Onkyo

{{Infobox company

| name = Onkyo Corporation
オンキヨー株式会社

| native_name = オンキヨー株式会社

| native_name_lang = ja

| romanized_name = Onkyō Kabushiki-gaisha

| logo = Image:Onkyo logo.svg

| type = Joint venture

| image = Kitahama Central Building.jpg

| image_caption = Kitahama Central Building in Osaka, headquarters of Onkyo

| traded_as =

| genre =

| predecessor =

| foundation = Osaka, Japan {{Start date and age|1946|9|17}} as Osaka Denki Onkyo K.K

| founder =

| defunct =

| location_city = Osaka

| location_country = Japan

| location =

| locations =

| area_served = Worldwide

| key_people = Munenori Ohtsuki (Chairman, Representative Director, President)
Hiroshi Nakano (Vice President, Representative Director)

| industry = Electronics

| products = Hi-fi and home theater Audio-Visual equipment, ICs, speaker units and related items

| services =

| revenue = US$492 million{{when?|date=April 2025}}

| operating_income =

| net_income =

| aum =

| assets =

| equity =

| owner = Premium Audio Company Voxx International (75%)
Sharp Corporation (25%)

| num_employees = 1,814 (2016)

| parent =

| divisions = Integra Home Theater

| subsid =

| homepage = {{URL|https://onkyo.com}}

| footnotes =

| intl =

}}{{Nihongo|Onkyo Corporation|オンキヨー株式会社|Onkyō Kabushiki-gaisha}} is a Japanese consumer electronics company,{{Cite web |title=Our Brand |url=http://www.hk.onkyo.com/en/explore/brand |url-status=dead |archive-url=https://web.archive.org/web/20160927040613/http://www.hk.onkyo.com/en/explore/brand |archive-date=27 September 2016 |access-date=2016-09-25 |website=Onkyo}} specializing in premium home cinema and audio equipment, including AV receivers, surround sound speakers and portable devices.

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 company's umbrella included Integra and Integra Research divisions as well as the main Onkyo brand.

It became Onkyo Home Entertainment Corporation after purchasing Pioneer Home Electronics. The company became bankrupt in 2022; the Onkyo brand now does business under joint ownership by Sharp Corporation and Voxx International.{{cite web | url=https://www.whathifi.com/news/onkyo-is-set-to-return-to-europe-under-the-ownership-of-sharp-in-the-autumn | title=Onkyo is set to return to Europe this autumn, with Sharp taking on all the brand's manufacturing | date=15 July 2022 }}

Name

The word Onkyo translates as "sound resonance". On ({{lang|ja|音}}) is from Chinese pronunciation, with traditional Japanese pronunciation as Oto, meaning "sound". Kyo ({{lang|ja|響}}) is also from Chinese pronunciation, pronounced as Hibiki (noun) or Hibiku (verb) in traditional Japanese, meaning "resound, sound, or echo".

History

Onkyo was founded by Takeshi Goda in 1946 while he worked in sound at Matsushita Electric.{{Cite web |title=菅野沖彦ピュアオーディオへの誘い - PHILE WEB |url=https://www.phileweb.com/magazine/sugano/archives/2008/04/04.html |access-date=2023-08-08 |website=www.phileweb.com}} It was renamed Osaka Onkyo in 1947. The company name changed from Osaka Onkyo K.K. to Onkyo Corporation in 1971.{{Cite web |title=ONKYO 70th ANNIVERSARY Website |url=http://www.onkyo.com/70th/en/index.html |access-date=2023-08-08 |website=ONKYO 70th ANNIVERSARY Website |archive-date=25 August 2019 |archive-url=https://web.archive.org/web/20190825011856/https://www.onkyo.com/70th/en/index.html |url-status=dead }}

The Integra amplifier series was introduced in 1969. In 1993, Onkyo acquired Lucasfilm's THX certification and then launched the first ever THX-certified AV consumer receiver.

