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JVCKenwood

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Japanese multinational electronics company

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JVCKenwood Corporation

Corporate headquarters in suburbanYokohama, Japan
Native name	株式会社JVCケンウッド
Romanized name	Kabushiki gaisha Jē bui shi Ken'uddo
Formerly	JVC Kenwood Holdings, Inc. (2008–2011)
Company type	Public
Traded as	TYO:6632
Industry	Electronics
Predecessor	Victor Company of Japan, Ltd. Kenwood Corporation
Founded	1 October 2008; 17 years ago (2008-10-01)
Headquarters	Yokohama , Japan
Key people	Haruo Kawahara (chairman)Takao Tsuji (president)
Products	Audio, visual, computer-related electronics and software, media products
Brands	JVC Kenwood Victor
Revenue	JP¥274 billion (2021)
Operating income	21,634,000,000 yen (2023)
Net income	JP¥4.9 billion (2021)
Total assets	299,000,000,000 yen (2023)
Number of employees	Non-consolidated: 2,987, Consolidated: 18,051 (2017)^[1]
Subsidiaries	EF Johnson Technologies Victor Entertainment
Website	jvckenwood.com

JVCKenwood Corporation (株式会社JVCケンウッド,Kabushiki-gaisha Jē bui shi Ken'uddo), stylized asJVCKENWOOD, is a Japanesemultinational electronics company headquartered inYokohama, Kanagawa Prefecture,Japan. It was formed from the merger ofVictor Company of Japan, Ltd. (JVC) andKenwood Corporation on 1 October 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 worldwideconsumer electronics market, professional broadcast,CCTV and digital and analoguetwo-way radio equipment and systems.

History

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On 1 October 2008, Victor Company of Japan, Ltd (JVC) andKenwood 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 31 May 2010, JVC Kenwood announced that it would end camcorder production in Japan by March 2011 and shift production overseas to cut losses.^[3]

On 1 August 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 25 March 2014, JVCKenwood acquired 100% ownership ofEF 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 10 December 2018, JVCKenwood acquired 40% ownership ofTait 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 unifiedOracle Cloud platform.^[9]

Units

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Brands

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JVC – consists of audio equipment, cameras, medical monitors, security utilities and projectors. Known for producing the first television for the Japanese market in 1939 and developed the video home system (VHS) in the early 1970s.
Kenwood – consists of in-car devices, hi-fi home and personal audio equipment, professionaltwo-way radio communication equipment, as well as theamateur radio equipment.
Victor – consists of audio equipment for the high-end segment.