Onkyo

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

Onkyo Corporation
オンキヨー株式会社
Native name
オンキヨー株式会社
Onkyō Kabushiki-gaisha
Public KK
Traded asJASDAQ6628
IndustryElectronics
FoundedOsaka, Japan September 17, 1946; 74 years ago (1946-09-17) as Osaka Denki Onkyo K.K
Headquarters,
Key people
Munenori Ohtsuki (Chairman, Representative Director, President)
Hiroshi Nakano (Vice President, Representative Director)
ProductsHi-fi and home theater Audio-Visual equipment, ICs, speaker units and related items
RevenueUS$492 million
OwnerOhtsuki family[1] (26.1%)
Pioneer Corporation[1] (13.3%)
Number of employees
1,814 (2016)
DivisionsIntegra Home Theater
Websiteonkyo.com

Onkyo Corporation (オンキヨー株式会社, Onkyō Kabushiki-gaisha) is a Japanese consumer electronics manufacturer,[2] specializing in premium home cinema and audio equipment, including AV receivers, surround sound speakers and portable devices. The word Onkyo translates as "sound resonance". On () is from Chinese pronunciation, with traditional Japanese pronunciation as Oto, meaning "the sound". Kyo () is also from Chinese pronunciation, pronounced as Hibiki (noun) or Hibiku (verb) in traditional Japanese, meaning "resound, sound, or echo". The company started under the name of Osaka Denki Onkyo K.K in 1946 (a company not related to Nippon Denki Onkyo, which became Denon). The current Onkyo Corporation umbrella includes the Integra and Integra Research divisions as well as the main Onkyo brand.

In March 2015, Onkyo purchased Pioneer Corporation's Home Electronics Corporation, which produces home cinema amplifiers, Blu-ray players and other AV products. In return, Pioneer took a 14.95% stake in Onkyo. The Ohtsuki family remained the largest shareholders of the company with an approximately 26% stake,[1] just above Gibson Brands, with a 16.5% stake.[3]

With the bankruptcy of Gibson in 2018, Onkyo's shares held by Gibson were sold, as the company itself reported.[4]

In the summer of 2020, major US retailers Amazon and Best Buy discontinued sales of Onkyo products. A call to Onkyo USA's customer service line indicated the number is no longer in service. Distribution of Onkyo, Pioneer, Integra and Elite products has changed hands from Onkyo USA to 11 Trading Company.

Gallery[edit]

References[edit]

  1. ^ a b c "ONKYO CORPORATION : Shareholders Board Members Managers and Company Profile". MarketScreener.
  2. ^ "Our Brand". Onkyo. Archived from the original on 27 September 2016. Retrieved 25 September 2016.
  3. ^ Andy, Clough (2 March 2015). "Pioneer completes move to become a subsidiary of Onkyo". What Hi-Fi?.
  4. ^ Non-impact on the Onkyo Corporation by GIBSON BRANDS, INC. filing for bankruptcy procedures under Chapter 11 of the U.S. Federal Bankruptcy Code on Onkyo global, Osaka, 18 May 2018

External links[edit]