The company has also admitted that it is srtuggling to compete in the consumer electronics market and that it has been affected by unexpectedly sharp declines in the selling price for LCD TVs. Matsushita Electric Industrial President, Kunio Nakamura, told business daily Nihon Keizai today that his company had no plans to sell its shareholdings in JVC parent company, Victor, but they were monitoring daily the compay's performance. JVC, which is sold in Australia by Hagemeyer, is also struggling in the camcorder and DVD recorder market, where it admits that ir has been impacted by a major drop in sales of DVD equipment, as well as quality issues.

Find out more about JVC struggling on the Australian DVD recorders market at http://www.smarthouse.com.au.