JVCKenwood explained

JVCKenwood Corporation
Native Name:株式会社JVCケンウッド
Native Name Lang:ja
Romanized Name:Kabushiki gaisha Jē bui shi Ken'uddo
Former Name:JVC Kenwood Holdings, Inc. (2008–2011)
Type:Public
Foundation:
Location City:Yokohama
Location Country:Japan
Key People:Haruo Kawahara (chairman)
Takao Tsuji (president)
Industry:Electronics
Products:Audio, visual, computer-related electronics and software, media products
Num Employees:Non-consolidated: 2,987, Consolidated: 18,051 (2017)[1]
Revenue: JP¥274 billion (2021)
Net Income: JP¥4.9 billion (2021)

, stylized as JVCKENWOOD, is a Japanese multinational electronics company headquartered in Yokohama, Kanagawa Prefecture, Japan. It was formed from the merger of Victor Company of Japan, Ltd. (JVC) and Kenwood Corporation on October 1, 2008. Upon creation, Haruo Kawahara of Kenwood was the holding company's chairman, while JVC President Kunihiko Sato was the company's president. JVCKenwood focuses on car and home electronics, wireless systems for the worldwide consumer electronics market, professional broadcast, CCTV and digital and analogue two-way radio equipment and systems.

History

On October 1, 2008, Victor Company of Japan, Ltd (JVC) and Kenwood Corporation signed an agreement to integrate their management through the establishment of a joint holding company (stock transfer). The joint holding company was named JVC Kenwood Holdings, Inc.[2]

On Monday, May 31, 2010, JVC Kenwood announced that it would end camcorder production in Japan by March 2011 and shift production overseas to cut losses.[3]

On August 1, 2011, JVC Kenwood Holdings, Inc. was renamed to JVCKenwood Corporation[4] and an absorption-type merger was finalized for the JVC and Kenwood subsidiaries, which occurred two months later.[5] The absorption merger ended the separated operation of two companies.

On March 25, 2014, JVCKenwood acquired 100% ownership of EF Johnson Technologies, in order to "increase its P25 North American public safety and professional LMR system market share". EF Johnson became a wholly owned subsidiary.[6]

On December 10, 2018, JVCKenwood acquired 40% ownership of Tait Communications.[7]

In 2020, JVCKenwood Launched its first virtual reality headset for entertainment experiences.[8]

In 2023, JVCKenwood streamlined its finance operations by automating processes on a unified Oracle Cloud platform.[9]

Units

Brands

Subsidiaries

Notes and References

  1. Web site: Corporate Data | Corporate Information | JVCKENWOOD Corporation . Jvckenwood.com . 31 March 2021 . 24 August 2021.
  2. Web site: Notice of the Establishment of JVC KENWOOD Holdings, Inc.. www.jvckenwood.com. 1 October 2008. 24 August 2021.
  3. News: JVC Kenwood to end domestic camcorder production. www.reuters.com. 26 May 2010. 24 August 2021.
  4. Web site: Notice on Changes Trade Name, Logo, Website URL and E-Mail Address. www.jvckenwood.com. 29 July 2011. 24 August 2021.
  5. Web site: Notice on Merger of JVC KENWOOD and Its Three Subsidiaries. www.jvckenwood.com. 1 August 2011. 24 August 2021.
  6. Web site: Announcement on Completion of Acquisition of North American Professional Wireless Systems Company (Conversion to Subsidiary). www.jvckenwood.com. 25 March 2014. 24 August 2021.
  7. Web site: Tait Communications to partner with JVCKENWOOD . www.taitradio.com. 10 December 2018. 24 March 2021.
  8. Web site: Hayden . Scott . 2021-02-16 . JVC to Launch 120-degree FOV XR Headset for Enterprise Next Month . 2024-01-05 . Road to VR . en-US.
  9. Web site: Japan's electronics firm JVCKENWOOD automates finance processes . 2024-01-05 . iTnews Asia.