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Consumer Durables

JVC Kenwood Corp.

Business Summary

JVCKenwood Corp. is engaged in the design, manufacture, and sale of automotive products, home appliances, and wireless systems devices. It operates through the following segments: Car Electronics, Professional Systems, Home & Mobile Electronics, Entertainment and Others. The Car Electronics segment develops and supplies car audio, audio visual, and navigation systems. The Professional Systems segment offers land mobile radio, video surveillance, and commercial audio, video, and display equipment. The Home & Mobile Electronics segment consists of video cameras, light crystal display televisions, projectors, and pure audio and video accessories. The Entertainment segment develops music and video software. The Others segment includes radio frequency identification systems, weather satellite data reception systems, other electronic devices, radio media, and interior furniture. The company was founded on October 1, 2008 and is headquartered in Yokohama, Japan.

Financial Highlights

Mar 2019 JPYUSD
Revenue307,627M2,774.04M
Gross Profit81,805M737.68M
Operating income8,653M78.02M
Income before tax6,401M57.72M
Net income3,847M34.69M
EBITDA26,447M238.48M
Diluted EPS24.950.22
Dividends Per Share60.05
Total Assets250,617M2,264.23M
Total liabilities185,291M1,674.03M
Total equity62,009M560.22M
Operating cash flow20,983M189.21M
Currency in JPYCurrency in USD

Historical Data

 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 285,010M 292,195M 297,890M 300,687M 307,627M
Gross Profit 84,961M 81,438M 78,478M 79,541M 81,805M
Operating income 6,757M 4,494M 6,362M 6,353M 8,653M
Income before tax 6,816M 4,148M -1,259M 5,940M 6,401M
Net income 4,795M 3,401M -3,114M 2,390M 3,847M
EBITDA 17,758M 16,728M 21,779M 23,215M 26,447M
Diluted EPS 34.58 24.51 -22.41 17.19 24.95
Dividends Per Share 5 5 5 6 6
Total Assets 279,041M 256,334M 241,696M 239,933M 250,617M
Total liabilities 199,279M 198,769M 196,456M 186,142M 185,291M
Total equity 72,321M 52,324M 39,551M 50,634M 62,009M
Operating cash flow 8,575M 12,258M 19,624M 18,379M 20,983M
 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 2,594.38M 2,433.24M 2,750.91M 2,712.98M 2,774.04M
Gross Profit 773.38M 678.17M 724.71M 717.66M 737.68M
Operating income 61.50M 37.42M 58.75M 57.32M 78.02M
Income before tax 62.04M 34.54M -11.62M 53.59M 57.72M
Net income 43.64M 28.32M -28.75M 21.56M 34.69M
EBITDA 161.64M 139.30M 201.12M 209.46M 238.48M
Diluted EPS 0.31 0.20 -0.20 0.15 0.22
Dividends Per Share 0.04 0.04 0.04 0.05 0.05
Total Assets 2,326.79M 2,280.65M 2,169.03M 2,256.06M 2,264.23M
Total liabilities 1,661.69M 1,768.48M 1,763.04M 1,750.27M 1,674.03M
Total equity 603.05M 465.53M 354.94M 476.10M 560.22M
Operating cash flow 78.05M 102.07M 181.22M 165.82M 189.21M

Valuation Measures

Mar 2019
PER10.72
ROA1.56%
ROE6.83%
Operating margin2.81%
Profit margin1.25%

Key executives

  • Executive President, COO & Representative Director: Shoichiro Eguchi
  • CFO, Director & Senior Managing Executive Officer: Masatoshi Miyamoto
  • Director & Chief Technology Officer: Yasuyuki Tanida
  • Executive Vice President: Kazuhiro Aigami
  • Executive Officer: Akira Suzuki

Shareholders

  • Sumitomo Mitsui DS Asset Management Co., Ltd. (5.8%)
  • Nomura Asset Management Co., Ltd. (4.7%)
  • Asset Management One Co., Ltd. (3.9%)
  • Dimensional Fund Advisors LP (3.3%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (2.8%)
  • The Vanguard Group, Inc. (2.5%)
  • DENSO Corp. (2.5%)
  • Goldman Sachs Asset Management LP (2.2%)
  • Norges Bank Investment Management (2.0%)
  • BlackRock Fund Advisors (1.5%)

Contact Details

Related Companies

  • Rein Medical GmbH
  • JVC Kenwood Victor Entertainementc Corp.
  • Radio Activity S.r.l.
  • JVCKENWOOD Canada, Inc.
  • JVCKENWOOD Electronics (Thailand) Co. Ltd.
  • JVCKENWOOD Ukraine LLC
  • JVCKenwood Latin America SA
  • JVC KENWOOD do Brasil Comercio de Eletronicos Ltda.
  • JVCKENWOOD Procurement Center (HK) Ltd.
  • JVCKENWOOD France SAS
  • "JVC KENWOOD RUS" LLC
  • JVCKENWOOD Nederland BV
  • JVCKENWOOD Technologies Sigapore Pte Ltd.
  • JVCKenwood Belgium NV
  • JVCKENWOOD Thailand Co. Ltd.
  • Beijing JVC AV Equipment Co. Ltd.
  • JVCKENWOOD Italia SpA
  • JVCKENWOOD Hong Kong Ltd.
  • JVCKENWOOD USA Corp.
  • Victor Data Systems Co., Ltd.
  • JVC Kenwood Nagaoka KK
  • JVCKENWOOD Gulf FZE
  • JVC Professional Products Italia SpA
  • JVC Latin America SA
  • JVC Professional Products Canada, Inc.
  • JVC Logistics Europe NV
  • JVC Optical Components (Thailand) Co. Ltd.
  • Zetron Australasia Pty Ltd.
  • Zetron UK Ltd.
  • Kenwood Electronics Trading (Shanghai) Co. Ltd.

Competitors

  • VOXX International Corporation Class A
  • Motorola Solutions, Inc.
  • Canon Inc.
  • Aerospace Communications Holdings Co., Ltd. Class A
  • Vidente Co. Ltd.
  • Sonim Technologies, Inc.
Last Updated on 11 Oct, 2019

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