JVC May Shutter Japanese TV Business

A report from the Nikkei News Service picked up by TWICE says that JVC is considering a plan to withdraw from the Japanese flat-panel TV market, focusing solely on Europe and North America. If the plan comes to fruition, JVC would be the first Japanese TV manufacturer to retreat from Japan, yet another signal that falling prices and declining profit margins are hurting the ability of manufacturers to stay competitive in the LCD TV business.

JVC is merging with Kenwood later this year, a move that may also be impacting the possible pullout from the Japanese TV market.