Announcement • Jun 24
JVCKENWOOD Corporation Announces Board Appointments, Effective June 24, 2026 JVCKENWOOD Corporation at the 18th Ordinary General Meeting of Shareholders held on June 24, 2026 approved appointment of ORII Masako as External Director of the Board and HIRAKO Yuji was appointed Chairman of the Board, effective June 24, 2026. Announcement • May 30
JVCKENWOOD Corporation to Report Q1, 2027 Results on Aug 03, 2026 JVCKENWOOD Corporation announced that they will report Q1, 2027 results on Aug 03, 2026 Announcement • May 01
JVCKENWOOD Corporation, Annual General Meeting, Jun 24, 2026 JVCKENWOOD Corporation, Annual General Meeting, Jun 24, 2026. Announcement • Feb 25
JVCKENWOOD Corporation Announces Directorate Changes, Effective April 1, 2026 JVCKENWOOD Corporation resolved at the Board of Directors held February 25, 2026 on the nomination of 7 candidates for Directors who are not Audit & Supervisory Committee members (the 4 Directors who are Audit & Supervisory Committee members are not up for election), whose appointment will be submitted at the 18th Ordinary General Meeting of Shareholders scheduled for late June of this year, and resolved on the new management structure effective April 1, 2026. Retiring directors. HAMASAKI Yuji, NOMURA Masao, HAYASHI Kazuyoshi, SONODA Yoshio . Announcement • Feb 03
JVCKENWOOD Corporation (TSE:6632) announces an Equity Buyback for 3,000,000 shares, representing 2.09% for ¥3,000 million. JVCKENWOOD Corporation (TSE:6632) announces a share repurchase program. Under the program, the company will repurchase up to 3,000,000 shares, representing 2.08% of its issued share capital, for ¥3,000 million. The purpose of the buyback is to improve the ratio of profit attributable to owners of the parent (ROE) and earnings per share (EPS), as well as to mitigate the short-term impact on demand and supply for the company’s shares due to the issuance of Zero Coupon Convertible Bonds due 2030. The program will expire on April 30, 2026. As of December 31, 2025, the company had 143,767,937 shares outstanding (excluding treasury shares) and had 19,488,432 shares in treasury. Announcement • Nov 29
JVCKENWOOD Corporation to Report Q3, 2026 Results on Feb 03, 2026 JVCKENWOOD Corporation announced that they will report Q3, 2026 results on Feb 03, 2026 Announcement • Nov 13
JVCKENWOOD Corporation (TSE:6632) announces an Equity Buyback for 5,000,000 shares, representing 3.39% for ¥5,000 million. JVCKENWOOD Corporation (TSE:6632) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 3.39% of its issued share capital, for ¥5,000 million. The purpose of the buyback is to improve the ratio of profit attributable to owners of the parent (ROE) and earnings per share (EPS), as well as to mitigate the short-term impact on demand and supply for the company’s shares due to the issuance of Zero Coupon Convertible Bonds due 2030. The program will expire on December 23, 2025. As of September 30, 2025, the company had 147,281,876 shares outstanding (excluding treasury shares) and had 16,718,325 shares in treasury. Announcement • Oct 10
JVCKENWOOD Corporation (TSE:6632) entered into a share transfer agreement to acquire ESChat from Josh Lober and five other individual shareholders. JVCKENWOOD Corporation (TSE:6632) entered into a share transfer agreement to acquire ESChat from Josh Lober and five other individual shareholders on October 8, 2025.
For the period ending December 31, 2024, ESChat reported total revenue of $1.13 billion and EBIT of $172 million. As of December 31, 2024, ESChat reported total assets of $430 million and total common equity of $451 million.
