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Corporate Profile & Presentation JVC Contents n Victor Company of Japan n JVC Europe Company n Europe: Background information.

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Presentation on theme: "Corporate Profile & Presentation JVC Contents n Victor Company of Japan n JVC Europe Company n Europe: Background information."— Presentation transcript:

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2 Corporate Profile & Presentation JVC

3 Contents n Victor Company of Japan n JVC Europe Company n Europe: Background information

4 Victor Company of Japan Ltd Basic information n Founded in 1929 n Global HQ in Yokohama - Japan n Current President: Mr Takeo Shuzui n Turnover FY 1999: Yen 870 billion (consolidated) n Number of employees: u Japan: 11,000 u Overseas: 13,000

5 Victor Company of Japan Ltd n Sales Breakdown FY99 u Consumer: Y 585bn u Professional: Y 88bn u Components: Y 67bn u Entertainment: Y125bn u Others Y 5bn

6 The World is our Stage n JVC is a truely multinational company with sales, marketing and R & D facilities in Asia, Pacific, Europe, America and Africa n Manufacturing facilities can be found from Japan to Berlin and from USA to China n This global presence enables us to be at the forefront of rapidly changing Digital, Multi Media and Network age.

7 Company in Company Structure n From April 1, 2000 JVC announced reforms to its Group Structure, in order to seize further growth opportunities and enhance profitability in the new digital and network age. n Whilst enhancing its business areas, the new structure will simultaneously aim at a maximisation of shareholder value.

8 Company in Company Structure n The new 4 Business Based Companies: u AV & Multimedia Company u Component & Device Company u Media Products Company u Entertainment Software Company

9 Company in Company Structure n 3 Regional Companies were established at the same time: u Europe Company u Americas Company u Asia & Middle East Company

10 Company in Company Structure n Each of these companies has authority and clear responsibility in order to promote local management, accelerate decision making and maximise profitability. n Each company develops a package of marketing, development, production, sales and Customer Satisfaction guidelines, geared for local markets, businesses and regional areas

11 Technology Creator n AV & Multi Media Company u Home AV Network Business Unit u Personal & Mobile Network Business Unit u Communication Network Business Unit u Projection & System Network Business Unit u IT Network Division F AV & Multi Media Laboratory F VDR Development Department

12 Technology Creator n Component & Device Company u integrate global component manufacturing and marketing into 1 organisation n Media Products Company u Rinkan Centre: disc media u Mito Centre: recording media u Mastering Centre: new media, mastering & authoring u Business Development Centre: development of new business models for network age

13 Technology Creator n Entertainment Software Company u Victor Entertainment Inc. u Universal Victor Inc. u Techchiku Entertainment Inc. u Newly established “Victor Pictures Division” F Development of visual software business

14 Corporate Milestones n Since its creation in 1929, JVC has continued to develop groundbreaking new technologies, from the first vinyl records in Japan to the VHS system. u 2000: Introduction of ILA Projection TV u 1999: 1st manufacturer to introduce D-VHS to the market in Europe (US/Japan in 1997) u 1997: Introduction of the world’s first and smallest Digital Video Camera

15 Corporate Milestones u 1991: Introduction of Widescreen TV u 1982: Introduction of VHS-C format u 1976: Invention of VHS-system for home use u 1958: Development of 45/45 degrees groove system for stereo vinyl records u 1939: Japan’s first TV u 1930: Production of vinyl records and record players

16 Cultural Contributor n Culture comes in many shapes and forms. JVC supports the culture of “excitement”. n As a leading player in the global entertainment industry, JVC enables people all over the world to enjoy a range of cultural events and festivals

17 Cultural Contributor n JVC has been an Official Sponsor of UEFA and FIFA football events since 1980 u EURO2000 was a great success and expectations are high for the 2002 World Cup Japan/Korea. F Did you know that the final match of the next world cup will be played in Yokohoma, home of JVC?

18 Cultural Contributor n Sponsor of JVC Jazz Festivals since 1984 n JVC Tokyo Video Festival: u an international competition for video films created by professionals and amateurs n Kennedy Space Centre Visitor Complex

19 Europe Company JVC Europe Ltd

20 Europe Company n The JVC Europe Company was formally established on April 1, 2000 u President: Kunihiko Sato n Maximise local strengths and autonomy u faster response to changing markets u further improvement of marketshares u expanding sales and profit

21 Organisation Chart

22 Sales & Marketing Organisation n A fundamental role in the sales and marketing of JVC products and services in Europe is full-filled by its network of wholly-owned Subsidiaries and Distributors u consumer and professional products F sales & marketing support F after sales support F servicing

23 Sales & Marketing Organisation Red: JVC Subsidiary Yellow: JVC Distributor Representative Office

24 Position in Europe n The consumer electronics industry in Europe continues to experience tough trading conditions in Europe u increased competition u accelerated price erosion u stable/declining markets (HiFi, CTV, VCR) n In this environment, JVC has increased its marketshare steadily over recent years u No. 4 in Europe with marketshare > 5.3%

