Lights Off at JVC as Abenomics Finds Exporters in Decline
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The lights are off in the lobby of JVC Kenwood Corp.’s headquarters in Yokohama and there’s no one to greet guests. It’s what’s become a typical weekday afternoon.
The pioneer of the VHS video tape and maker of Japan’s first television set is bracing for tough times. Earnings from car navigation devices -- the hit product that emerged as JVC sales of camcorders and audiovisual systems slumped in the smartphone revolution -- are under pressure. Some car owners have decided an iPhone can guide them just as well.