JVCKENWOOD Corporation · TSE:6632
JVCKENWOOD — Q1 FYE3/2027 Earnings Presentation
32 slides from JVCKENWOOD's earnings presentation, Aug 3, 2026
Slide 1: Results and Forecast Briefing Q1 FYE3/2027 (IFRS)
JVCKENWOOD Results and Forecast Briefing Q1 of Fiscal Year Ending March 2027 (IFRS) JVCKENWOOD Corporation August 3, 2026 Note : This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese
Slide 2: Financial Highlights
M&T : Mobility & Telematics Services Sector Financial Highlights S&S : Safety & Security Sector ES : Entertainment Solutions Sector ◼ Overview of financial results for Q1 of FYE3/’27 ✓ Revenue increased but core operating income decreased YoY. • Revenue: Revenue increased YoY mainly due to higher sa
Slide 3: Agenda
1. Overview of Financial Results for Q1 of FYE3/ʼ27 2. Full-year Earnings Forecast for FYE3/ʼ27 3. Topics <Reference material>
Slide 4: 1. Overview of Financial Results for Q1 of FYE3/'27
1. Overview of Financial Results for Q1 of FYE3/ʼ27 2. Full-year Earnings Forecast for FYE3/ʼ27 3. Topics <Reference material>
Slide 5: Financial Results for Q1 of FYE3/'27
Financial Results for Q1 of FYE3/ʼ27 （Billion yen） Q1 of FYE3/’25 Q1 of FYE3/’26 Q1 of FYE3/’27 YoY Revenue 87.8 80.2 88.8 +8.6 +10.7% Cost of sales 59.4 55.7 63.8 +8.2 +14.7% Gross profit 28.4 24.5 25.0 +0.4 +1.7% Profit margin 32.3% 30.6% 28.1% Core operating income *1 6.0 3.1 2.0 -1.0 -34.2% Prof
Slide 6: Financial Results for Q1 of FYE3/'27: Results by Sector
Financial Results for Q1 of FYE3/’27: Results by Sector （Billion yen） Q1 of FYE3/’25 Q1 of FYE3/’26 Q1 of FYE3/’27 YoY Revenue 24.2 18.3 18.5 +0.2 +1.1% S&S Core Operating Income 4.5 0.9 0.1 -0.8 -92.3% Revenue 47.9 46.6 53.5 +6.9 +14.8% M&T Core Operating Income 0.6 1.7 0.6 -1.0 -62.3% Revenue 13.4
Slide 7: Factors Contributing to Changes in Core Operating Income
Financial Results for Q1 of FYE3/’27: Factors Contributing to Changes in Core Operating Income ◼ Core operating income decreased YoY due to a higher-than-anticipated surge in memory prices and increased fixed costs. Impact of higher- (Billion yen) than-anticipated memory price increases Impact of cu
Slide 8: Trends in Quarterly Results
Trends in Quarterly Results ◼ In Q1 (April–June), revenue increased YoY, but core operating income declined due to the lingering impact of the U.S. government shutdown on the Communications Systems Business and higher-than-expected increases in memory and other component prices in M&T, despite stron
Slide 9: S&S: Trends in Revenue and Core Operating Income
S&S: Trends in Revenue and Core Operating Income ◼ In Q1 (April–June), revenue increased YoY for the sector as a whole, but core operating income declined, mainly due to lower sales of professional radios for the public safety market resulting from the lingering impact of the U.S. government shutdow
Slide 10: M&T: Trends in Revenue and Core Operating Income
M&T: Trends in Revenue and Core Operating Income ◼ In Q1 (April–June), revenue increased YoY for the sector as a whole, but core operating income declined, mainly due to higher-than-expected increases in memory and other component prices and the impact of ASK’s slowdown in the Chinese market, despit
Slide 11: ES: Trends in Revenue and Core Operating Income
ES: Trends in Revenue and Core Operating Income ◼ In Q1 (April–June), revenue and core operating income both increased YoY for the sector as a whole, mainly due to strong sales in the content business of the Entertainment Business, despite a revenue decline in the Media Business resulting from lower
Slide 12: Consolidated Revenue by Region
Financial Results for Q1 of FYE3/’27:Consolidated Revenue by Region ◼ Revenue increased in Japan due to strong performance in Domestic Dealer-Installed Option Business, and in the Americas mainly due to a recovery in the Communications Systems Business for the enterprise market and the depreciation
Slide 13: Consolidated Profit/Loss Summary
Financial Results for Q1 of FYE3/’27: Consolidated Profit/Loss Summary ◼ Operating profit decreased by approximately 2.8 billion yen, as other income and expenses deteriorated mainly due to a decline in core operating income, a decrease in gains on land sales, and the recognition of restructuring co
Slide 14: Financial Position Summary
Financial Results for Q1 of FYE3/’27: Financial Position Summary ◼ Equity attributable to owners of the parent increased by approximately 1.8 billion yen compared with the previous fiscal year-end, to 145.6 billion yen, despite dividend payments, mainly due to increases in retained earnings and othe
Slide 15: Cash Flow Summary
Financial Results for Q1 of FYE3/’27: Cash Flow Summary ◼ Operating cash flow saw an increase in inflows year on year, as U.S. tariff refunds and an increase in other current liabilities more than offset the decline in core operating income. ◼ Investing cash flow saw a decrease in outflows year on y
Slide 16: 2. Full-year Earnings Forecast for FYE3/'27
1. Overview of Financial Results for Q1 of FYE3/ʼ27 2. Full-year Earnings Forecast for FYE3/ʼ27 3. Topics <Reference material>
Slide 17: Full-year earnings forecast for FYE3/'27
Full-year earnings forecast for FYE3/’27 ◼ Although Q1 revenue exceeded expectations, driven by strong sales in the Domestic Dealer-Installed Option and Entertainment businesses, core operating income fell short of expectations mainly due to lower sales of professional radios for the public safety m
Slide 18: Full-year Forecast by Sector (No revisions)
Full-year earnings forecast for FYE3/’27 : Forecast by Sector （No revisions） (Billion Yen） Forecast for FYE3/'24 FYE3/'25 FYE3/’26 FYE3/’27 YOY Revenue 93.8 100.0 94.7 105.0 +10.3 +10.9% S&S Core Operating Income 16.5 18.6 12.7 15.6 +2.9 +22.5% Revenue 199.4 203.2 195.7 198.0 +2.3 +1.2% M&T Core Ope
Slide 19: 3. Topics
1. Overview of Financial Results for Q1 of FYE3/ʼ27 2. Full-year Earnings Forecast for FYE3/ʼ27 3. Topics <Reference material>
Slide 20: S&S: Communications Systems Business Overview
S&S: Communications Systems Business Overview ◼ Factors behind Q1’s weak performance ✓ In the North American public safety market, prospective projects were postponed or suspended and new orders stagnated due to the lingering impact of the U.S. government shutdown. After government operations resume
Slide 21: Completed Acquisition of San Luis Aviation, Inc.
