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JVCKENWOOD Company Profile 2019

JVCKENWOOD Company Profile 20193

Management Message

Management Plan Vision 2020 Mid-to Long-Term Management Plan

Creating value for our customers

We, JVCKENWOOD Corporation, launched a mid- to long-term management plan, Vision 2020, with fiscal year 2020 as the target
year (hereinafter, “Vision 2020”) on May, 2015, and have since been carrying out our business activities by using ROE as a major
management indicator and focusing on fields where we can capitalize our strengths. Furthermore, in January 2018, we evaluatedthe progress of Vision 2020 two years after its launch and reviewed our future initiatives. We are working toward achieving an ROEof 10% in the fiscal year ending March 2021 (FY2020), the final year of Vision 2020.

■Business Portfolio Under Vision 2020

Representative Director of the Board, President and CEO

Shoichiro EguchiWith the aim of achieving our corporate vision of “Creating

Evolution as a Technology Based Company

excitement and peace of mind for the people of the world,”

The JVCKENWOOD Group will strengthen and promote its

we devote constant efforts to enhancing customer

initiatives based on strategies related to both technologies andsatisfaction, as well as delivering sustainable growth andintellectual property, in order to further evolve as a company

increasing our corporate value, guided by our new

founded on technology. We will forge ahead with the

management principles of “Transforming into a customer

development of technologies that respond to market needs,

value creator,” “Evolving as a technology-based company,”

with efforts centering on our core technologies in the fields ofand “Contributing to a sustainable society through our

audio, visual, and communications systems, and will bebusiness.”

proactive in applying the immense amount of intellectual
property and technologies we have cultivated in new

Transformation into a Customer Value Creator

technology areas, in addition to adopting highly innovative

Customer value is the value perceived to be appropriate by

new technologies.

customers, and the sources of customer value creation are
products and services, as well as brands. The key to achieving

Contribution to a Sustainable Society Through Our

the transformation into a customer value creator, one of ourBusinessmanagement principles, is to provide products and services

In terms of contributing to building a sustainable society, thethat meet customer needs.

future management of JVCKENWOOD’s Sustainable
Development Goals (SDGs) can be described as a form of

We believe what is critical in a rapidly changing market

management that pursues the development of a businessenvironment is to be adaptable and responsive to changes instructure that allows us to create a better society and athe market and customer needs. We will, therefore, strive tosustainable society as we grow our business and as we

become a customer value creator whose technologicalstrengthen our market position. In other words,

innovations are aligned with its activities for creating new

JVCKENWOOD’s efforts to implement and accelerate its

value based on responsive marketing.

business strategies will naturally lead to achieving SDGs.
All JVCKENWOOD’s business areas are linked to issues to beaddressed in SDGs. As a result, we aim to achieve our mid- to

Corporate
VisionManagement
Principles
ActionGuidelines

Creating excitement and peace of mind
for the people of the worldTransform into a customer value creator
Evolve as a technology based company Contributeto a sustainable society through our business

The new Management Principles and Action Guidelines

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JVCKENWOOD Company Profile 2019

■Growth Strategy by Market and Business(1) Automotive Sector
In the Aftermarket Business, while securing a top-class position in the car navigation and car audio fields, we have expanded new
products such as display audio systems and dashcams. By capitalizing on its strengths, our OEM business has achieved higher
growth than expected in the dealer-installed option business. In the future, using our technologies in imaging, audio, andcommunications cultivated over the years, as well as know-how and points of contact with customers acquired through this record,
we will strengthen our activities in the in-vehicle optical device-related field, such as dashcams and car-mounted cameras, for which
demand is expected to further expand with the transition to electric vehicles, self-driving vehicles, and connected vehicle (constantconnection to the Internet) technologies. We will also seek to expand HMI*2-related fields for the next-generation car space,leveraging our strengths in audio and imaging technologies.

(2) Public Service Sector
In the Communications Systems Business, we aim to transition away from business operations centered on sales of terminals
toward the total system solutions business, anticipating the continued trend toward broadband within the professional radio
infrastructure. We are promoting an expansion of the digital radio system business, which is expected to continue growing aroundthe world, while proactively executing M&As. In December 2018, we entered into an agreement for a share acquisition anda capital and business alliance with New Zealand-based Tait International Ltd., which has strengths in the broadband
communications systems and solutions business.
JVCKENWOOD Public & Industrial Systems Corporation, which is responsible for the Professional Systems Business, is enhancing
a business framework for providing one-stop solutions, ranging from sales of equipment to system proposal, design, installation,
maintenance, and management while deepening and expanding the imaging security and audio solution business fields. In thehealthcare business field, we will seek to expand business into the medical imaging and information solution field. In addition,
we are venturing to branch out into new business fields through research collaboration with external research institutions andpartner companies, such as a blood diagnosis solution that enables early detection of cancer by applying the technology cultivatedthrough production of optical discs, as well as a solution useful for the early assessment of social developmental disabilities.