25 CE33 Marketshare JVC in Europe Source: GfK Market Share JVC in Europe (10), value base, Feb-July 2000

26 European Awards n JVC’s leading edge technology and design continues to be recognised by Europe’s leading specialist magazines u EISA and TIPA Awards are voted annually by leading journalists from Europe’s Photo, Video, Audio and Home Entertainment Magazines

27 European Awards n During the last 4 years, JVC products were voted “European product of the Year” for not less than 12 times” u 10 EISA Awards u 2 TIPA Awards n For 2000/2001 JVC recently received: u EISA: European VCR of the Year: HR-S9700 u EISA: European Home Theatre System of the Year: TH-A10R

28 Manufacturing in Europe n Underlining its prime position in the European CE market, JVC has 2 large manufacturing facilities in Europe u JVC Manufacturing UK (Scotland): Production of CTVs and professional monitors for European market u JVC Video Europe (Berlin): Production of VCRs for European market

29 Logistics in Europe n In addition to the 2 manufacturing facilities in Europe, which are both capable of distribution directly to our key retailer’s warehouses/distribution centres, JVC also opened recently a brand new, state-of-the- art European Logistics centre & warehouse in Boom, near Antwerp u > 15,000 sq.m.

30 JVC Pro Systems n In addition to “traditional” consumer electronics products, JVC is also a leading player in the Pro Systems Field n Production & Post Production u Cameras, Camcorders, VTR, Displays, Monitor, Non-Linear Editing Systems n Security & CCTV Systems u CCTV cameras, domes, VCRs,.

31 JVC Pro Systems n Display & Presentation u LCD, Plasma, D-ILA and CRT display and monitor systems n Network & Storage Solutions u Optical Disc libraries, Wireless LAN, n Duplicators

32 JVC Component & Devices n Although not immediately visible to the eye, JVC is one of the largest manufacturers of key components and devices for the electronics, IT and Telecom industries n Products include: u optical pickup for CD/DVD, video heads and drums, deflection yokes, high density multi layer build-up PWB, high precision motors

33 JVC Companies across Europe n JVC Europe Ltd u Headquarters JVC Europe Company u Head Office: London u President: Mr K. Sato u Established: April 1998 u Number of staff: 42 u

34 JVC Companies across Europe n JVC UK Ltd u Sales & Marketing company for the UK and Ireland u Head Office: London u Satellite offices: Dublin and Leeds u President: Mr N. Tachikawa u Established: Aug u Number of staff: 171 u

35 JVC Companies across Europe n JVC France S.A. u Sales & Marketing company for France u Head Office: Carrieres-sur-Seine (Paris) u President: Mr N. Takeuchi u Established: Oct (merger of JVC Audio France and JVC Video France) u Number of staff: 124 u

36 JVC Companies across Europe n JVC Deutschland GmbH u Sales & Marketing company for Germany u Head Office: Friedberg (Hessen) nr. Frankfurt u President: Mr H. Yoshida u Established: Mar u Number of staff: 101 u

37 JVC Companies across Europe n JVC Austria GmbH u Sales & Marketing company for Austria u Head Office: Vienna u President: Mr A. Lassner u Established: Jun u Number of staff: 26 u

38 JVC Companies across Europe n JVC Nederland BV u Sales & Marketing company for the Netherlands u Head Office: Leiden u President: Mr J. Shimada u Established: Mar u Number of staff: 70 u

39 JVC Companies across Europe n JVC Belgium S.A. u Sales & Marketing company for Belgium and Luxembourg u Head Office: Brussels u President: Mr J. Swaelens u Established: Mar u Number of staff: 60 u

40 JVC Companies across Europe n JVC Italia Spa. u Sales & Marketing company for Italy u Head Office: Milan u President: Mr D. Fujii u Established: Apr u Number of staff: 30 u

41 JVC Companies across Europe n JVC Espana S.A. u Sales & Marketing company for Spain, Andorra and Balearic and Canaric isles u Head Office: Barcelona u President: Mr Y. Eguchi u Established: Apr u Number of staff: 87 u

42 JVC Companies across Europe n JVC Svenska AB / JVC Scandinavia AB u JVC Svenska: Sales and Marketing company for Sweden u JVC Scandinavia: Regional HQ for Nordic markets: Sweden, Norway, Denmark u Head Office: Jarfalla - Stockholm u President: Mr M. Horikoshi u Established: JVC Svenska: 1982 and JVC Scandinavia: 2000 u Number of staff: JVC Svenska: 33 and JVC Scandinavia: 2

43 JVC Companies across Europe n JVC Norge A/S u Sales and Marketing company for Norway u Head Office: Tonsberg u President: Mr J.W. Abrahamsen u Established: June 1984 u Number of staff: 28 u

