Plug the fiberoptic into the minijack and ensure the other end is glowing red. If it is not, then you'll have to enable the optical out as Mb9061 suggested.
Which DAC are you using? The KAV-300 does not have a built in dac, it's an integrated amplifier. A fiber to coax converter merely converts from SPDIF fiber to SPDIF coax, no actual digital to analog conversion is taking place. For that you'll need a DAC.
Which DAC are you using? The KAV-300 does not have a built in dac, it's an integrated amplifier. A fiber to coax converter merely converts from SPDIF fiber to SPDIF coax, no actual digital to analog conversion is taking place. For that you'll need a DAC.