The expected completion of the transaction is by the end of March 2026. Announcement • Sep 01
JVCKENWOOD Corporation to Report Q2, 2026 Results on Oct 31, 2025 JVCKENWOOD Corporation announced that they will report Q2, 2026 results on Oct 31, 2025 Announcement • May 31
JVCKENWOOD Corporation to Report Q1, 2026 Results on Aug 01, 2025 JVCKENWOOD Corporation announced that they will report Q1, 2026 results on Aug 01, 2025 Announcement • Mar 01
JVCKENWOOD Corporation to Report Fiscal Year 2025 Results on May 01, 2025 JVCKENWOOD Corporation announced that they will report fiscal year 2025 results on May 01, 2025 Buy Or Sell Opportunity • Jan 11
Now 22% undervalued Over the last 90 days, the stock has risen 34% to €10.31. The fair value is estimated to be €13.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 38%. For the next 3 years, revenue is forecast to grow by 0.8% per annum. Earnings are also forecast to grow by 3.5% per annum over the same time period. New Risk • Jan 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Board Change • Dec 30
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent External Director Satoshi Hirano was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 26
JVCKENWOOD Corporation to Report Q3, 2025 Results on Feb 03, 2025 JVCKENWOOD Corporation announced that they will report Q3, 2025 results on Feb 03, 2025 Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €8.76, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Consumer Durables industry in Europe. Total returns to shareholders of 610% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.77 per share. Reported Earnings • Nov 01
Second quarter 2025 earnings released: EPS: JP¥37.06 (vs JP¥21.19 in 2Q 2024) Second quarter 2025 results: EPS: JP¥37.06 (up from JP¥21.19 in 2Q 2024). Revenue: JP¥88.8b (flat on 2Q 2024). Net income: JP¥5.59b (up 71% from 2Q 2024). Profit margin: 6.3% (up from 3.7% in 2Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 5.2% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 78% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 31
JVCKENWOOD Corporation Announces Dividend for the Interim Period of the Fiscal Year Ending March 2025, Payable on December 9, 2024 JVCKENWOOD Corporation announced an dividend of JPY 5.00 per share for the interim period of the fiscal year ending March 2025 against JPY 0.00 per share paid a year ago. Record date is September 30, 2024. Effective date is December 9, 2024. Announcement • Sep 02
JVCKENWOOD Corporation to Report Q2, 2025 Results on Oct 31, 2024 JVCKENWOOD Corporation announced that they will report Q2, 2025 results on Oct 31, 2024 Reported Earnings • Aug 04
First quarter 2025 earnings released: EPS: JP¥36.49 (vs JP¥21.84 in 1Q 2024) First quarter 2025 results: EPS: JP¥36.49 (up from JP¥21.84 in 1Q 2024). Revenue: JP¥87.8b (up 2.5% from 1Q 2024). Net income: JP¥5.50b (up 58% from 1Q 2024). Profit margin: 6.3% (up from 4.1% in 1Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 5.8% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Aug 04
Now 40% overvalued after recent price rise Over the last 90 days, the stock has risen 30% to €6.13. The fair value is estimated to be €4.39, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 39%. Revenue is forecast to decline by 0.8% in 2 years. Earnings are forecast to decline by 6.1% in the next 2 years. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €6.13, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Consumer Durables industry in Europe. Total returns to shareholders of 299% over the past three years. New Risk • Aug 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Jun 26
Full year 2024 earnings released: EPS: JP¥84.34 (vs JP¥99.27 in FY 2023) Full year 2024 results: EPS: JP¥84.34 (down from JP¥99.27 in FY 2023). Revenue: JP¥359.5b (up 6.7% from FY 2023). Net income: JP¥13.0b (down 20% from FY 2023). Profit margin: 3.6% (down from 4.8% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.8% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has increased by 49% per year whereas the company’s share price has increased by 44% per year. Announcement • Jun 21
JVCKENWOOD Corporation Announces New Management Structure Changes JVCKENWOOD Corporation has finalized its new management structure following the election of directors and audit & supervisory board members at the 16th Ordinary General Meeting of Shareholders. Effective June 21, 2024, newly appointed figures include HAYASHI Kazuyoshi, joining as a director of the board, and KURIHARA Naokazu, who assumes a role as an audit & supervisory board member. External appointments feature HIRANO Satoshi, newly elected as a director of the board, alongside EBINUMA Ryuichi and KOBASHIKAWA Yasuko, who join as external audit & supervisory board members. This strategic reshuffle underscores JVCKENWOOD's commitment to integrating fresh perspectives into its governance framework while maintaining operational continuity under existing executive officers. Announcement • Jun 02
JVCKENWOOD Corporation to Report Q1, 2025 Results on Aug 01, 2024 JVCKENWOOD Corporation announced that they will report Q1, 2025 results on Aug 01, 2024 Announcement • May 17
JVCKENWOOD Corporation Announces Dividend for the Fiscal Year Ended March 31, 2024 JVCKENWOOD Corporation resolved at its Board of Directors held on May 15, 2024 to distribute a dividend of surplus. The record date thereof is March 31, 2024. Dividend per share: JPY 12.00. Total amount of dividend: JPY 1,827 million. Effective date: May 28, 2024. Reported Earnings • May 01
