Progress on VISION 2023 and Formulation of VISION 2025
Achieved key performance indicators (KPIs) for FY2023 ahead of schedule in FY2022. On the other hand, the business environment surrounding our company has changed significantly.
VISION 2023 Achieving Key Performance Indicators
Changes in the Business Environment
(KPIs) Ahead of Schedule
Surrounding Our Company
Revenue
Core
operating
income*
ROE
Equity capital
ratio
Debt-to-
equity ratio (D/E ratio)
FY2023
FY2022
targets
results
◼
Review of supply chains due to
320 billion
336.9
increased geopolitical risks
yen
billion yen
◼
Uncertainty over global
12 billion yen
15.8
economic trends, including
or more
billion yen
sudden foreign exchange
10% or more
18.2%
fluctuations
30% or more
33.0%
◼
Initiatives to address climate
change, natural disasters and
1.0 or less
0.63
decarbonization
A New Medium-Term Management Plan "VISION 2025" -strengthening the basic strategy of "Change for Growth" from the perspective of maximizing corporate value-
*Core operating income is calculated by deducting cost of sales, selling and general administrative expenses from revenue, and does not
2
include other income, other expenses
Recognition of External Environment
Accurately understand changes and risks in the business environment during the period of the new medium-term plan, reflect them in VISION 2025 measures, and further evolve "Change for Growth"
Business model
Higher
innovation with
geopolitical
new
risks
technologies
and tensions
Climate change
Acceleration of
Natural
digitization
disasters
Carbon neutral
Uncertain global economic trends
Supply chain
disruptions
3
Positioning of VISION 2025
Vision 2020
Evolve to a
customer
value
creation company
VISION 2023
VISION 2025
Change for Growth
Accelerate
growth
momentum
Maximize corporate
Build a
value by further
evolving "Change for
profitable
Growth" and optimizing
revenue
the business portfolio
base
Long-term vision
Our Philosophy
Creating
excitement and
peace of mind for the people of the world
Becoming an excellent company with strength and toughness
Sustainable growth in corporate value
4
Structure of JVCKENWOOD's Corporate Philosophy,
Management Principles and Values
Strive for sustainable growth by sharing our group's corporate philosophy with all stakeholders through its inclusion in the articles of incorporation
Corporate
Philosophy
Management
Principles
4 Values
Corporate Philosophy
Creating excitement and peace of mind for the people of the world
Management Principles
Creating value through Monozukuri
Building a corporate culture that adapts and embraces change
Investing in people to strengthen capabilities and push boundaries
4 Values
ChangeCreate
Earning Power
Connect
5
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Disclaimer
JVC KENWOOD Corporation published this content on 27 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 May 2023 07:39:04 UTC.
JVCKENWOOD Corp is a Japan-based company mainly engaged in the manufacture and sale of products related to mobility & telematics service field, public service field and media service field. The Company operates in three business segments. The Mobility & Telematics Service Field segment is engaged in the manufacture and sale of audio/visual (AV) systems, car navigation systems, drive recorders and in-vehicle devices. The Public Service Field segment is engaged in the manufacture and sale of commercial wireless equipment, professional video surveillance equipment, professional audio equipment and medical image display monitors. The Media Service Field segment is engaged in the manufacture and sale of professional video cameras, projectors, headphones, consumer video cameras, home audio, as well as contract business for contents such as audio and video software. The Company also offers service parts and others.
JVCKENWOOD CORPORATION 
