#JVCKenwood

JVC Kenwood Corporation plans to cancel 2,435,400 shares of treasury stock (1.48% of total issued shares) on March 31, 2026.

JVC Kenwood Corporation acquired 1,363,600 shares of treasury stock between March 2, 2026, and March 13, 2026, at a total acquisition cost of 1,638,044,900 yen, bringing the cumulative total number of shares acquired to 2,435,400 and the total acquisition cost to 2,999,960,000 yen.

Acquired 1,071,800 shares of our common stock from February 4 to February 27, 2026. Total acquisition cost amounted to 1,361,915,100 yen.

The new executive structure will be launched effective April 1, 2026. The number of directors will be reduced from 14 to 11, the ratio of outside directors will increase from 50.0% to 63.6%, and the ratio of female directors will rise from 14.2% to 27.3%.

For the consolidated Q3 of the fiscal year ending March 2026, net sales decreased 4.4% year-over-year to JPY 258,627 million, operating income declined 11.4% to JPY 14,870 million, and net income attributable to owners of the parent decreased 11.4% to JPY 12,469 million.

Cumulative revenue for Q3 FY2026 was 258.6 billion yen, down 4.4% year-over-year. Operating income was 13.3 billion yen, down 28.3%. Impacted by US tariff measures and parts supply shortages.

JVC Kenwood Corporation will conduct a share buyback of up to 3,000,000 shares and 3 billion yen from February 4, 2026 to April 30, 2026, with all acquired shares scheduled for cancellation. The total shareholder return ratio is expected to be approximately 36%.

Effective April 1, 2026, Mr. Shoichiro Eguchi is scheduled to assume the position of Chairman Executive Officer, and Mr. Akira Suzuki is scheduled to become President Executive Officer. Formal appointments are expected following the shareholders’ meeting in late June.