Against the backdrop of the above, JVCKENWOOD has decided to begin the full transfer of production of the Saisoku Navi for the domestic aftermarket from the Company's factory in Indonesia (PT. JVC Electronics Indonesia) to the factory in Japan (JK Nagano) in January 2022. JVCKENWOOD will also gradually begin to transfer the production of car navigation systems for the Japanese market, which are sold to domestic automakers, from its Shanghai factory (Shanghai Kenwood Electronics Co., Ltd.) to the factory in Japan (JK Nagano). In the medium term, JVCKENWOOD targets to increase production to 500,000 units, five times the current production volume of 100,000 units. JVCKENWOOD aims to maximize product supply efficiency by shortening the lead time from production to sales and strengthening cost competitiveness through local production for local consumption by returning to domestic production. At the same time, the Company aims to expand the business with automakers in Japan by consolidating production at JK Nagano, which is a designated factory of domestic automakers.