It was the ninth clarified for JVC Kenwood Holdings to expected to come off from the equity method application company of Panasonic, and to part from the Panasonic group in fact.

It was the ninth clarified for JVC Kenwood Holdings to expected to come off from the equity method application company of Panasonic, and to part from the Panasonic group in fact.

JVC with Victor Company of Japan and Kenwood in the subsidiary will be launched out into to the capital increase of 10 billion yen dimension next January as part of the management reconstruction.
Panasonic doesn't undertake the capital increase, and reduce the equity position from present about 28% in stages.
Finally, the direction assumed to be less than 20% outside the application of the equity method.

JVC plans to merge Victor and Kenwood for making to the operating efficiency, strengthens an independent color, and advances the reconstruction.

Panasonic sustains the capital contribution of about 28%, and has supported the management of JVC below in business integration that Kenwood added Victor that was the subsidiary in 2008 to the subsidiary.
However, to back up the independence of JVC, the policy of reducing the equity position in stages was come up with. The patent right of Victor is bought, and the strengthening of the financial ground of JVC will be coordinated in the direction where the aspect is supported in the future.

The source
http://www.yomiuri.co.jp/atmoney/news/20101209-OYT1T00612.htm?The table from=main2 "Panasonic that reaches longer than half a century and dealings of JVC" is http://www.yomiuri.co.jp/photo/20101209-143746-1-L.jpg.
- Panasonic http://panasonic.co.jp/index3.html stock price http://company.nikkei.co.jp/index.aspx?scode=6752
- JVC Kenwood Holdings http://www.jk-holdings.com/stock price http://company.nikkei.co.jp/index.aspx?scode=6632

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