Victor Co. of Japan said Friday it will stop selling car audio products in Japan on Saturday and focus on its overseas activities.
JVC is struggling to regain its footing and is cutting underperforming operations after suffering losses the past three business years.
The company's domestic car audio sales have been falling on shrinking demand and are much smaller than its overseas sales. It will stop shipping car audio products to Japan from its plant in Indonesia and will shut 10 sales offices in Japan.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.