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,{{cite web|url=https://www.marketscreener.com/ONKYO-CORPORATION-14116063/company/|title=ONKYO CORPORATION : Shareholders Board Members Managers and Company Profile|website=MarketScreener}} just above Gibson Brands, with a 16.5% stake.{{cite web|url=https://www.whathifi.com/news/pioneer-completes-move-to-become-subsidiary-onkyo|title=Pioneer completes move to become a subsidiary of Onkyo|first=Clough|last=Andy|date=2015-03-02|website=What Hi-Fi?}}

With the bankruptcy of Gibson in 2018, Onkyo's shares held by Gibson were sold.[https://www.onkyo.com/whats_new/2018_0502.html Non-impact on the Onkyo Corporation by GIBSON BRANDS, INC. filing for bankruptcy procedures under Chapter 11 of the U.S. Federal Bankruptcy Code] {{Webarchive|url=https://web.archive.org/web/20190825011856/https://www.onkyo.com/whats_new/2018_0502.html |date=25 August 2019 }} on Onkyo global, Osaka, 18 May 2018

In May 2021, Voxx International and Sharp Corporation began negotiations with Onkyo to purchase its home audiovisual division.{{Cite web |last=Hirashima |first=Kento |date=2021-05-02 |title=Audio brand Onkyo weighs last-ditch sale of core business |url=https://asia.nikkei.com/Business/Electronics/Audio-brand-Onkyo-weighs-last-ditch-sale-of-core-business |access-date=2022-05-18 |website=Nikkei Asia |language=en-GB}} 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%, and 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.{{Cite web |last=Nichols |first=Andrew |date=2021-06-28 |title=VOXX, Sharp Acquire Onkyo and Integra for $30.8M |url=https://www.cepro.com/audio-video/voxx-sharp-acquire-onkyo-integra-for-30-million/ |access-date=2022-05-18 |website=CEPRO |language=en-US}}{{Cite web |last=Knott |first=Jason |date=2021-09-09 |title=VOXX, Sharp Complete Acquisition of Onkyo, Integra |url=https://www.cepro.com/news/voxx-sharp-complete-acquisition-of-onkyo-integra/ |access-date=2022-05-18 |website=CEPRO |language=en-US}}

Onkyo was delisted from the Tokyo Stock Exchange in August 2021 due to the market's rules on negative net worth.{{Cite web |last=Richards |first=David |date=2022-05-15 |title=Sound Company Onkyo Files For Bankruptcy |url=https://www.channelnews.com.au/sound-company-onkyo-files-for-bancruptcy/ |access-date=2022-05-18 |website=Channelnews |language=en-US}}

On May 13, 2022, Onkyo announced that it was filing for bankruptcy.{{Cite web |last=Hirashima |first=Kento |date=2022-05-13 |title=Classic Japanese audio brand Onkyo files for bankruptcy |url=https://asia.nikkei.com/Business/Companies/Classic-Japanese-audio-brand-Onkyo-files-for-bankruptcy |access-date=2022-05-18 |website=Nikkei Asia |language=en-GB}} Onkyo, Integra, Pioneer and Pioneer Elite branded products continue to be distributed by PAC via its 11 Trading Company subsidiary.{{Cite web |last=Archer |first=Robert |date=2022-05-16 |title=Premium Audio Company Issues Onkyo Bankruptcy Statement |url=https://www.cepro.com/audio-video/premium-audio-company-issues-onkyo-statement/ |access-date=2022-05-18 |website=CEPRO |language=en-US}} A professor noted in The Asahi Shimbun that Onkyo prioritized its manufacturing quality to the detriment of its adaptability to market conditions, with the advent of the smartphone killing off the middle segment of the hi-fi market.{{cite news |last1=Jozuka |first1=Ryo |title=Onkyo's decline a cautionary tale for Japanese manufacturers |url=https://www.asahi.com/ajw/articles/14657670 |access-date=July 6, 2024 |work=The Asahi Shimbun |date=July 17, 2022}} PAC and Sharp subsequently bought the remaining assets of Onkyo two months later.{{cite news |last1=Stone |first1=Mary |title=Onkyo is set to return to Europe this autumn, with Sharp taking on all the brand's manufacturing |url=https://www.whathifi.com/news/onkyo-is-set-to-return-to-europe-under-the-ownership-of-sharp-in-the-autumn |access-date=24 September 2022 |work=What Hi-Fi? |date=15 July 2022 |archive-url=https://web.archive.org/web/20220715155654/https://www.whathifi.com/news/onkyo-is-set-to-return-to-europe-under-the-ownership-of-sharp-in-the-autumn |archive-date=15 July 2022 |url-status=live |language=en}}