Summary
For Pioneer third quarter of fiscal 2016, the three months ended December 31, 2015,
consolidated net sales declined 14.3% year on year, to ¥116,861 million. This decrease
was mainly due to the impact of the transfers of the home AV business and DJ
equipment business in fiscal 2015, and a decline in consumer-market car audio sales in
emerging markets coupled with a negative effect of currency depreciation there, despite
an increase in sales of both OEM and consumer-market car navigation systems.
Pioneer