JVCKENWOOD Reports 55.8% Surge in Net Profit, Driven by Strong Sales Across All Sectors

Reuters
2025.05.01 07:08
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JVCKENWOOD Corporation reported a 55.8% increase in net profit for the fiscal year ending March 2025, totaling ¥20.3 billion. Revenue rose across all sectors, with Mobility & Telematics Services increasing from ¥199.4 billion to ¥203.2 billion. The Entertainment Solutions Sector saw a 3.5% revenue growth, reaching ¥57.9 billion. The profit surge was attributed to the recognition of deferred tax assets and increased profit before income taxes, leading to record highs in core operating income and profit attributable to owners.

JVCKENWOOD Corporation reported a significant increase in its financial performance for the fiscal year ending March 2025. The company’s revenue rose across all three sectors: Mobility & Telematics Services, Safety & Security, and Entertainment Solutions. The Mobility & Telematics Services Sector saw its revenue increase from ¥199.4 billion to ¥203.2 billion, with core operating income rising from ¥3.9 billion to ¥4.9 billion. In the Entertainment Solutions Sector, revenue grew by approximately ¥2 billion, or 3.5%, reaching ¥57.9 billion, while core operating income surged by about ¥2.1 billion, resulting in a positive balance of ¥1.8 billion. This improvement was attributed to solid sales in projectors, portable power stations, and other devices. The company’s profit attributable to owners of the parent experienced a substantial rise of roughly ¥7.3 billion, or 55.8%, totaling ¥20.3 billion. This increase was driven primarily by the recognition of deferred tax assets and a rise in profit before income taxes. Overall, JVCKENWOOD achieved record highs in line-item profits from core operating income to profit attributable to owners. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. JVC KENWOOD Corporation published the original content used to generate this news brief on May 01, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here