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Name | Onkyo Corporation オンã‚Âヨー株å¼Â会社 |
Founded | Osaka, Japanas Osaka Denki Onkyo K.K |
Location City | Osaka, Osaka |
Location Country | Japan |
Key people | Munenori Ohtsuki (Chairman, Representative Director, President) Hiroshi Nakano (Vice President, Representative Director) |
Industry | Electronics |
Revenue | US$492 million |
Owner | Ohtsuki family (26.1%)Pioneer Corporation (13.3%) |
Number of employees | 1,814 (2016) |
is a Japanese consumer electronics manufacturer, 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 (ja|音) is from Chinese pronunciation, with traditional Japanese pronunciation as Oto, meaning "the sound". Kyo (ja|響) 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, just above Gibson Brands, with a 16.5% stake. With the bankruptcy of Gibson in 2018, Onkyo's shares held by Gibson were sold, as the company itself reported. 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.