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Consumer Durables

JVCKenwood 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 2021 JPYUSD
Revenue273,609M2,579.81M
Gross Profit70,281M662.66M
Operating income7,474M70.47M
Income before tax4,306M40.60M
Net income2,155M20.31M
EBITDA26,790M252.59M
Diluted EPS13.130.12
Dividends Per Share50.04
Total Assets264,326M2,392.09M
Total liabilities195,799M1,771.93M
Total equity64,645M585.02M
Operating cash flow35,829M337.82M
Currency in JPYCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 297,890M 300,687M 307,627M 291,304M 273,609M
Gross Profit 78,478M 79,541M 81,805M 74,742M 70,281M
Operating income 6,362M 6,353M 8,653M 5,685M 7,474M
Income before tax -1,259M 5,940M 6,401M 2,877M 4,306M
Net income -3,114M 2,390M 3,847M 955M 2,155M
EBITDA 21,779M 23,215M 26,447M 25,884M 26,790M
Diluted EPS -22.41 17.19 24.95 5.81 13.13
Dividends Per Share 5 6 6 5 5
Total Assets 241,696M 239,933M 250,617M 249,660M 264,326M
Total liabilities 196,456M 186,142M 185,291M 189,658M 195,799M
Total equity 39,551M 50,634M 62,009M 56,485M 64,645M
Operating cash flow 19,624M 18,379M 20,983M 21,642M 35,829M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 2,750.91M 2,712.98M 2,774.04M 2,679.25M 2,579.81M
Gross Profit 724.71M 717.66M 737.68M 687.43M 662.66M
Operating income 58.75M 57.32M 78.02M 52.28M 70.47M
Income before tax -11.62M 53.59M 57.72M 26.46M 40.60M
Net income -28.75M 21.56M 34.69M 8.78M 20.31M
EBITDA 201.12M 209.46M 238.48M 238.06M 252.59M
Diluted EPS -0.20 0.15 0.22 0.05 0.12
Dividends Per Share 0.04 0.05 0.05 0.04 0.04
Total Assets 2,169.03M 2,256.06M 2,264.23M 2,312.63M 2,392.09M
Total liabilities 1,763.04M 1,750.27M 1,674.03M 1,756.82M 1,771.93M
Total equity 354.94M 476.10M 560.22M 523.22M 585.02M
Operating cash flow 181.22M 165.82M 189.21M 199.05M 337.82M

Valuation Measures

Mar 2021
PER16.74
ROA0.83%
ROE3.55%
Operating margin2.73%
Profit margin0.78%

Key executives

  • Executive President, CEO & Representative Director: Shoichiro Eguchi
  • Chief Financial Officer & Representative Director: Masatoshi Miyamoto
  • Director & Chief Technology Officer: Yoshio Sonoda
  • Representative Director & Head-Business Reform: Masao Nomura
  • Director & Senior Managing Executive Officer: Akira Suzuki

Shareholders

  • Nomura Asset Management Co., Ltd. (5.5%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (4.9%)
  • Dimensional Fund Advisors LP (3.2%)
  • The Vanguard Group, Inc. (2.4%)
  • Nikko Asset Management Co., Ltd. (1.7%)
  • Daiwa Asset Management Co. Ltd. (1.6%)
  • Goldman Sachs Asset Management International (1.4%)
  • Norges Bank Investment Management (1.4%)
  • Goldman Sachs Asset Management LP (1.0%)
  • Charles Schwab Investment Management, Inc. (0.8%)

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

  • Motorola Solutions, Inc.
  • Sonim Technologies, Inc.
  • Vidente Co. Ltd.
  • Coretronic Corporation
Last Updated on 21 Oct, 2021

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