Narrowband  |   Broadband  |  2023-08-09

Communications Business Unit Remains Strong at JVCKENWOOD

Source: The Critical Communications Review | Gert Jan Wolf editor

Company reports continued high-level order backlog for public safety market and increased headcount at EF Johnson Technologies.

At the JVCKENWOOD Results and Forecast Briefing First Quarter of Fiscal- Year Ending March 2024, the company announced significant year-on-year growth in revenue and profit in Q1.

The Safety and Security business Unit continued to show very strong sales in the Communications Systems Business from the previous fiscal year.

Revenue and profit of the Communications Systems Business increased significantly, mainly due to the U.S. and other overseas markets continuing to show very strong sales from the previous fiscal year. In the Professional Systems Business, revenue increased, and losses improved due to a recovery trend in the social infrastructure market.

Highlights

  • Backlog of orders for the private market declined steadily due to increased production.
  • Continued high-level order backlog for public safety market.
  • Increase headcount at U.S. communications systems subsidiary, EFJT (EF Johnson Technologies)
    • New Chief Technical Officer has been hired.
    • Approximately 20 employees to be hired this fiscal year. (eight employees already hired in Q1)
  • Establishing a system to increase production to meet growing demand
    • Private market (Malaysia plant)
      Production volume of NX-1000 is expected to increase by approximately 1.5 times from the previous year.
    • Public safety market (Yamagata Plant) Tri-band model VP8000 in stable production.

 

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