Full year 2024 earnings released: EPS: JP¥84.34 (vs JP¥99.27 in FY 2023) Full year 2024 results: EPS: JP¥84.34 (down from JP¥99.27 in FY 2023). Revenue: JP¥359.5b (up 6.7% from FY 2023). Net income: JP¥13.0b (down 20% from FY 2023). Profit margin: 3.6% (down from 4.8% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.3% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Announcement • Apr 28
JVCKENWOOD Corporation, Annual General Meeting, Jun 21, 2024 JVCKENWOOD Corporation, Annual General Meeting, Jun 21, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 29 May 2024. Payout ratio is a comfortable 9.5% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.4%). Announcement • Mar 02
JVCKENWOOD Corporation to Report Fiscal Year 2024 Results on Apr 26, 2024 JVCKENWOOD Corporation announced that they will report fiscal year 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €5.00, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Consumer Durables industry in Germany. Total returns to shareholders of 216% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.86 per share. New Risk • Feb 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.3% net profit margin). Reported Earnings • Feb 03
Third quarter 2024 earnings released: EPS: JP¥27.30 (vs JP¥72.39 in 3Q 2023) Third quarter 2024 results: EPS: JP¥27.30 (down from JP¥72.39 in 3Q 2023). Revenue: JP¥92.6b (up 3.5% from 3Q 2023). Net income: JP¥4.17b (down 65% from 3Q 2023). Profit margin: 4.5% (down from 13% in 3Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 5.7% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. New Risk • Dec 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.2% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Large one-off items impacting financial results. Announcement • Nov 27
JVCKENWOOD Corporation to Report Q3, 2024 Results on Feb 01, 2024 JVCKENWOOD Corporation announced that they will report Q3, 2024 results on Feb 01, 2024 Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €4.66, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Consumer Durables industry in Europe. Total returns to shareholders of 314% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.22 per share. Announcement • Nov 02
JVCKENWOOD Corporation (TSE:6632) announces an Equity Buyback for 4,500,000 shares, representing 2.89% for ¥2,500 million. JVCKENWOOD Corporation (TSE:6632) announces a share repurchase program. Under the program, the company will repurchase up to 4,500,000 shares, representing 2.90% of its total shares outstanding (excluding treasury shares), for a total of ¥2.500 million. The purpose of repurchase program is to increase the flexibility of capital utilization, to improve shareholder returns and capital efficiency and return on equity of the parent company, increase earnings per share. The repurchase program is valid till December 29, 2023. As of September 30, 2023, the company had 155,567,697 shares outstanding (excluding treasury shares) and had 8,432,504 shares in treasury. Announcement • Aug 27
JVCKENWOOD Corporation to Report Q2, 2024 Results on Oct 31, 2023 JVCKENWOOD Corporation announced that they will report Q2, 2024 results on Oct 31, 2023 Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to €4.02, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Consumer Durables industry in Europe. Total returns to shareholders of 269% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.85 per share. Reported Earnings • Aug 02
First quarter 2024 earnings released: EPS: JP¥21.84 (vs JP¥1.51 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥21.84 (up from JP¥1.51 loss in 1Q 2023). Revenue: JP¥85.6b (up 19% from 1Q 2023). Net income: JP¥3.48b (up JP¥3.72b from 1Q 2023). Profit margin: 4.1% (up from net loss in 1Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 6.4% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. New Risk • Jul 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 41% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.9% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Announcement • Jun 24
JVCKENWOOD Corporation to Report Q1, 2024 Results on Aug 01, 2023 JVCKENWOOD Corporation announced that they will report Q1, 2024 results on Aug 01, 2023 Valuation Update With 7 Day Price Move • May 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €3.04, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Consumer Durables industry in Germany. Total returns to shareholders of 129% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.06 per share. Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: JP¥99.27 (vs JP¥35.89 in FY 2022) Full year 2023 results: EPS: JP¥99.27 (up from JP¥35.89 in FY 2022). Revenue: JP¥336.9b (up 19% from FY 2022). Net income: JP¥16.2b (up 176% from FY 2022). Profit margin: 4.8% (up from 2.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.2% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Germany are expected to grow by 4.5%. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥12.00 per share at 1.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 May 2023. Payout ratio is a comfortable 4.7% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.1%). Reported Earnings • Feb 02
