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You are here: Home / Archives for TCL Multimedia

TCL Multimedia

Onkyo Corp. is Insolvent; Now It’s in a Struggle to Survive

November 18, 2020 by Ted 28 Comments

image from Onkyo report on Fiscal 2020 results
Image from Onkyo report on fiscal 2020 results, heading section on new plans [Click to enlarge]

Onkyo Corporation had a really tough fiscal 2020 – the fiscal year that ended March 31, 2020. How tough was it? So tough that the company was forced to announce that a massive drop in revenues and record losses had pushed the company into insolvency – calling into question its ability to continue as a going concern. It doesn’t get much tougher than that. And this announcement triggered a Tokyo Stock Exchange action – invoking a rule that starts a clock on a limited grace period for the company to cure the situation – their insolvency – before a forced delisting from the JASDAQ stock exchange is implemented.

So what happens now with Onkyo?

[Read more…] about Onkyo Corp. is Insolvent; Now It’s in a Struggle to Survive

Filed Under: Asian Connection, Financial, Management, Manufacturers, News, Strategy Tagged With: Gibson Brands, Gibson Guitar, Onkyo, Onkyo USA, Sound United, TCL, TCL Multimedia

TCL Multimedia Obtains Global Rights to Onkyo Brand

April 19, 2018 by Ted Leave a Comment

TCL Multimedia logoIn an announcement out of Hong Kong and reported on by Bloomberg News and others, TCL Multimedia, the large Chinese manufacturer of mostly inexpensive televisions, has announced it has obtained the rights to the Onkyo brand name which it intends to use to create Smart AV products. The company says it has the rights to the Onkyo brand globally, in all markets except Japan.

See more on what we know about this TCL Multimedia and Onkyo partnership… [Read more…] about TCL Multimedia Obtains Global Rights to Onkyo Brand

Filed Under: Brands, Management, