History
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. In May 2021, Voxx International and Sharp Corporation began negotiations with Onkyo to purchase its home audiovisual division. Voxx's subsidiary Premium Audio Company (PAC) entered a joint venture with Sharp to acquire the business, which includes the Onkyo and Integra brands, for $30.8 million and the assumption of certain debt plus payment of commissions to Onkyo in future. PAC would own 75% of the joint venture and Sharp 25%. PAC would manage all product development, engineering, sales, marketing, and distribution while Sharp would be responsible for manufacturing and supply chain management of Onkyo products. The acquisition was completed in September 2021. Onkyo was delisted from the Tokyo Stock Exchange in August 2021 due to the market's rules on negative net worth. On May 13, 2022, Onkyo announced that it was filing for bankruptcy. Onkyo, Integra, Pioneer and Pioneer Elite branded products continue to be distributed by PAC via its 11 Trading Company subsidiary. PAC and Sharp subsequently bought the remaining assets of Onkyo two months later.Products
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* {{Authority control Companies listed on the Tokyo Stock Exchange Electronics companies established in 1946 Audio equipment manufacturers of Japan Audio amplifier manufacturers Compact Disc player manufacturers Companies that have filed for bankruptcy in Japan Headphones manufacturers Manufacturing companies based in Osaka 1946 establishments in Japan Japanese brands Sound cards