Third quarter 2023 earnings released: EPS: JP¥72.40 (vs JP¥4.65 in 3Q 2022) Third quarter 2023 results: EPS: JP¥72.40 (up from JP¥4.65 in 3Q 2022). Revenue: JP¥89.4b (up 27% from 3Q 2022). Net income: JP¥11.8b (up JP¥11.1b from 3Q 2022). Profit margin: 13% (up from 1.1% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 5.3% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Nov 27
JVCKENWOOD Corporation to Report Q3, 2023 Results on Feb 01, 2023 JVCKENWOOD Corporation announced that they will report Q3, 2023 results on Feb 01, 2023 Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent External Director of the Board Hiromi Onitsuka-Baur was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improved over the past week After last week's 48% share price gain to €2.30, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 8x in the Consumer Durables industry in Germany. Total returns to shareholders of 9.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.92 per share. Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: JP¥24.00 (vs JP¥10.54 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥24.00 (up from JP¥10.54 loss in 2Q 2022). Revenue: JP¥86.1b (up 44% from 2Q 2022). Net income: JP¥3.92b (up JP¥5.65b from 2Q 2022). Profit margin: 4.6% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 4.5% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Aug 28
JVCKENWOOD Corporation to Report Q2, 2023 Results on Oct 31, 2022 JVCKENWOOD Corporation announced that they will report Q2, 2023 results on Oct 31, 2022 Reported Earnings • Jul 31
First quarter 2023 earnings released: JP¥1.51 loss per share (vs JP¥8.97 profit in 1Q 2022) First quarter 2023 results: JP¥1.51 loss per share (down from JP¥8.97 profit in 1Q 2022). Revenue: JP¥72.0b (up 12% from 1Q 2022). Net loss: JP¥246.0m (down 117% from profit in 1Q 2022). Over the next year, revenue is forecast to grow 3.4%, compared to a 3.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • May 29
JVCKENWOOD Corporation to Report Q1, 2023 Results on Jul 29, 2022 JVCKENWOOD Corporation announced that they will report Q1, 2023 results on Jul 29, 2022 Reported Earnings • Apr 29
Full year 2022 earnings released: EPS: JP¥35.89 (vs JP¥13.14 in FY 2021) Full year 2022 results: EPS: JP¥35.89 (up from JP¥13.14 in FY 2021). Revenue: JP¥282.1b (up 3.1% from FY 2021). Net income: JP¥5.87b (up 173% from FY 2021). Profit margin: 2.1% (up from 0.8% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.4%, compared to a 8.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). President, CEO & Representative Director Scott Eguchi is the most experienced director on the board, commencing their role in 2014. Independent External Director of the Board Hiromi Onitsuka-Baur was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Apr 08
JVCKENWOOD Corporation to Report Fiscal Year 2022 Results on Apr 27, 2022 JVCKENWOOD Corporation announced that they will report fiscal year 2022 results on Apr 27, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥6.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 31 May 2022. Payout ratio is a comfortable 38% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (3.6%). Higher than average of industry peers (2.3%). Reported Earnings • Feb 02
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: EPS: JP¥4.64 (down from JP¥29.22 in 3Q 2021). Revenue: JP¥70.2b (down 9.1% from 3Q 2021). Net income: JP¥759.0m (down 84% from 3Q 2021). Profit margin: 1.1% (down from 6.2% in 3Q 2021). Revenue missed analyst estimates by 6.2%. Over the next year, revenue is forecast to grow 6.5%, compared to a 7.2% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Reported Earnings • Oct 30
Second quarter 2022 earnings released: JP¥10.55 loss per share (vs JP¥4.32 loss in 2Q 2021) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2022 results: Revenue: JP¥59.9b (down 10.0% from 2Q 2021). Net loss: JP¥1.73b (loss widened 144% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 15% per year. Reported Earnings • Jul 31
First quarter 2022 earnings released: EPS JP¥8.97 (vs JP¥21.86 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥64.5b (up 26% from 1Q 2021). Net income: JP¥1.47b (up JP¥5.05b from 1Q 2021). Profit margin: 2.3% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • May 08
Codan Communications completed the acquisition of Zetron, Inc. from JVCKENWOOD Corporation (TSE:6632). Codan Communications entered into an agreement to acquire Zetron, Inc. from JVCKENWOOD Corporation (TSE:6632) for $45 million on March 31, 2021. The acquisition is on a cash free, debt free basis. Codan will merge its Critical Communications and Zetron businesses to create a single mission critical communications company trading under the stronger Zetron brand. The transaction will be funded through a combination of existing cash and a recently approved banking facility of AUD100 million ($76.1 million). The transaction is subject to obtaining change of control consents and other conditions precedent standard for transactions of this nature. The transaction is subject to final approval by the respective boards of Codan and JVCKENWOOD. The transaction is expected to be completed by end of April 30, 2021. Zetron is expected to contribute approximately AUD 67 million ($50.9 million) of sales and AUD 8 million ($6.1 million) in EBITDA under Codan’s ownership in financial year 2022 and therefore it will be earnings-per-share accretive. Robert L. Meyers and Christopher Hale of Sidley Austin LLP acted as legal advisor to Codan.
