Last ¥246.00 JPY
Change Today -2.00 / -0.81%
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jvc kenwood corp (6632) Snapshot

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05/22/13 - ¥307.00
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11/11/13 - ¥159.00
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jvc kenwood corp (6632) Details

JVC KENWOOD Corporation is engaged primarily in car electronics, professional systems, home and mobile electronics, and entertainment businesses. The company’s Car Electronics segment manufactures and sells car audio products, car AV systems, car navigation systems, and related products. Its Professional Systems segment offers land mobile radio equipment, video surveillance equipment, video and audio equipment, and display equipment. The company’s Home and Mobile Electronics segment manufactures and sells camcorders, projectors, displays, home audio systems, headphones, and AV accessories. Its Entertainment segment is involved in the planning, production, and sale of music and video software; and manufacture of CDs, DVDs, and BDs. The company’s Others segment is engaged in recording media, interior furniture, and other activities. It also produces, sells, and processes painted plastic parts for cars. JVC KENWOOD Corporation sells its products in Japan, the United States, Europe, rest of Asia, and internationally. The company was formerly known as JVC KENWOOD Holdings, Inc. and changed its name to JVC KENWOOD Corporation in August 2011. JVC KENWOOD Corporation was founded in 1927 and is headquartered in Yokohama, Japan.

12,781 Employees
Last Reported Date: 06/25/13
Founded in 1927

jvc kenwood corp (6632) Top Compensated Officers

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jvc kenwood corp (6632) Key Developments

JVC KENWOOD Corporation Renews Supplier Contract with McLaren Mercedes F1 Team

JVC KENWOOD Corporation announced that it has renewed its official supplier contract with the McLaren Mercedes F1 Team to supply wireless radio systems distributed under the KENWOOD brand. KENWOOD will supply the new ‘NEXEDGE’ Series of professional digital radio systems. During the 2014 season, KENWOOD will continue to supply digital wireless radio systems used for communication among drivers and team members, as well as provide full-scale technical support through its professional staff. Starting from the 2014 season, KENWOOD will supply new customized digital wireless radio systems designed specifically for the McLaren Mercedes F1 Team based on KENWOOD's NEXEDGE professional digital radio systems lineup. In addition, KENWOOD is offering new model headsets for team staff. Developed and manufactured specifically for the McLaren Mercedes F1 Team, these headsets provide superior sound insulation and durability, as well as comfort when worn for long periods. In its partnership with the McLaren Mercedes F1 Team going forward, KENWOOD will contribute to the success of the team by proposing digital wireless radio systems with which company make the best use of cutting-edge radio technologies; along with expertise company have accumulated from R&D activities.

JVC Kenwood Corporation Announces Financial Results for the Nine Months Ended December 31, 2013

JVC Kenwood Corporation announced financial results for the nine months ended December 31, 2013. The company reported that net loss for the nine months ended December 31, 2013 was JPY 5.7 billion, or JPY 41.10 loss per share, compared to a net loss of JPY 1.45 billion, or JPY 10.44 loss per share, for the same period ended December 31, 2012. Net sales for the nine months ended December 31, 2013 were JPY 230.3 billion, compared to JPY 224.45 billion for the same period ended December 31, 2012. Gross profit for the nine months ended December 31, 2013 was JPY 58.56 billion, compared to JPY 65.48 billion for the same period ended December 31, 2012. Operating loss for the nine months ended December 31, 2013 was JPY 1.67 billion, compared to an operating income of JPY 4.78 billion for the same period ended December 31, 2012.

JVC Kenwood Corp. to Cut 400 Jobs

JVC Kenwood Corp. said that it will cut 400 jobs through an early retirement program. The number accounts for about 10% of some 4,200 employees the company had as of the end of September 2013. The company will book JPY 3.5 billion in costs related to the program as an extraordinary loss in fiscal 2013, which ends in March. The company expects the job cut will reduce its annual fixed costs by JPY 4.5 billion. The retirement program covers managerial employees aged 45 or over.


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