Completed the Acquisition of SLA as a Subsidiary to Fully Enter the Hybrid Domain ◼ Leveraging “ESChat,” a leading PTToC service with a strong market presence in North America, to secure federal government business New Channel Federal Government Business ⚫ Leveraging SLA’s relationships with the fed
Slide 22: Strong Performance in the M&T OEM Business
Strong Performance in the M&T OEM Business (Domestic Dealer-Installed Option) ◼ New projects have contributed since the end of the previous fiscal year. Project acquisitions 600 continue, with orders already secured for nearly all sales targets under VISION2030. (Billion OEM Business (Domestic Deale
Slide 23: Measures to Address Memory Supply Shortages and Rising Prices
Measures to Address Memory Supply Shortages and Rising Prices; Procurement Status (Previously Disclosed) Measures to address memory supply shortages and rising prices 1Q Overview ✓ Price revisions will be implemented as the primary ・ Although the M&T sector proceeded with price adjustments, measure
Slide 24: Shareholder Returns for FYE3/'27
Shareholder Returns for FYE3/’27 ◼ Share Repurchases Resolved on Aug. 3, 2026 (Maximum Acquisition Amount: ¥3.0 Billion) ◼ Total Payout Ratio Expected to Reach Approx. 39% Including Dividend Forecast Share Repurchases (Announced on Aug. 3, 2026) Ref. Trends in Dividend per Share (Yen) Conducted as p
Slide 25: Recognition for Sustainability Excellence
Recognition for Sustainability Excellence External Recognition and Index Inclusion Changes in Our FTSE Total Score Only 3 Japanese companies, including ・ Selected as a constituent of the FTSE Blossom Japan Index for the sixth consecutive year and of the FTSE us, have received the highest rating of B
Slide 26: Reference material
KW IVCKENWOOD
Slide 27: Business Overview
Business Overview Others Entertainment 3% Mobility & Telematics Services Sector（M&T） Solutions Entertainment OEM Aftermarket 16% Media 7% 9% Professional Systems 356.9 OEM 41% 6% Billion yen Mobility＆ Display audio for trucks Car navigation system Sales composition Safety & Communications (FY2026) T
Slide 28: Main Factors Impacting Core Operating Income
Full-Year Earnings Forecast for FYE3/ʼ27: Main Factors Impacting Core Operating Income （No revisions） (Billion yen) Impact of currency hedging Increase in Decrease in fixed costs allowance for discontinued business ＋8.9 -1.8 -7.3* ＋2.4 +0.4 23.4 20.9 *Increase due to foreign currency translation: -2
Slide 29: Consolidated Revenue & Core Operating Income by Sector
Full-Year Earnings Forecast for FYE3/ʼ27: Consolodated Revenue & Core Operating Income by Sector Revenue (Billion yen) Core Operating Income (Billion yen) ES Others S&S M&T ＋0.3 +1.2 S&S +0.2 +6.9 M&T ES Others -0.8 -0.1 88.8 3.1 80.2 -1.0 ＋0.9 2.0 Q1 Q1 Q1 Q1 FYE3/’26 FYE3/’27 FYE3/’26 FYE3/’27 29
Slide 30: Changes in Management Indices-1
Changes in Management Indices-1 ◼ Trends in Capital investment, Depreciation, and R&D expenses （Billion yen） FYE3/’25 FYE3/’26 FYE3/’27 Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total * Capital investment 7.3 9.0 7.4 7.0 30.6 5.2 5.3 6.5 7.7 24.7 3.7 （Property, plant and equipment＋Intangible f
Slide 31: Changes in Management Indices-2
Changes in Management Indices-2 FYE3/’22 FYE3/’23 FYE3/'24 FYE3/’25 FYE3/’26 ROE（％） 8.1% 18.2% 12.2% 16.9% 12.5% ROA（％） 2.2% 5.6% 4.2% 6.4% 5.1% ROIC（％） 4.0% 8.3% 8.9% 12.1% 8.9% PBR（Times） 0.37 0.63 1.24 1.49 1.07 Ratio of equity attributable to owners of parent to total assets（％） 28.3% 33.0% 36.2%
Slide 32: Forward-looking statements disclaimer
The expressions contained in this presentation referring to the Company's future plans, intentions and expectations are categorized as future forecast statements. Such statements reflect management expectations of future events, and accordingly, are inherently susceptible to risk, uncertainty and ot