagawa

Development, manufacture, sales, installation, construction and maintenance ofprofessional imaging, audio and communications equipment and system solutions

Beijing JVCKENWOOD AV Equipment Co., Ltd.

China

Professional radio systems

JVCKENWOOD Service Corporation

Yokosuka, Kanagawa

After-sales services of audio and imaging equipment

JVCKENWOOD Partners Corporation

Yokohama, Kanagawa

Undertaking of welfare program, general, personnel, accounting and otheraffairs, sales of goods, tour business, and building construction and contract

JVCKENWOOD Engineering Corporation

Yokohama, Kanagawa

Development and design of software and hardware

JVCKENWOOD Design Corporation

Head Office & Yokohama Business Center

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Sales & Marketing Companies: China

JVCKENWOOD Company Profile 2020

Setagaya-ku, Tokyo

Planning and production of designs

Other Principal Affiliated Companies
Name

Location

Main Business

Zetron, Inc.

U.S.A.

Development, production and sales of communications systems and equipment

EF Johnson Technologies, Inc.

U.S.A.

Development, manufacture and sales of professional radio systems

ASK Industries S.p.A.

Italy

Development, manufacture and sales of automotive equipment

Radio Activity S.r.l.

Italy

Development and sales of professional radio systems

Rein Medical GmbHGermany

Development, sales and implementation of operating room imaging solutions

JVCKENWOOD Hong Kong Holdings Limited

China

Manufacture and sales of automotive equipment, and contract manufacturingservice of electronics devices

JVCKENWOOD Technologies Singapore Pte. Ltd.

Singapore

Design and evaluation of automotive equipment and communications equipment

Hachioji Business Center

Hakusan Business Center

Kurihama Business Center

JVCKENWOOD USA Corporation

JVCKENWOOD Europe B.V.

PT. JVC Electronics Indonesia

Shanghai Kenwood Electronics Co., Ltd.

JVCKENWOOD Yamagata Corporation

JVCKENWOOD Nagano Corporation

JVCKENWOOD Nagaoka Corporation

JVCKENWOOD Optical Electronics(Thailand) CO., Ltd.

JVCKENWOOD Electronics
Malaysia Sdn. Bhd.

JVCKENWOOD Technologies
Singapore Pte. Ltd.

ASK Industries S.p.A.
JVCKENWOOD Company Profile 202013

Management TeamAs of July 1, 2020

■ Directors of the Board■ Audit & Supervisory Board Members

FUJITA Satoshi
TSUJI Takao
Title Representative Director of the Board, Chairman
Career Jun. 2002 President and Representative Director of NisshoElectronics Corporation
Jun. 2013 External Director of JVCKENWOOD Corporation
May. 2014 Representative Director of the Board, President,
COO of JVCKENWOOD Corporation
Jun. 2016 Representative Director of the Board, President,
CEO of JVCKENWOOD Corporation
Apr. 2018 Representative Director of the Board, Chairman,
CEO of JVCKENWOOD Corporation
Concurrent External Director of Dexerials Corporation
Post

ABE Yasuyuki
Title External Director of the Board, Chairman of the Board,
Nomination and Remuneration Advisory Committee member
Career Apr. 2002 Corporate Officer and Assistant to General Manager,
Network Division, Sumitomo Corporation
Jun. 2009 Representative Director, Managing Executive Officer
and General Manager, Financial & Logistics Business
Unit of Sumitomo Corporation
Apr. 2011 Representative Director, Senior Managing Executive
Officer and General Manager, New Industry
Development & Cross-Function Business Unit of
Sumitomo Corporation
Jun. 2015 External Director of JVCKENWOOD Corporation
Jun. 2016 External Corporate Auditor of Fuji Heavy Industries Ltd.
Jun. 2019 External Director of SUBARU CORPORATION

EGUCHI Shoichiro
Title Representative Director of the Board, President and CEO
Nomination and Remuneration Advisory Committee member
Career Jun. 2003 Senior Vice President & Executive Officer of
Kenwood Corporation
Oct. 2005 President and Director of Kenwood U.S.A.
Corporation

IMAI Masaki

Title Audit & Supervisory Board Member (Fulltime Audit)

Title Audit & Supervisory Board Member (Fulltime Audit)

Career Jul. 2003 Manager of Tarumi Branch
Office, Resona Bank, Limited / Mar. 2007
General Manager of Financial andAccounting Division / Jun. 2012 Directorof the Board, Executive Officer, CFO of
JVCKENWOOD Corporation

Career Apr. 2001 General Executive of
President’ s Office of Kenwood
Corporation / Jul. 2012 Senior Vice
President & Executive Officer, General
Executive of Corporate Planning &Production Strategy Planning Division /Apr. 2018 Director of the Board,
Executive Vice President, CSO, CAO,
General Manager of Internal Governance
Office of JVCKENWOOD Corporation

