twice connect
careers

JVC CE Sales Off 4%

4/28/2006 08:11:00 AM Eastern

Yokohama, Japan — Although the camcorder and car electronics business continued to be stable at Victor Company of Japan (JVC) in the past 12 months, the company reported a “tough struggle” for its consumer electronics segment.

CE segment sales for the fiscal year, ended March 31, slipped 4 percent, to $5.2 billion, from a year-on-year $5.5 billion.

The slide in JVC’s CE business was, in part, caused by a decline in sales of DVD equipment, due to quality issues and the resulting elimination of available models, said the company. Added to this, were delays in product development for LCD televisions during the first half of the fiscal year, said JVC.

The CE segment includes LCD, rear projection, PDP and CRT televisions, as well as camcorders, video cassette recorders, DVD players, DVD recorders, car A/V systems and audio equipment.

The company’s software and media segment — which includes music and video software such as CDs, videodiscs and prerecorded music and video tapes, as well as blank media — posted fiscal year-end sales of $907.4 million, an 8 percent rise over the $837.4 million recorded in the same 12 months a year earlier.

JVC overseas sales slid 3 percent in the 12 months, down to $4.8 billion, from $5 billion.