JVCKENWOOD and Alps Alpine reported earnings for their respective first quarters ended in June.
JVCKENWOOD’s Mobility & Telematics (M&T) segment, under which car audio falls, reported lower revenue but higher core operating income due to higher prices. The company attributed the improved operating income to “an improved profit from a price pass-through in the Aftermarket Business despite a negative impact of declined revenues due to the U.S. tariff measures at JKHL [JVCKENWOOD Hong Kong Holdings Ltd.] in the OEM and the Aftermarket Businesses.”
Revenue for the M&T segment for the first quarter was approximately $317 million (46.6 billion yen) compared to $326 million for the quarter a year ago. Core operating income for the M&T segment was $11.6 million compared to $4.1 million a year ago.
For JVCKENWOOD as a whole, revenue for Q1 totalled $545 million compared to $597 million a year ago. Core operating income was $21 million compared to $40.6 million a year ago. Operating profit was $29.6 million compared to $41 million a year ago and profits before taxes were $33.3 million compared to $47.3 million.
For the full year ending March 2026 (which factors in impacts from tariffs, said JVCKENWOOD), the company forecasts total revenue of $2.4 billion compared to $2.5 billion a year ago. It forecasts $132.6 million in profits compared to $160 million last year.
For Alps Alpine’s Mobility segment, under which Alpine falls, net sales fell to $887.2 million from $917.6 million. However, the company was able to narrow its operating loss in the sector to -$3.4 million compared to an operating loss of -$41.2 million for the quarter a year ago.
For total Alps Alpine corporate results, the company said net sales hit $1.6 billion, up from $1.58 billion a year ago. Operating income rose to $25 million, up from $8 million a year ago. Ordinary income fell to $8 million compared to $32 million a year ago, and profits swung to a loss of $19 million compared to a gain of $2.7 million a year ago.
For the full year ending in March 2026, ALPS ALPINE Mobility sector expects revenue of $3.6 billion compared to $3.4 billion last year and profits of $41 million compared to $6.8 million a year ago. For total ALPS ALPINE corporate earnings, the company expects sales of $6.5 billion compared to $6.2 billion a year ago and profits of $170 million compared to $116 million a year ago.