May. 2014 Representative Director of the Board, Executive Officer,
Regional CEO (Europe) of JVCKENWOOD Corporation
Apr. 2018 Representative Director of the Board, President,
COO of JVCKENWOOD Corporation

SAITO Katsumi
Title External Audit & Supervisory Board Member

KURIHARA Katsumi
Title External Audit & Supervisory Board Member

Career Apr. 1978 Joined Idemitsu Kosan Co.,Ltd/ Apr. 2010 Executive Officer and General
Manager of Agribio Department ofIdemitsu Kosan Co.,Ltd / Jun. 2013
Director of Idemitsu Kosan Co.,Ltd /Jun. 2014 Managing Director of Idemitsu
Kosan Co.,Ltd.

Career Apr. 1978 Joined Ricoh Company, Ltd. /Apr. 2010 Corporate Vice President of
Ricoh Company, Ltd. / Apr. 2012
Corporate Senior Vice President of Ricoh
Company, Ltd. / Jun. 2016 Audit &Supervisory Board Members of Ricoh
Company, Ltd.

Concurrent External Director of the Board of CHUCHIKU
PostConcurrent External Director of the Board of
Post Nippon Antenna Co.,Ltd.

Apr. 2019 Representative Director of the Board, President,
CEO of JVCKENWOOD Corporation

Concurrent External Director of SUBARU CORPORATION,
Post Advisor of Orange and Partners Co., Ltd.

■ Executive Ofﬁcers

MIYAMOTO Masatoshi
Title Director of the Board, Senior Managing Executive Officer, CFO
Career Oct. 2002 Head of Finance Planning Office, Finance
Department of Kenwood Corporation
May. 2014 Senior Vice President & Executive Officer, Headof Car Electronics Segment of JVCKENWOOD
Corporation
Jun. 2017 Director of the Board, Managing Executive
Officer, CFO of JVCKENWOOD Corporation
Apr. 2018 Director of the Board, Senior Managing
Executive Officer, CFO of JVCKENWOOD
Corporation

NOMURA Masao

SONODA Yoshio

Title Director of the Board, Senior Managing Executive Officer,
COO Automotive Sector, General Executive of Automotive
OEM Business Division, In charge of DX (Digital
Transformation) Business Division, In charge of Information
Technology Department
Career Jul. 1998 Director of the Board of Benelux N.V.
(subsidiary of Sojitz Corporation)
May. 2014 General Executive of OEM Business, Car
Electronics Segment of JVCKENWOOD
Corporation
Apr. 2017 Executive Officer, General Executive of OEM
Business Division, Automotive Sector, Senior
General Manager of Option Business Unit of
JVCKENWOOD Corporation

Title Director of the Board, Executive Officer, Chief Technology
Officer (CTO), In Charge of R&D Department, In Charge ofIntellectual Property Department, In Charge of Legal Affairs
Department, In Charge of Engineering Innovation Department,
In Charge of Procurement & Logistics Department
Career Jan. 2006 General Manager of Element Technology
Development, Consumer Business Development
Center of Kenwood Corporation
Apr. 2018 Executive Officer, General Executive ofAutomotive Engineering & Design Division,
JVCKENWOOD Corporation

Jun. 2018 Director of the Board, Managing Executive
Officer in charge of Automotive Sector General
Executive of Automotive OEM Business Division,
COO EMEA, of JVCKENWOOD Corporation

Jun. 2019 Director of the Board, Executive Officer, CTO,
General Executive of Automotive Engineering &Design Division, General Executive of Automotive
Business Planning Division, In charge of R&D
Department, In charge of Intellectual Property
Department

KURIHARA Naokazu
Title Managing Executive Officer, Head of
Administrative Division (Secretary Office,Human Resources Department, General
Administration Department, Sustainability
Management Office), COO EMEA (Europe,
Middle East and Africa)
Career Oct. 2002 President and Director of JVC
Company of America / Jun. 2010 Directorof the Board, General Executive of Digital
Imaging Business Division of Victor
Company of Japan, Limited / Sep. 2013
Director of the Board, Senior Managing
Executive Officer of JVCKENWOOD
Corporation

TERADA AkihikoTitle Executive Officer, COO China

SUZUKI Akira
Title Director of the Board, Senior Managing Executive Officer,
COO Public Service Sector, General Manager ofManagement Base Reform Office
Career Oct. 2006 Chief Engineer of Communication
Business Division of Kenwood Corporation
Jun. 2013 Managing Executive Officer of IT, General
Executive of Communication Division of
JVCKENWOOD Corporation