(3) Media Service Sector

We look forward to your continued understanding andIn the Media Business, JVCKENWOOD will take full advantage of the brand assets including the Victor brand, and in addition, in the
BtoB domain, will create unique imaging solutions in line with the latest technology trends, such as 8K/4K, HDR*3, and VR/AR. In
the field of projectors, we will provide systems with unparalleled high definition and connectivity to customers’ equipment to
respond to customers’ needs for simulators and other solutions. In the growing sports-related market, we will enhance ourofferings of unique services and systems, mainly applying our imaging technology.
In the Entertainment Business, JVCKENWOOD will further advance its transition to the total entertainment business,by strengthening the audio data source business and enhancing movies, games, and other contents, as well as by expanding theperipheral business, such as live concert/event business and merchandising business.

support.

Note:1. An abbreviation of Digital Transformation 2. An abbreviation of Human Machine Interface 3. An abbreviation of High Dynamic Range

long-term management plan and thereby achieve SDGs.
We hope to forge deep ties of trust with all of our stakeholders,
while constantly striving to achieve sustainable growth and toenhance our corporate value.

Reﬁne our senses regularly to create products andservices that oﬀer a moving experience Provide
solutions that make a real diﬀerence through innovationand collaboration Strive for sincere, responsible
corporate behavior as our commitment to compliance

The Automotive Sector has achieved higher growth than expected as aresult of intensive investments in the dealer-installed/factory-installed
option business implemented in accordance with Vision 2020. We decided
to make well-balanced investments in business fields with promise for
growth in each sector to stabilize total revenue and achieve further growth.
This has resulted in achieving profitability in all sectors in the fiscal year
ended March 2019. We will achieve a well-balanced, robust businessstructure by further enhancing the Public Service and the Media Service
sectors and increasing sales in other sectors of the DX*1 business, and pass
it on to the final year of Vision 2020.

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JVCKENWOOD Company Profile 201913

Network (Japan)

Network (Global)
As of June 1, 2019

As of June 1, 2019

Operation Companies: Americas

Business Centers and R&D Bases

Operation Companies: EMEA

Name

Location

Main R&D Products

Name

Location

Name

Location

Head Office & Yokohama Business Center

Yokohama, Kanagawa

Projector, video cameras, AV accessories, home audio, etc.

JVCKENWOOD USA Corporation

U.S.A.

JVCKENWOOD U.K. Limited

U.K.

Hachioji Business Center

Hachioji, Tokyo

Automotive equipment

JVCKENWOOD Canada Inc.

CanadaJVCKENWOOD Italia S.p.A.

Italy

Hakusan Business Center

Yokohama, Kanagawa

Land mobile radio, video surveillance equipment, etc.

JVCKENWOOD Latin America, S.A.

PanamaJVCKENWOOD Deutschland GmbHGermany

Kurihama Business Center

Yokosuka, Kanagawa

D-ILA devices, laser diodes, etc.

JVCKENWOOD Belgium N.V.

Belgium

JVCKENWOOD Europe B.V.

Netherlands

JVCKENWOOD RUS Limited Liability Company

RussiaJVCKENWOOD Gulf Fze

U.A.E.

Principal Manufacturing Sites and Manufacturing Companies
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

Operation Companies: Asia-Pacific

Other Principal Affiliated Companies
Location

Main Business

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 Creative Media Corporation

Yokosuka, Kanagawa

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

JVCKENWOOD Public & Industrial Systems Corporation

Yokohama, Kanagawa

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

JVCKENWOOD Video Tech Corporation

Shibuya-ku, Tokyo

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

JVCKENWOOD Service (Japan) Corporation

Yokosuka, Kanagawa

After-sales services of audio and imaging equipment

JVCKENWOOD Engineering Corporation

Yokohama, Kanagawa

Development and design of software and hardware

JVCKENWOOD Design Corporation

Setagaya-ku, Tokyo

Planning and production of designs

Head Office & Yokohama Business Center

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JVCKENWOOD Company Profile 2019

Yokohama, Kanagawa

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.

ThailandPT. JVCKENWOOD Indonesia

Indonesia

JVCKENWOOD Australia Pty. Ltd.

Australia

Manufacturing Companies

Name

JVCKENWOOD Partners Corporation

Operation Companies: China

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

Name

Location

Main Products

JVCKENWOOD Electronics Malaysia Sdn. Bhd.

Malaysia

Communications equipment

JVCKENWOOD Electronics (Thailand) Co., Ltd.

ThailandMedia equipment and professional products

JVCKENWOOD Optical Electronics (Thailand) Co., Ltd.

Thailand

Automotive equipment

PT. JVC Electronics Indonesia

Indonesia

Automotive equipment

Shanghai Kenwood Electronics Co., Ltd.

China

Automotive equipment

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 Technologies Singapore Pte. Ltd.

