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Corporate History

July, 2007

JVC and KENWOOD executed the capital business alliance agreement primarily on commencement of the examination of management integration of the two companies.

JVC implemented a capital increase by third-party allotment subscribed to by KENWOOD and multiple investment funds operated by SPARX International (Hong Kong) Limited.

October, 2007

J&K Technologies Corp., a joint venture for technological development, was established through joint financing by JVC and KENWOOD, and cooperation was commenced.

May, 2008

JVC and KENWOOD reached agreement on management integration by establishment of joint holding company (share transfer), and executed Management Integration Agreement.

October, 2008

JVC KENWOOD Holdings, Inc. is established.

As of October 1, 2008, both companies implemented a company split (simplified absorption-type split or kan'i-kyushu-bunkatsu). The purpose is to pass on development and production of their Car Electronics business to J&K Technologies Corp.

December, 2008

JVC KENWOOD Holdings, Inc. and KENWOOD resolved to establish Kenwood Home Electronics Corporation through a company split (simplified establishment-type split or kanishinsetsu-bunkatsu).

Kenwood Home Electronics succeeded part of the rights and obligations in the Home Electronics business of KENWOOD regarding business operated by the Sales & Marketing Department and business related to product planning and product purchasing.

June, 2009

J&K Technologies Corp., its subsidiary, was renamed as J&K Car Electronics Corporation, and the product planning and marketing functions were integrated, to serve as a virtually independent operating company of the car electronics business. In addition, the organizational reforms have been made respectively to each of the operating companies: JVC and Kenwood.