Funai Electric Company, Limited (船井電機株式会社,
Kabushiki Kaisha) is a Japanese consumer electronics company
headquartered in Daitō, Osaka, Japan. Its United States-based
Funai Corporation, Inc., based in Torrance, California,
Funai products in the US along with Funai-licensed brands
including Magnavox, Emerson Radio, and Sanyo.
Funai is the main supplier of electronics to
Walmart and Sam's Club
stores, with production quantities easily topping 2 million flat-panel
televisions during the summertime per year for Black Friday sale.
Funai is the OEM providing assembled televisions and video
players/recorders to major corporations such as Sharp, Toshiba, Denon,
and others.
Funai also manufactures printers for Dell
Lexmark and produces printers under the Kodak name.
3 See also
5 External links
Funai was founded by Tetsuro Funai, the son of a sewing machine
manufacturer. During the 1950s before the company was formed, Funai
produced sewing machines and was one of the first Japanese makers to
enter the United States retail market. Then, the introduction of
transistor technology had begun to change the face of the electronics
Funai company was formed, Tetsuro
Funai became CEO for 47
years and a self-made billionaire, and the first actual products
produced were the transistor radios.
Funai launched a sales and manufacturing subsidiary in
Funai also developed the
Compact Video Cassette
Compact Video Cassette (CVC) format
in the same year, a joint development with Technicolor, trying to
VHS and Betamax. Sales were poor and not well-received
due to ongoing
VHS vs. Beta war, and the CVC format was abandoned a
few years later.
Funai began to see rising sales of the
VHS format, so in 1984, Funai
released its first
VHS video cassette player (VP-1000) for the
worldwide market, while ordering all transport chassis mechanisms from
Shintom for quick and efficient production. Funai's belief in lower
competitive prices, high production quantities; without sacrificing
quality; were their biggest keys to success. By the late 1980s, Funai
quickly became the largest 2-head mono
VHS video cassette recorder
(VCR) manufacturer in Japan.
In 1991, a U.S. sales subsidiary was established in New Jersey, and it
began to sell cathode ray tube (CRT) televisions. In 1992, Funai
canceled its contract from
Shintom due to the rising cost of VCR
chassis mechanism and the expensive Japanese labor, and decided to
build its own lower-cost chassis mechanism instead. This creative move
dramatically boosted up profits and reduced VCR prices down fast.
Funai developed a new, permanent strategy in 1993 by opening two new
state-of-the-art factories in China, which transferred all
production out from Japan. By 1997,
Funai became the first
manufacturer to sell a new
VHS VCR below $100 for the North American
Magnavox brand they produced for was the
best-seller. Quickly, Tetsuro Funai, the founder, became Japan's very
first billionaire electronic CEO. Later, the
DVD technology was
formed, and by 2001,
Funai sold its first
DVD player for less than
$100. By then, Funai's U.S. subsidiary had relocated to Torrance,
Funai is one of the world's largest producer of DVD
players, and is now one of the major suppliers of electronics to
Wal-Mart on Black Friday
In 2008, CEO and founder Tetsuro
Funai retired and stepped down from
CEO to become chairman.
Philips signed a seven-year contract with
Funai to license, sell, and distribute Philips- and Magnavox-branded
televisions in North America. In 2013,
Funai acquired the option to
buy the rest of Philips' consumer electronics operations and a license
to globally market
Philips branded consumer electronics. But that
purchase was terminated by
Philips because of what
Philips saw as
breach of contract.
Funai has made inkjet hardware for
Lexmark International, Inc since
1997. In August 2012,
Lexmark announced that it would be ceasing
production of its inkjet printer line. In April 2013, Funai
announced that it had signed an agreement to acquire Lexmark's
inkjet-related technology and assets for approximately $100 million
(approximately ¥ 9.5 billion).
Upon closing of the transaction,
Funai will acquire more than 1,500
inkjet patents, Lexmark's inkjet-related research and development
assets and tools, all outstanding shares and the manufacturing
Lexmark International (Philippines), Inc., and other
inkjet-related technologies and assets. Through this transaction,
Funai will acquire the capabilities to develop, manufacture and sell
inkjet hardware as well as inkjet supplies. The transaction is subject
to customary closing conditions and is expected to close within the
first half of 2013. However, in the year 2015 they started the process
of analyzing printers and its firmware. As of 2015-2016 year, Kodak is
now one of the many projects
Funai service corporation has taken on.
From refurbishing printers to updating firmware on new printers and
even selling the ink jet cartridges.
The decline of
VHS videotape began with the introduction to market of
DVD format in 1997.
Funai continued to manufacture
recorders well into the 21st century, mostly under the
Sanyo brand in
China and North America. In July 2016,
Funai ceased production of VHS
equipment, the last known company in the world to do so, after poor
sales of its last VCR/
DVD player combos.
TP Vision acquired
Philips branded TVs in some countries
^ a b "Notice of Acquisition of Lifestyle Entertainment Businesses of
PHILIPS" (html) (Press release).
Funai Electric Co., Ltd. January 29,
2013. Retrieved September 21, 2013.
Funai Electric Co., Ltd. Lowers Consolidated Full-year Outlook for
FY 2012". Reuters. Archived from the original on May 3, 2012.
^ "Our Brands". 10 November 2016. Archived from the original on 10
^ Lawler, Richard (April 8, 2008). "
Philips handing over North
American TV manufacturing to Funai". engadget. Retrieved September 5,
Philips to take legal action against Funai". 25 October 2013.
Retrieved 23 July 2016.
^ a b "
Funai acquiring Lexmark'sinkjet‐related technology and
assets" (PDF). Press Information (Press release). funaiworld.com.
April 2, 2013. p. 1. Retrieved September 21, 2013.
Lexmark announces restructuring". Lexmark. August 28, 2012.
Retrieved August 28, 2012.
Lexmark to exit inkjet printer market". pcpro.co.uk. August 28,
2012. Retrieved August 28, 2012.
Funai acquiring Lexmark's inkjet-related technology and assets".
Newsroom.lexmark.com. April 1, 2013. Retrieved September 21,
^ Chaney, Jen (28 August 2005). "Parting Words For
VHS Tapes, Soon to
Be Gone With the Rewind". The Washington Post. Archived from the
original on 18 October 2005. Retrieved 22 May 2017.
^ Walton, Mark (21 July 2016). "Last known VCR maker stops production,
40 years after
VHS format launch". Ars Technica. Archived from the
original on 22 May 2017. Retrieved 22 May 2017.
Funai Corporation USA
Funai Business Unit Germany u;oi;oi;jn././.
Funai Electric Co., Ltd.
Funai Electric Company, Limited-Company profile
Electronics industry in Japan
Casio Mobile Communications
Nidec Copal Corporation
Integra Home Theater
Electronic Industries Association of Japan
Japan Electronic Industries Development Association
Japan Electronics and Information Technology Industries Association