Product Integration and Market Share Expansion through the Acquisition of 株式会社エレクトリ as a Subsidiary

「The results of the newly consolidated subsidiaries 株式会社エレクトリ and 株式会社JVCケンウッド・アークス contributed to performance.」

「In the first quarter, the Company acquired additional shares in 株式会社エレクトリ, which holds exclusive import agency rights for leading brands of commercial control equipment and consumer high-end audio equipment. In the third quarter, it acquired additional shares in 株式会社JVCケンウッド・アークス, an equity-method affiliate engaged in the system design and installation of commercial audio and video equipment, and made it a consolidated subsidiary.」

「Revenue exceeded the same quarter of the previous year, partly because the newly consolidated 株式会社エレクトリ began contributing to results and sales of distribution products, which form the basis of revenue, continued to perform steadily.」

「㈱エレクトリ imports and sells commercial audio, video and control equipment as well as high-end consumer audio equipment, and holds exclusive import agency rights for several leading brands. It has an extensive track record of supplying schools, government agencies, corporate conference rooms, hotels and entertainment facilities. The products handled by the company are highly compatible with the Group's products. By integrating these products, the Company determined that it would be possible to build systems suited to the digital age that seamlessly connect all types of IT equipment, including audio and video equipment, leading to higher brand value for both companies' products and further market-share expansion. Accordingly, the Company is making it a subsidiary.」