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IWATA Shinjiro
Title External Director of the Board, Chairman of Nomination
and Remuneration Advisory Committee
Career Apr. 2009 Vice President and Executive Officer, CEO of
Service & Global Business, Information &Telecommunication Systems Group of Hitachi, Ltd.
Apr. 2013 Representative Executive Officer, Executive Vice
President and Executive Officer of Hitachi, Ltd.,CIO and CISO of Hitachi Group

Apr. 2019 Managing Executive Officer, COO PublicService Sector of JVCKENWOOD Corporation

Jun. 2015 Chairman of the Board & Director of Hitachi
Koki Co., Ltd. (External Director)

Jun. 2020 Director of the Board, Senior Managing
Executive Officer, COO Public Service Sector,
General Manager of Management Base
Reform Office of JVCKENWOOD Corporation

Jun. 2017 External Director of JVCKENWOOD
Corporation

JVCKENWOOD Company Profile 2020

Concurrent External Director of A.L.I. Technologies Inc.
Post

HAMASAKI Yuji
Title External Director of the Board, Nomination andRemuneration Advisory Committee member
Career Jun. 2004 Executive Officer, Deputy Vice President,
Infocommunications Business Unit of Sumitomo
Electric Industries, Ltd.
Jun. 2006 Managing Director, Vice President, Broadband
Solutions Business Unit of Sumitomo ElectricIndustries, Ltd.
Jun. 2010 Director & Senior Managing Executive Officer
of Meidensha Corporation
Jun. 2013 Representative Director, President of
Meidensha Corporation
Jun. 2019 External Director of JVCKENWOOD
Corporation
Concurrent Representative Director, Chairman of MEIDENSHA,
Post Chairman of the Japan Electrical
Manufacturers’ Association

Career Jun. 1997 Director of the Board,
Administrative Manager, Accounting
Manager of Nippon Computer Systems
Corp. / Jun. 2001 Director of
the Board, Financial Controller, Shinwa
Co., Ltd. / Jan. 2011 CEO of Shinwa
International Holdings Ltd.

ARAI Takuya
Title Managing Executive Officer, COO APAC
(Asia Pacific)
Career Nov. 2004 Product Planning Manager of
PM Department, Car Electronics Business
Division of Kenwood Corporation / Nov.
2012 General Executive of Brand Strategyof JVCKENWOOD Corporation / Jun. 2016
Managing Executive Officer, General
Executive of Aftermarket Business,
Automotive Sector of JVCKENWOOD
Corporation

MURAOKA Osamu
Title Executive Officer, COO Americas
Career Jun. 2012 Operating Officer, Professional
Systems Business Group, General
Executive of Business Solution Division /Apr. 2016 Vice President, General
Executive of Healthcare Business Division /Apr. 2018 Senior Vice President, General
Executive of Communications Systems
Division of JVCKENWOOD Corporation

TAKADA Shinichi
Title Managing Executive Officer, Assistant to
Head of Administrative Division (Corporate
Strategy Department, Brand Promotion
Department, Corporate Communication
Department), General Manager ofCorporate Strategy Department
Career Apr. 2006 President and Director of JVC
Mobile Company of America / Jun. 2013
Operating Officer, General Executive of
Car Electronics Consumer Division / Apr.
2017 Executive Officer, COO Asia
Oceania of JVCKENWOOD Corporation

HAYASHI Kazuyoshi
Title Executive Officer, COO Media Service
Sector
Career Dec. 2004 General Manager of
Camcorder Category, AV&Multimedia
Company of Victor Company of Japan,
Limited / Oct. 2011 Chief Engineer of HM
Business Group of JVCKENWOOD
Corporation / Apr. 2018 Executive Officer
in charge of Media Service Sector of
JVCKENWOOD Corporation

SEKIYA Naoki
Title Executive Officer, General Executive ofAutomotive Aftermarket Business Division,
In Charge of Domestic Sales Reform
Career Dec. 1988 Joined Victor Company ofJapan, Limited / Apr. 2018 Vice President,
General Manager of Domestic Sales &Marketing Department, Automotive
Aftermarket Business Division of
JVCKENWOOD Corporation / Apr. 2019
Senior Vice President, General Manager ofDomestic Sales & Marketing Department,
Automotive Aftermarket Business Divisionof JVCKENWOOD Corporation

For more information, please visit our website at https://www.jvckenwood.com/en/corporate/management.html

JVCKENWOOD Company Profile 202015

Corporate Profile/Stock Information

Financial Highlights

Graphs based on International Financial Reporting Standards (IFRS).

Revenue

Ratio of Proﬁt Attributable to Ownersof the Parent Company

Operating Proﬁt（Billion yen）

（Billion yen）

308

300

291

（％）

8.0

10.0

7.3

6.0

200

6.8
4.1

4.0

5.0

2.0

100
0

FYE 3/ʼ19

FYE 3/ʼ20

0

1.6
0.0

FYE 3/ʼ20

FYE 3/ʼ19

FYE 3/ʼ19

FYE 3/ʼ20* Revenue and operating profit decreased to -6.0 billion yen and -3.0 billion yen respectively due to the impact of the novel coronavirus.

