Having experienced respective structural reforms, and using this management integration as a new growth strategy, both companies will be revitalized as a specialized manufacturer composed of a joint holding company and three operating companies, with the goal to create and grow unique (unconventional) added value.
Specifically, in accordance with the following management policies, JVC KENWOOD Holdings will maximize synergies and develop new businesses. Meanwhile the operating companies, namely JVC, Kenwood and J&K Car Electronics, will execute their respective business strategies.
Through the new framework of consolidated management which a joint holding company governs, we will evolve the corporate foundations that both companies have built into a new corporate foundation to survive in the digital era, and meanwhile to maximize synergy effect in the common businesses at an early date.
We will enhance business competitiveness in our primary genres through the effects of integration and accelerate the growth of each business through the “Genre Top Strategy,” which enhances our global leadership in multiple genres.
As a consolidated corporate entity, we will create completely new products and services that integrate our technologies and resources at high levels and create unique (unconventional) added value.
To survive the ongoing worldwide economic crisis, the Group is striving to generate funds and complete structural reforms, to redistribute management resources to promising business fields in order to shift its business stage from survival to growth at an early date, and implement measures for future growth.
JVC Kenwood considers it one of the most important managerial issues to provide shareholders with stable returns on their investments, and will decide on details such as the distribution of retained earnings by comprehensively taking into account profitability and financial conditions.
