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Consumer Durables

JVC Kenwood Corp.

Business Summary

JVCKenwood Corp. engages in the design, manufacture, and sale of automotive products, home appliances, and wireless systems devices. It operates through the following segments: Automotive, Public Service, Media Service and Others. The Automotive segment manufactures and sells car audio systems, car navigation systems, drive recorders, and in-vehicle devices. The Public Service segment handles the manufacture and sales of professional wireless equipment, professional video surveillance equipment, professional audio equipment, and medical image display monitors. The Media Service segment includes the manufacture and sale of professional video cameras, projectors, headphones, consumer video cameras, home audio, audio and video software, and contracted business such as CD or DVD (package software). The Others segment covers service parts. The company was founded on October 1, 2008 and is headquartered in Yokohama, Japan.

Financial Highlights

Mar 2020 JPYUSD
Revenue291,304M2,679.25M
Gross Profit74,742M687.43M
Operating income5,685M52.28M
Income before tax2,877M26.46M
Net income955M8.78M
EBITDA25,884M238.06M
Diluted EPS5.810.05
Dividends Per Share50.04
Total Assets249,660M2,312.63M
Total liabilities189,658M1,756.82M
Total equity56,485M523.22M
Operating cash flow21,642M199.05M
Currency in JPYCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 292,195M 297,890M 300,687M 307,627M 291,304M
Gross Profit 81,438M 78,478M 79,541M 81,805M 74,742M
Operating income 4,494M 6,362M 6,353M 8,653M 5,685M
Income before tax 4,148M -1,259M 5,940M 6,401M 2,877M
Net income 3,401M -3,114M 2,390M 3,847M 955M
EBITDA 16,728M 21,779M 23,215M 26,447M 25,884M
Diluted EPS 24.51 -22.41 17.19 24.95 5.81
Dividends Per Share 5 5 6 6 5
Total Assets 256,334M 241,696M 239,933M 250,617M 249,660M
Total liabilities 198,769M 196,456M 186,142M 185,291M 189,658M
Total equity 52,324M 39,551M 50,634M 62,009M 56,485M
Operating cash flow 12,258M 19,624M 18,379M 20,983M 21,642M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 2,433.24M 2,750.91M 2,712.98M 2,774.04M 2,679.25M
Gross Profit 678.17M 724.71M 717.66M 737.68M 687.43M
Operating income 37.42M 58.75M 57.32M 78.02M 52.28M
Income before tax 34.54M -11.62M 53.59M 57.72M 26.46M
Net income 28.32M -28.75M 21.56M 34.69M 8.78M
EBITDA 139.30M 201.12M 209.46M 238.48M 238.06M
Diluted EPS 0.20 -0.20 0.15 0.22 0.05
Dividends Per Share 0.04 0.04 0.05 0.05 0.04
Total Assets 2,280.65M 2,169.03M 2,256.06M 2,264.23M 2,312.63M
Total liabilities 1,768.48M 1,763.04M 1,750.27M 1,674.03M 1,756.82M
Total equity 465.53M 354.94M 476.10M 560.22M 523.22M
Operating cash flow 102.07M 181.22M 165.82M 189.21M 199.05M

Valuation Measures

Mar 2020
PER33.51
ROA0.38%
ROE1.61%
Operating margin1.95%
Profit margin0.32%

Key executives

  • President, CEO & Representative Director: Shoichiro Eguchi
  • Chief Financial Officer & Director: Masatoshi Miyamoto
  • Director & Chief Technology Officer: Takeo Sonoda
  • Director, EVP & Manager-Internal Control: Masaki Imai
  • Executive Vice President: Kazuhiro Aigami

Shareholders

  • Nomura Asset Management Co., Ltd. (6.5%)
  • Sumitomo Mitsui DS Asset Management Co., Ltd. (4.3%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (4.0%)
  • Asset Management One Co., Ltd. (3.9%)
  • Dimensional Fund Advisors LP (3.4%)
  • The Vanguard Group, Inc. (2.9%)
  • Goldman Sachs Asset Management LP (2.6%)
  • DENSO Corp. (2.5%)
  • Norges Bank Investment Management (2.0%)
  • BlackRock Fund Advisors (1.4%)

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.
  • Coretronic Corporation
  • Sonim Technologies, Inc.
  • Vidente Co. Ltd.
  • YaGuang Technology Group Co. Ltd. Class A
Last Updated on 6 Aug, 2020

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