Company DescriptionJVCKENWOOD Corporation manufactures and sells products in automotive, public service, media service, and other sectors in Japan, the Americas, Europe, Asia, and internationally. It operates through Automotive, Public Service, Media Service, and Others segments. The Automotive Sector segment manufactures and sells car navigation systems, car audio systems, dashcams, in-vehicle devices, etc. The Public Service Sector segment manufactures and sells professional wireless communications devices, video surveillance and audio equipment, medical image display systems, etc. The Media Service Sector segment offers professional video cameras, projectors, headphones, commercial video cameras, home audio equipment, portable power supplies, etc.; CDs and DVDs (packaged software), etc.; and audio and video software, etc. The Others segment provides telematics solutions, service parts, etc. The company also provides automotive equipment and contract manufacturing service of electronic devices. It sells its products under the JVC, Victor, and KENWOOD brands. The company was formerly known as JVC KENWOOD Holdings, Inc. and changed its name to JVCKENWOOD Corporation in August 2011. JVC KENWOOD Corporation was founded in 1927 and is headquartered in Yokohama, Japan.

How the Company Makes Money

JVCKENWOOD Corporation Financial Statement Overview

Summary

JVCKENWOOD Corporation presents a strong financial profile with impressive revenue and profit growth, efficient cost management, and a robust cash flow generation capability. The company maintains a balanced leverage position with a solid equity foundation, reducing financial risks.

Income Statement

Very Positive

JVCKENWOOD Corporation has demonstrated strong revenue growth over recent years, with a notable increase from 2022 to the TTM (Trailing-Twelve-Months) period. The gross profit margin and net profit margin have also improved, indicating enhanced operational efficiency and profitability. The EBIT and EBITDA margins are healthy, showcasing effective cost management and solid earnings before interest, taxes, depreciation, and amortization.

Balance Sheet

Positive

The company's balance sheet shows a moderate debt-to-equity ratio, suggesting a balanced approach to leveraging. The return on equity has improved, reflecting better profitability relative to shareholder equity. A strong equity ratio indicates a solid capital structure with a higher proportion of equity financing, reducing financial risk.

Cash Flow

Positive

JVCKENWOOD has achieved significant growth in free cash flow, indicating improved cash generation capabilities. The operating cash flow to net income ratio is robust, highlighting efficient cash conversion from earnings. The free cash flow to net income ratio further supports the company's strong cash flow position, ensuring liquidity and financial flexibility.

TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Breakdown
Income Statement		Total Revenue
362.68B	359.46B	336.91B	282.09B	273.61B	291.30B
	Gross Profit
115.85B	103.82B	95.20B	75.79B	74.56B	79.09B
	EBIT
20.48B	19.71B	21.63B	9.05B	4.89B	4.08B
	EBITDA
39.88B	37.97B	33.61B	24.50B	28.05B	25.93B
	Net Income Common Stockholders
16.17B	13.02B	16.23B	5.87B	2.15B	954.00M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
43.50B	57.87B	59.74B	53.47B	61.42B	40.79B
	Total Assets
274.75B	316.82B	299.36B	280.81B	264.33B	249.66B
	Total Debt
108.31B	57.30B	62.48B	69.84B	75.59B	74.60B
	Net Debt
64.80B	-577.00M	6.30B	21.13B	15.94B	34.67B
	Total Liabilities
227.93B	195.60B	195.63B	196.85B	195.80B	189.66B
	Stockholders Equity
45.90B	114.80B	98.81B	79.50B	64.64B	56.48B
Cash Flow		Free Cash Flow
21.30B	12.16B	10.79B	-8.90B	21.92B	527.00M
	Operating Cash Flow
39.19B	33.17B	26.61B	7.06B	35.83B	21.64B
	Investing Cash Flow
-19.89B	-16.06B	-7.33B	-9.80B	-11.80B	-19.68B
	Financing Cash Flow
-19.13B	-19.35B	-14.03B	-11.27B	-5.34B	-1.67B

JVCKENWOOD Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (62)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JVC		€1.05B	8.25	16.78%	1.36%	―	―
Sector *	62 Neutral	$6.88B	11.32	2.90%	3.87%	2.70%	-24.57%
CSIOF		$1.64B	31.08	3.45%	4.16%	―	―
KYOCF		$16.67B	92.87	0.71%	3.18%	―	―
PCRFF		$25.32B	10.67	7.85%	2.89%	―	―
SNEJF		$162.06B	22.67	14.32%	0.47%	―	―
6810	69 Neutral	¥77.53B	19.33		2.78%	0.52%	-43.28%

* Consumer Cyclical Sector Average

Performance Comparison

DE:JVC

JVCKENWOOD Corporation

6.82

1.58

30.15%

CSIOF

Casio Computer Co

7.18

-0.04

-0.55%

KYOCF

Kyocera

10.42

-0.60

-5.44%

PCRFF

Panasonic

10.98

2.76

33.58%

SNEJF

Sony

26.64

9.75

57.73%

JP:6810

Maxell, Ltd.

1,800.00

2.43

0.14%

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.