Codan Communications completed the acquisition of Zetron, Inc. from JVCKENWOOD Corporation (TSE:6632) on May 7, 2021. Zetron will now be integrated with the North American-based critical communications division of Codan Communications, a Codan Limited portfolio company. The newly merged business will operate under the name "Zetron, a Codan Company" and continue to develop and market the current respective solutions of both businesses. The new Zetron has more than 300 global employees, doing business in over 150 countries on all seven continents of the world. The company will be headquartered in Redmond, Washington (USA), with additional operations in Victoria, BC (CAN), Brisbane, QLD (AUS), and regional sales offices located within the Americas, EMEA and APAC regions. All transaction requirements have been subsequently satisfied. Reported Earnings • Apr 29
Full year 2021 earnings released: EPS JP¥13.14 (vs JP¥5.82 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥273.6b (down 6.1% from FY 2020). Net income: JP¥2.15b (up 126% from FY 2020). Profit margin: 0.8% (up from 0.3% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 05 June 2021. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (3.3%). In line with average of industry peers (2.2%). Is New 90 Day High Low • Mar 05
New 90-day high: €1.73 The company is up 44% from its price of €1.20 on 04 December 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.30 per share. Announcement • Mar 04
JVCKENWOOD Corporation to Report Q4, 2021 Results on Apr 27, 2021 JVCKENWOOD Corporation announced that they will report Q4, 2021 results on Apr 27, 2021 Is New 90 Day High Low • Feb 02
New 90-day high: €1.55 The company is up 29% from its price of €1.20 on 04 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 27% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.07 per share. Reported Earnings • Feb 02
Third quarter 2021 earnings released: EPS JP¥29.21 (vs JP¥3.15 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥77.2b (up 6.2% from 3Q 2020). Net income: JP¥4.79b (up JP¥4.27b from 3Q 2020). Profit margin: 6.2% (up from 0.7% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 79% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 02
Revenue beats expectations Revenue exceeded analyst estimates by 12%. Over the next year, revenue is forecast to grow 2.1%, compared to a 7.1% growth forecast for the Consumer Durables industry in Germany. Is New 90 Day High Low • Jan 16
New 90-day high: €1.38 The company is up 24% from its price of €1.11 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.10 per share. Is New 90 Day High Low • Dec 22
New 90-day high: €1.36 The company is up 11% from its price of €1.22 on 23 September 2020. The German market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.09 per share. Announcement • Nov 29
JVCKENWOOD Corporation to Report Q3, 2021 Results on Jan 29, 2021 JVCKENWOOD Corporation announced that they will report Q3, 2021 results on Jan 29, 2021 Reported Earnings • Nov 15
Second quarter 2021 earnings released: JP¥4.32 loss per share The company reported a poor second quarter result with weaker earnings, revenues and control over expenses. Second quarter 2021 results: Revenue: JP¥66.6b (down 9.0% from 2Q 2020). Net loss: JP¥708.0m (down 321% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Nov 15
Revenue beats expectations Revenue exceeded analyst estimates by 5.7%. Over the next year, revenue is forecast to grow 1.7%, compared to a 4.6% growth forecast for the Consumer Durables industry in Germany. Reported Earnings • Nov 10
Second quarter 2021 earnings released: JP¥13.09 loss per share The company reported a poor second quarter result with weaker earnings, revenues and control over expenses. Second quarter 2021 results: Revenue: JP¥58.8b (down 20% from 2Q 2020). Net loss: JP¥2.15b (down JP¥2.47b from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Nov 10
Revenue beats expectations Revenue exceeded analyst estimates by 5.7%. Over the next year, revenue is forecast to grow 1.7%, compared to a 5.3% growth forecast for the Consumer Durables industry in Germany. Reported Earnings • Nov 01
First half earnings released Over the last 12 months the company has reported total losses of JP¥4.54b, with earnings decreasing by JP¥7.81b from the prior year. Total revenue was JP¥262.3b over the last 12 months, down 14% from the prior year. Analyst Estimate Surprise Post Earnings • Nov 01
Semi-annual earnings released: Revenue beats expectations Semi-annual revenue exceeded analyst estimates by 5.7% at JP¥117.7b. Revenue is forecast to grow 1.7% over the next year, compared to a 5.1% growth forecast for the Consumer Durables industry in Germany. Announcement • Sep 04
JVCKENWOOD Corporation to Report Q2, 2021 Results on Oct 30, 2020 JVCKENWOOD Corporation announced that they will report Q2, 2021 results on Oct 30, 2020