JVCKENWOOD and Alps Alpine reported results for their full fiscal years ended in March and Gentex, which owns VOXX, reported its first quarter results (see below).
JVCKENWOOD reported mixed results for its automotive division and Alps Alpine reported gains in all metrics in its Mobility sector, which includes Alpine.
In JVCKENWOOD’s M&T (Mobility & Telematics) division (including aftermarket and OEM automotive sales), revenue declined to $1.25 billion (195.7 billion yen) from $1.29 billion a year ago. Core operating income, however, rose to $34 million from $31 million a year ago. JVCKENWOOD said, “Despite the impact of U.S. tariff measures on the Aftermarket Business and the slowdown in the Chinese economy on JKHL( JVCKENWOOD Hong Kong Holdings Limited)” the sector recorded an increase in core operating income due to “strong [Japanese] dealer-installed option sales, aftermarket price revisions, and fixed-cost reductions.”
For the coming year, JVCKENWOOD expects an impact from the shortage in memory and higher prices for memory but it also expects strong sales in the Japanese dealer-installed option business, it said.
For all of JVCKENWOOD, sales fell to $2.3 billion for the year, down from $2.4 billion. Core operating income fell to $133 million, from $161 million a year ago and profits fell to $107 million from $129 million a year ago.
Alps Alpine
Alps Alpine reported gains in both sales and operating income for its Mobility sector for the year ending March 31.
However, due to headwinds, including “soaring prices for memory and raw materials” Alps Alpine expects a decline for the coming two quarters in the sector. Regarding North America, Alps Alpine said it is discontinuing lower priced speakers to cut costs in the face of tariffs and higher materials costs.
Alps Alpine said, due to “soaring procurement costs caused by reciprocal tariffs on sound system products for North American OEMs and North American retail brand sound products…we will withdraw from low-profit speaker products, which have a high ratio of external purchases. For low-profit products, we will convert to EMS outsourcing this fiscal year. We will also focus on profitable products and sound IP products, including software amplifiers,” according to Alps Alpine President Hideo Izumi.
For the year, Alpine’s Mobility sector recorded $3.5 billion in sales (555 billion yen) compared to $3.4 billion last year. Operating profit soared to $90 million compared to $36 million a year ago.
For all of Alps Alpine, including the Sensors & Communications division, sales for the fiscal year hit a record $6.5 billion (over 1 trillion yen) compared to $6.3 billion a year ago. Operating profit was $268 million compared to $218 million, but corporate profit fell to $172 million compared to $242 million a year ago, as last year, the company had extraordinary gains from the sale of shares and a business transfer.
Gentex
VOXX, which was purchased by Gentex last April, contributed $88.6 million in revenue to Gentex in calendar Q1.
Gentex President and CEO Steve Downing said, “Another bright spot during the first‑quarter was VOXX revenue, which was approximately 9 percent above our beginning of quarter forecast, driven primarily by stronger‑than‑anticipated performance in the Premium Audio segment.”
Overall, Gentex reported consolidated net sales of $675.4 million, up 17 percent compared to net sales of $576.8 million a year ago (which didn’t include VOXX sales). Core Gentex revenue totaled $586.8 million, representing a 2 percent quarter-over-quarter gain, even though global vehicles sales are down 3 percent.
Gentex said that VOXX is now profitable.
Overall Gentex consolidated net income for the first quarter of 2026 was $98.5 million, driven by higher quarter over quarter sales and improved profitability, compared to $94.9 million in the first quarter of 2025, which did not include VOXX. (See more on Gentex earnings here).