Revenue Composition by Business Segment(FYE 3/'20)
DX Business,Others
5％

Production Composition by Region(FYE 3/ 20)

Automotive Sector

24%

51%

Company Name

JVCKENWOOD Corporation

Businesss Segments

Controlling and managing the business activities by operating the Automotive sector, Public Service sector,
Media Service sector and owning shares and interest in the companies which run those businesses

Representative Director

TSUJI Takao, Representative Director of the Board, Chairman
EGUCHI Shoichiro, Representative Director of the Board, President, Chief Executive Officer (CEO)Date of Incorporation

October 1, 2008

Capital13,645,825,000 yen (as of March 31, 2020)

Number of Employees

17,623 (as of March 31, 2020)

Total Assets

249,660 million yen (as of March 31, 2020)

Total Equity

59,999 million yen (as of March 31, 2020)

Fiscal Year-End

March 31

Head Office

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

Others 2%
Japan

12%

Japan

EuropeChina

28%

Stock Information

Asia/China

8% 13%Media Service Sector

Public Service Sector

Revenue Composition by Region(FYE 3/ 20)

Others 1.1%
Europe19%

Corporate Profile

47%

17%
Southeast
Asia

Americas48%

22%

Ordinary General Meeting of Shareholders

June

Record Date

Ordinary General Meeting of Shareholders: March 31
Year-end dividend: March 31 Mid-year dividend: September 30*Besides the above record dates, a dividend of surplus may be paid through specifying a record date separately

Stock Exchange Listing

Listed on the first section of the Tokyo Stock Exchange

Security Code6632

Trading Unit

100 shares

Total Number of Shares Issued 164,000,201 shares (including 58,449 treasury shares) (as of March 31, 2020)（Million yen）

FYE 3/ 20

FYE 3/ 19
307,627

291,304

Operating proﬁt

7,263

4,080

Proﬁt before tax

6,401

2,877

Proﬁt attributable to owners of the parent company

3,847

954

Total assets

250,617249,660

Total equity

65,321

59,999Equity attributable to owners of the parent company per share (yen)378.24344.55*1

Ratio of equity attributable to owners of the parent company (%)

24.7

22.6

Basic earnings per share (yen)

25.00

5.82

Retained earnings

6,634

5,547

Interest-bearing debts

71,31274,605Net debt

30,46834,6716.8

1.6

Cash ﬂows from operating activities

20,98321,642

Cash ﬂows from investing activities−25,768−19,675

Cash ﬂows from ﬁnancing activities

8,479−1,665

Revenue

Ratio of proﬁt attributable to owners of the parent company (%)*2

Total Number of Shareholders

48,147 (as of March 31, 2020)

Shareholder Registry Administrator

Sumitomo Mitsui Trust Bank Limited, 1-4-1 Marunouchi, Chiyoda-ku, Tokyo

Place for the Registration

Stock Transfer Agency Business Planning Dept., Sumitomo Mitsui Trust Bank Limited,
1-4-1 Marunouchi, Chiyoda-ku, Tokyo■Shareholder Composition■Major Shareholders (Top 10)

As of March 31, 2020

As of March 31, 2020

Japanesecompanies
3.88％

Treasury stock
0.04％

Securities
companies
2.30%

Financial
institutions
25.72%

Individuals
and others
29.51%

Foreigncompanies
38.56%

Number of stocks held
(thousands)

Ratio ofshareholding(%)

The Master Trust Bank of Japan, Ltd. (trust account)

11,661

7.13

Japan Trustee Services Bank, Ltd. (trust account)

11,147

6.81

JPMC GOLDMAN SACHS TRUST JASDEC LENDING ACCOUNT

4,304

2.63

DENSO Corporation

4,171

2.55

THE BANK OF NEW YORK MELLON 140044

3,774

2.31

Japan Trustee Services Bank, Ltd. (trust account 5)

3,313

2.02

JP MORGAN CHASE BANK 385151

3,015

1.84

DFA INTL SMALL CAP VALUE PORTFOLIO

2,924

1.79

THE BANK OF NEW YORK MELLON 140040

2,785

1.70

STATE STREET BANK WEST CLIENT - TREATY 505234

2,554

1.56

Name

Note: Ratio of shareholding is calculated based on the total number of shares issued and outstanding (excluding
treasury shares).

*1 Equity attributable to owners of the parent company ÷ Total assets*2 Proﬁt attributable to owners of the parent company ÷ Average equity attributable to owners of the parent company during the period

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JVCKENWOOD Company Profile 2020

JVCKENWOOD Company Profile 202017