|Traded as||TYO: 6803|
|Founded||Tokyo, Japan (August 29, 1953 )|
|Headquarters||Ochiai, Tama-shi, Tokyo, 206-8530, Japan|
|Revenue||US$ 185 million) (FY 2014)|
JPY -1.8 billion (FY 2014)(US$ -16.6 million) (FY 2014)
Number of employees
|1,046 (consolidated, as of September 30, 2015)|
|Parent||Gibson Brands, Inc. (54.42%)|
|Footnotes / references
TEAC has four divisions:
- TASCAM - consumer to professional audio products, mostly recording
- ESOTERIC - High-end consumer audio products
- TEAC Consumer Electronics - Mass market audio products
- Data Storage and Disk Publishing Products - Floppy drives, DVD and CD recorders and drives, MP3 players & NAS storage
TEAC is known for its audio equipment, and was a primary manufacturer of high-end audio equipment in the 1970s and 1980s. During that time, TEAC produced notable reel-to-reels, cassette decks, CD players, turntables and amplifiers.
Of particular note is that TEAC produced an audio cassette with tape hubs that resembled reel-to-reel tape reels in appearance. Many manufacturers at the time used these TEAC cassettes in advertisements of their tape decks because the TEAC cassettes looked more professional than standard audio cassettes, and because reel-to-reel tape recordings were known to be of higher quality than cassette recordings.
The company that eventually became the TEAC corporation was founded in August 1953. Originally named the Tokyo Television Acoustic Company, it employed Katsuma Tani, a former aviation and aeronautics engineer, who established a reputation as a highly qualified creator of audio equipment.
In 1956 his brother, Tomoma Tani, brought home a hand-made, 3-motor, 3-head stereo tape recorder. This sparked Katsuma's interest in reel-to-reel tape recorders. Confident they could engineer a better tape recorder, the Tani brothers founded the Tokyo Electro-Acoustic Company on December 24, 1956.
The Tokyo Television Acoustic Company and the Tokyo Electro-Acoustic Company were merged to create the TEAC corporation. The main focus of the new company was to design and manufacture tape recorders.
In 2013 Gibson Brands Inc. bought a majority stake in the company.
Computer tape memory systems
In May 1961 TEAC entered into a licensing agreement with IBM to create magnetic tape memory systems.
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- "TEAC Corporation - Company Profile, Information, Business Description, History". ReferenceforBusiness.com. Advameg, Inc. Retrieved March 11, 2016.
- Alberts, Randy (2003). TASCAM: 30 Years of Recording Evolution. Hal Leonard Corporation. p. 15. ISBN 978-0-634-01156-6.
- "Gibson Guitar to buy TEAC, add "Cool Japan" engineering technology". Reuters. Thomson Reuters. March 29, 2013. Retrieved March 11, 2016.