JVC Kenwood reported lower sales and profits for its fiscal year that ended in March.
Total sales for the year were about $3.13 billion (306.580 million yen), down from $3.28 billion (320.868 million yen) the year prior.
Net income was about $11.7 million (1,146 million yen), down from about $61.6 million (6,032 million yen) a year ago.
Car electronics sales fell during the year to $1.026 billion (100,548 million yen), down from $1.096 billion (107.281 million yen) a year ago.
Source: JVC Kenwood
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