Q&A: plz change the following text in your own words and finally please do the conclusion?
Question by Sssss D: plz change the following text in your own words and finally please do the conclusion?
Please change on your own words..
General Information
JVC Kenwood Holdings is a Japanese company based in Yokohama Japan. The company formed from the merger of Victor Company of Japan, Limited (JVC) and Kenwood Corporation (Kenwood) on October1, 2008. The company operates in five business segments. The car electronics segment manufactures and sells car audios, car audio and visual (AV) system, as well as car navigation system. The home& mobile electronics segment manufactures and sells video cameras, liquid crystal televisions, projectors, pure audios, stereo set and portable audios. The professional systems engaged in the manufacture and sale of business land mobile radio equipment, video surveillance equipment, commercial audio, video and display equipment. The entertainment segment is engaged in the plan, production and sale of music and video software, the manufacture of compact discs (CDs) and digital versatile discs (DVDs). The others segment is engaged in the manufacture and sale of radio frequency ID systems, weather satellite data reception systems, other electronic devices, etc. The company has 134 subsidiaries and 11 associated companies.
Integration purpose
Through the management integration JVC Kenwood expanding the scope of previous cooperative efforts, which were limited to such aspects of operations as development production and procurement in common business segments car electronics and home audio, to other existing business segments and facilitate expansion into new domains in addition to reinforcing such business activities as marketing and sales.
As for common businesses, the companies focusing the car electronics business into a strong profit center and increase the profitability of the Home Audio business by expanding the role of J&K Technologies to general procurement and manufacturing and ultimately, position the company as an operating company standing shoulder to shoulder with JVC and Kenwood.
Through such policy, both companies will maximize synergy and enhance unified global corporate value while creating new corporate value. Both companies striving to establish solid positions as world-leading manufacturers specializing in AV products.
Overview of the fiscal year
The global economy in the fiscal year under review continued to be stagnant, affected by the economic crisis that was sparked by the financial turmoil originating in the US. However, signs of recovery have become apparent in some industries as a result of aggressive economic measures taken by governments in a number of countries and economic growth in emerging countries.
Under such circumstances, operating results of the JVC Kenwood Group started recovering in the second quarter, after bottoming out in the first quarter. This was a result of efforts such as structural reforms that were implemented in the previous fiscal year and effect of the merger. The Group posted an operating profit in the fourth quarter for the first time since the third quarter of the previous fiscal year, posting a record profit after the management integration.
Net Sales
Net sales for the fiscal year under review were 398,663 million yen. This reflects the curtailment of the display segment in Europe and the slow recovery in sales in the camcorder segment of the Home&Mobile Electronics business as well as a delay in recovery of order-receiving in the Professional Systems business and shortage of hit movies and music in the Entertainment business. However, the Car Electronics business started recovering in the second quarter.
Net sales for the fourth quarter stood at 93,237 million yen, down only about 11.4 billion yen (10.9%) from a year earlier since the sales increase in the Car Electronics business partially made up for the sales decrease in the Home&Mobile Electronics business.
Compared with the third quarter of the fiscal year net sales decreased only by about 8.9 billion yen (8.7%) partly thanks to a sales recovery in the Professional Systems business.
Best answer:
Answer by Tom
I stopped doing other people’s homework 40 year ago.
Give your answer to this question below!