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.