JVCKenwood

Last updated
JVCKenwood Corporation
Native name
株式会社JVCケンウッド
Romanized name
Kabushiki gaisha Jei bui shi Ken-uddo
FormerlyJVC Kenwood Holdings, Inc. (2008–2011)
Type Public
TYO: 6632
Industry Electronics
FoundedOctober 1, 2008;12 years ago (2008-10-01)
(as a merger between Kenwood Corporation and Victor Company of Japan, Ltd)
Headquarters,
Key people
Haruo Kawahara (Chairman)
Takao Tsuji (President)
ProductsAudio, visual, computer-related electronics and software, media products
Brands
RevenueDecrease2.svg JP¥274 billion (2021)
Increase2.svg JP¥4.9 billion (2021)
Number of employees
Non-consolidated: 2,987, Consolidated: 18,051 (2017) [1]
Subsidiaries
Website www.jvckenwood.com

JVCKenwood Corporation (株式会社JVCケンウッド, Kabushiki-gaisha JVC Ken'uddo), stylized as JVCKENWOOD, is a Japanese multinational electronics company headquartered in Yokohama, 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.

Contents

History

On October 1, 2008, Victor Company of Japan, Ltd (JVC) and Kenwood Corporation agreed to and 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]

Units

Brands

Subsidiaries

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References

  1. "Corporate Data | Corporate Information | JVCKENWOOD Corporation". Jvckenwood.com. 31 March 2021. Retrieved 24 August 2021.
  2. "Notice of the Establishment of JVC KENWOOD Holdings, Inc" (PDF). www.jvckenwood.com. 1 October 2008. Retrieved 24 August 2021.
  3. "JVC Kenwood to end domestic camcorder production". www.reuters.com. Retrieved 24 August 2021.
  4. "Notice on Changes Trade Name, Logo, Website URL and E-Mail Address" (PDF). www.jvckenwood.com. 29 July 2011. Retrieved 24 August 2021.
  5. "Notice on Merger of JVC KENWOOD and Its Three Subsidiaries" (PDF). www.jvckenwood.com. 1 August 2011. Retrieved 24 August 2021.
  6. "Announcement on Completion of Acquisition of North American Professional Wireless Systems Company (Conversion to Subsidiary)" (PDF). www.jvckenwood.com. 25 March 2014. Retrieved 24 August 2021.
  7. "Tait Communications to partner with JVCKENWOOD". www.taitradio.com. 10 December 2018. Retrieved 24 March 2021.