Onkyo Corp.

End of an Era: Onkyo Shareholders Vote to Sell Off Home Entertainment Division

June 25, 2021 by Ted Leave a Comment

Photo of Onkyo Atmos models at CE Week — *Onkyo Atmos-ready AV models at a past CE Week [Click to enlarge]*

BREAKING NEWS

In a rather terse announcement to investors posted today, Onkyo Home Entertainment Company, Ltd. announced that, by a majority vote of company shareholders, the sale of the company’s Home Entertainment Division to Voxx International has been approved. This vote of approval was widely anticipated and represents the last formality in the transfer of the company over to Voxx. This is the first time since 1945 that Onkyo’s parent company is no longer involved in the home entertainment business.

See more on this end of an Onkyo era

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Oh-Oh: Deadline for Onkyo & VOXX Agreement Passes with No Deal

May 20, 2021 by Ted 1 Comment

Onkyo web page — *From Onkyo’s website…*

BREAKING NEWS

Oh-oh! I thought today I would be confirming that the VOXX/Sharp/Onkyo definitive agreement – which was supposed to be concluded today, May 20, 2021 – was in fact fully executed as directed in the original tentative agreement. But instead, I have learned that the definitive agreement for this sale was NOT in fact signed today, as dictated in the preliminary agreement. Now what?

Is There Trouble in Osaka for Onkyo?

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Onkyo Corps’ Struggle to Survive: The Situation has Become Dire

April 7, 2021 by Ted Leave a Comment

photo of Onkyo component system — *Onkyo turntable and component system from days gone by…*

Last Thursday, Onkyo notified the Tokyo Stock Exchange that its latest forecast for fiscal 2021 results shows that – despite their best efforts – the company remains insolvent. It was a disappointing announcement, as it means that the company’s well thought-out plans to return to solvency failed. So what happens now?

What happens to Onkyo now?

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SnapAV & Integra Announce a New Exclusive Distribution Deal

December 9, 2020 by Ted Leave a Comment

On Tuesday, SnapAV announced that it has inked an agreement with Onkyo Corporation to become the exclusive distributor of the company’s Integra brand for the countries of Australia and New Zealand. SnapAV says this new appointment will take effect on February 1, 2021.

Learn more about this new distribution deal…

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Gibson Brands Continues to Show Signs of Strain

November 2, 2017 by Ted 1 Comment

Downsizing Factory & Dilution of Onkyo Ownership

Recent developments have thrust Gibson Brands back into the spotlight once again – a spot that CEO Henry Juszkiewicz doesn’t particularly enjoy, unless he’s there on his own terms. But this time, two tidbits of news have conspired to bring Gibson, and their financial challenges to the fore. And as we try to digest all of this, it’s clear that Gibson is continuing to show signs of strain due to sluggish results from its aggressive diversification into consumer electronics jeopardizing its ability to deal with looming huge debt payments on the loans used to acquire CE brands.

See the news that shines a light on Gibson’s troubled financial position… [Read more…] about Gibson Brands Continues to Show Signs of Strain

Pioneer Says Merger Talks with Onkyo Continue; But Equity Partner Appears Sidelined

September 18, 2014 by Ted Leave a Comment

Pioneer Corporation released an interesting document on September 12th – while much of the tech media was in Denver for CEDIA – titled Notice with Respect to Basic Agreement for the Integration of Pioneer’s Home AV Business and Onkyo. This curious document, six pages long, gives an update as to the state of the discussions between the parties in the previously announced “basic agreement” between Pioneer, Onkyo, and Baring Private Equity Asia for a “Capital/Business Alliance” related to Pioneer’s Home AV business.

Now, apparently, the deal’s changed…with Baring PE pushed to the sidelines… [Read more…] about Pioneer Says Merger Talks with Onkyo Continue; But Equity Partner Appears Sidelined

Gibson Guitar Admits It Broke the Law; Settles with DOJ to Avoid Criminal Prosecution

August 8, 2012 by Ted Leave a Comment

Gibson Guitar Corp., a manufacturer of musical instruments and significant shareholder in Onkyo Corp. and majority owner of Onkyo USA, has entered into a “Criminal Enforcement Agreement” with the U.S. Department of Justice settling matters and circumstances surrounding government allegations of their illegal purchase and importation of woods and materials protected by environmental regulations and laws. As part of their settlement, Gibson admits the government’s allegations are true, agrees to pay a penalty of $300,000, agrees to an additional “community service” payment of $50,000 to the National Fish and Wildlife Foundation, implements a strict compliance program (approved by DOJ enforcers) to prevent future violations, and relinquishes claim to more than $260,000 worth of government-seized illegally imported materials. [Read more…] about Gibson Guitar Admits It Broke the Law; Settles with DOJ to Avoid Criminal Prosecution

Onkyo Corp.

End of an Era: Onkyo Shareholders Vote to Sell Off Home Entertainment Division