Singapore

Design and evaluation of automotive equipment and communications equipment

JVCKENWOOD Hong Kong Holdings Limited

China

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

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 201915

Corporate Profile/Stock Information

Management Team
■Director of the Board■Audit & Supervisory Board Members■Executive Officers

Corporate Profile

Takao Tsuji

Masaki Imai

Yoshio Sonoda

Yasuyuki Abe

Shoichiro Eguchi

Masatoshi Miyamoto Masao Nomura

Shinjiro Iwata

Satoshi Fujita

Shojiro Asai

Takayoshi Sakamoto

Nagaaki Ohyama

Takuya Arai

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

Takao Tsuji, Representative Director of the Board, Chairman
Shoichiro Eguchi, 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, 2019)

Number of Employees

16,939 (consolidated basis) (as of March 31, 2019)

Total Assets

250,617 million yen (as of March 31, 2019)

Equity65,321 million yen (as of March 31, 2019)

Fiscal Year-End

March 31

Head Office

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

Naokazu Kurihara Akira Suzuki

Shinichi Takada

Kazuyoshi Hayashi Akihiko Terada

Osamu Muraoka Junko Koshino

Yuji Hamasaki

Stock Information
Director of the Board
Takao Tsuji

Masaki Imai

Yoshio Sonoda

Representative Director of the Board, Chairman

Director of the Board

Director of the Board

Yasuyuki Abe*1

Masatoshi Miyamoto

Shinjiro Iwata*1

Director of the Board, Chairman of the Board

Director of the Board

Director of the Board

Shoichiro Eguchi

Masao Nomura

Yuji Hamasaki*1

Representative Director of the Board

Director of the Board

Director of the Board*1: External Director specified in Item 15, Article 2 of the Corporate Law

Audit & Supervisory Board Member
Satoshi Fujita

Takayoshi Sakamoto

Shojiro Asai*2

Nagaaki Ohyama*2

Audit & Supervisory Board Member

Audit & Supervisory Board Member

Audit & Supervisory Board Member

Audit & Supervisory Board Member*2: External Audit & Supervisory Board Member specified in Item 16, Article 12 of the Companies Act

Executive Oﬃcer●Shoichiro Eguchi
President and Chief Executive Officer (CEO)●Masaki Imai
Executive Vice President
Head of Administrative Division
COO EMEA (Europe, Middle East and Africa)
General Manager of Internal Governance Office●Masatoshi Miyamoto
Senior Managing Executive Officer
Chief Financial Officer (CFO)●Masao Nomura
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

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JVCKENWOOD Company Profile 2019

Takuya Arai

Akihiko Terada

Managing Executive Officer
General Executive of Automotive Aftermarket Business Division
COO APAC (Asia Pacific)

Executive Officer
COO China
Senior Executive of Automotive, China
Chairman of JVCKENWOOD Hong Kong Holdings Limited
Chairman of JVCKENWOOD Hong Kong Limited
Chairman of JVCKENWOOD (China) Investment Co., Ltd.

Naokazu Kurihara
Managing Executive Officer
COO Americas

Akira Suzuki
Managing Executive Officer
COO Public Service Sector

Shinichi Takada
Managing Executive Officer
Assistant to Head of Administrative Division(Corporate Strategy Department, Legal Affairs Department, Corporate Communication
Department, Group Governance Department, Brand Strategy Department )Kazuyoshi Hayashi
Executive Officer
COO Media Service Sector
General Executive of Media Business Division●Yoshio Sonoda
Executive Officer
Chief Technology 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

Osamu Muraoka
Executive Officer
General Executive of Communications Systems Division

Junko Koshino
Executive Officer
General Manager of Corporate Strategy Department

Ordinary General Meeting of Shareholders

In June each year

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 56,643 treasury shares) (as of March 31, 2019)
Total Number of Shareholders

47,154 (as of March 31, 2019)

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, 2019

As of March 31, 2019Japanesecompanies
3.94％

Treasury stock
0.03％

Securities
companies
4.47%

Financial
institutions
28.71%

Individuals
and others
26.22%

Foreigncompanies
36.63%

Number of stocks held
(thousands)

Ratio ofshareholding(%)

Japan Trustee Services Bank, Ltd. (trust account)

14,075

8.58

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

8,932

5.45

Japan Trustee Services Bank, Ltd. (trust account 9)

7,701

4.70

DENSO Corporation

4,171

2.54

THE BANK OF NEW YORK MELLON 140044

3,780

2.30

GOVERNMENT OF NORWAY

3,413

2.08

GOLDMAN SACHS INTERNATIONAL

3,295

2.01

JPMC GOLDMAN SACHS TRUST JASDEC LENDING ACCOUNT

3,278

2.00

J. P. MORGAN BANK LUXEMBOURG S. A. 1300000

3,101

1.89

DFA INTL SMALL CAP VALUE PORTFOLIO

3,054

1.86

Name

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

● : Concurrently serving as Director of the Board.
JVCKENWOOD Company Profile 201917