The JVCKENWOOD Group regards increasing the transparency and efficiency of decision-making in management by strengthening corporate governance and aiming to improve corporate value as one of the most important management issues. The “JVCKENWOOD Corporate Governance Policy” is basic policy on corporate governance touching upon the each of the principles of the Corporate Governance Code, and it serves as guidelines for implementing a sound and robust governance system throughout the Group.
The JVCKENWOOD Group is undertaking company-wide efforts to bolster corporate governance and continually generate profit in order to meet the expectations of our stakeholders and to achieve our Corporate Vision of “Creating excitement and peace of mind for the people of the world.”
The JVCKENWOOD Group published Vision 2020, a medium- to long-term management plan toward the fiscal year ended March 2021 (FY2020), on May 18, 2015. Based on the plan, which uses return on equity (ROE) as a principal management indicator, we have promoted business management focusing on the fields where we have advantages.
In January 2018, when almost two years had passed since Vision 2020 was formulated, we assessed its progress and reviewed measures to be taken.
Vision 2020 uses ROE* as an indicator to measure capital profitability, and we are striving to achieve the ROE target of 10% by FY2020.
*ROE: return on equity (= current net income/equity (average of term-start and term-end values))
Our profits have been increasing since the year ending in March 2016 (FY2015). Going forward, we will accelerate our efforts to achieve ROE of 10% by FY2020.
Current status toward targets under Vision 2020
*For details, please see Management Plan