44 JVC Companies across Europe n JVC Danmark A/S u Sales and Marketing company for Denmark u Head Office: Tastrup u President: Mr J.W. Abrahamsen u Established: June 1984 u Number of staff: 25 u

45 JVC Companies across Europe n JVC International (Europe) Ltd n Sales and Marketing company for Central and Eastern Europe, incl. Russia u Head Office: London u Liaison Offices: Moscow, Budapest, Kiev u President: Mr Suetake u Established: August 1996 u Number of staff: 40 u

46 JVC Companies across Europe n JVC Polska Sp.z.o.o n Sales and Marketing company for Poland u Head Office: Warsaw u President: Mr K. Minami u Established: April 1997 u Number of staff: 23 u

47 JVC Companies across Europe n JVC Czech u Sales and Marketing company for Czech Republic u Head Office: Prague u President: Mr T. Shirai u Established: April 1997 u Number of staff: 17

48 JVC Companies across Europe n JVC Professional UK Ltd u Sales and Marketing company for UK and Ireland: Pro Products only u Head Office: London u President: Mr K. Kubota u Established: July 1988 u Number of staff: 369 u

49 JVC Companies across Europe n JVC Professional Products GmbH u Sales and Marketing company for Germany: Pro Products only u Head Office: Friedberg (Hessen) nr. Frankfurt u President: Mr P. Sibbe u Established: July 1988 u Number of staff: 63 u

50 JVC Companies across Europe n JVC Professional Italia SP u Sales and Marketing company for Italy: Pro Products only u Head Office: Milan u President: Mr Ito u Established: July 1988 u Number of staff: 36 u

51 JVC Companies across Europe n JVC Technology Europe GmbH u European centre for Product Testing and Monitoring new technological developments u Head Office: Friedberg, near Frankfurt u President: Mr Sasaki u Established: July 1991 u Number of staff: 13

52 JVC Companies across Europe n JVC Logistics Europe u European Distribution Centre u Head Office: Boom, near Antwerp (Belgium) u President: Mr Fukuda u Established: June 1999 u Number of staff: 44

53 JVC Companies across Europe n JVC Manufacturing UK Ltd u Manufacturing facility for CTV and Monitors for European market u Head Office: East Kilbride, Scotland u President: Mr Minakawa u Established: December 1987 u Number of staff: 550

54 JVC Companies across Europe n JVC Video Manufacturing Europe GmbH u Manufacturing facility for VCR/VTR for European market u Head Office: Berlin- Germany u President: Mr Yamamoto u Established: April 1994 u Number of staff: 275

55 EUROPE Key Data

56 EUROPE

57 EU and EMU n JVC Europe Company covers over 50 countries across West & East Europe n The European Union (EU) countries form the backbone of all commercial activities inside Europe and with trade to non- European markets

58 European Union-member states GermanyFranceUK NetherlandsBelgiumLuxembourg IrelandDenmarkItaly GreeceSpainPortugal AustriaFinlandSweden Free-Trade zone was established with the ultimate goal of reaching European Monetary Union with a single currency

59 Monetary Union: EMU n The “Maastricht Treaty” established the parameters of qualification into the European Monetary Union (EMU) n On January 1, 1999, a single currency, EURO, was introduced in the initial 11 countries which qualified for entry into the EMU u also known as Euro Zone

60 Euro - Zone Countries AustriaItaly BelgiumLuxembourg FinlandNetherlands FrancePortugal GermanySpain Ireland In June 2000, Greece’s successfully applied for entry into the EMU and will join the EURO from January 1, 2001

61 Timetable: EMU/Euro n 1998: set-up European Central Bank (ECB - Frankfurt) n 1-Jan Dec.2001: Transition Period u Euro (€) introduced and legal currency in the Euro- zone. Conversion rates between €uro and old national currencies were fixed. u ECB responsible for setting interest rate in Euro-zone n 1-Jan Jun-2002: Dual Circulation Period u Euro coins and notes are introduced in Euro-zone, both Euro and old currencies are circulated n 1-Jul-2001: old currencies are withdrawn and only €uro currency can now be used inside Euro-zone

62 Conversion Rates €uro Germany€ 1 =DM France€ 1 = FFR Italy€ 1 = L Netherlands€ 1 = NLG Austria€ 1 =ATS Belgium/Lux€ 1 =BEF Finland€ 1 = FMK Ireland€ 1 = I£ Spain€ 1 = PTS Portugal€ 1 = ESC

63 Euro vs. other currencies Sept Jan.1999 Sept Jan.1999 USA€ 1 = US$ Japan€ 1 = JPY95132 UK€ 1 =UK£ Switzerland€ 1 = SFR Greece€ 1 =GDR Denmark€ 1 =DKR Sweden€ 1 =SKR u Conversion rate for Greek Drachma into Euro is now monitored and will be fixed by December 2000 for entry into Euro-zone on 1st January 2001


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