JVCKenwood Posts Lackluster Q1 Results

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JVCKenwood reported a small increase in overall sales, while net income remained in the red.

Total sales for the first quarter (ended June 30) were $543 million (67.3 billion yen), up from $537 million a year ago.

The company reported a net loss of $18.7 million (2.3 billion yen) compared to a net loss of $21.4 million for the quarter a year ago.

In car electronics, specifically, net sales rose to $266 million compared to $234 million a year ago. Net income swung to a loss of $6.5 million compared to a net income gain of $5.1 million last year.

 

Source: JVCKenwood

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4 Comments

  1. I’ve been in this industry for over 25 years. Sadly it is beginning to look like a sinking ship.

  2. Maybe if they started making in-dash navi units that didn’t lock up, run slow, reset themselves, just show tiny red text on the screen, etc etc etc.

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