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JVCKenwood - Wikipedia

From Wikipedia, the free encyclopedia

Japanese multinational electronics company

JVCKenwood Corporation

Corporate headquarters in suburban

Yokohama

, 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 Founded October 1, 2008; 16 years ago (2008-10-01)
(as a merger between Kenwood Corporation and Victor Company of Japan, Ltd) Headquarters Yokohama ,

Japan

Key people

Haruo Kawahara (chairman)
Takao Tsuji (president) Products Audio, visual, computer-related electronics and software, media products Brands 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 Website jvckenwood.com

JVCKenwood Corporation (株式会社JVCケンウッド, Kabushiki-gaisha Jē bui shi Ken'uddo), 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.

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]


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