Victor Company of Japan, Ltd. (JVC) announced today its financial results
for the fiscal 2005.
Consolidated total sales decreased 9% to 840.5 billion yen, and operating
income decreased 59% to 10.3 billion yen from the year before due to
postponement of new product developments,slow sales in overseas,
underperformance of music software business, and the steep decline in prices
of digital appliances.
Strong sales of domestic consumer electronics and cuts in purchasing costs
and lowerfixed costs were not enough to compensate for these negative
factors. Net income was likewise down to - 1.8 billion yen.