Pioneer Corporation Business Report FY2006
|Financial Overview||( in millions of JPY )|
|Car Electronics Division|
|Sales||359,802||332,101||8.3||Sales increased due to greater sales of car navigation systems and car audio products. OEM sales of car navigation systems increased mainly in North America. OEM sales of car audio products decreased in North America, but increased in Japan and China. OEM sales account for about 36% of the total sales at the car electronics business.|
|( R.C. : Rate of Change )|
The Company established a subsidiary in Shanghai which produces and sells car electronics products such as car audio systems. It will start commercial production in August 2007.
The Company constructed a new plant for producing car electronics products, and started production in April 2007.
The Company plans to double its production capacity for car audio systems. New facilities will start operations in April 2008.
For details, please refer to Investment
|R&D Expenditure||( in millions of JPY )|
|Car electronics business||21,388||23,217||17,816|