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JVC Kenwood Posts Lower FY Sales, Earnings

Tokyo — JVC Kenwood reported lower net sales and net income in its fiscal year, which ended March 31. 4/26/2013 09:43:00 AM Eastern

Tokyo — JVC Kenwood reported lower net sales and net income in its fiscal year, which ended March 31.

Net sales were 306,580 million yen, down from the prior year’s 320,868 million yen. Net income was 1,146 million yen, down from the previous year’s 6,032 million yen.

Car electronics sales were 100,548 million yen, down from the previous year’s 107,281 million yen. Operating income was cut to 2,494 million yen from 6,346 million yen.

Home and mobile electronics net sales were 68,793 million yen as compared with the prior year’s 77,545 million yen. Operating income was 1,053 million yen, down year on year from 1,730 million yen.

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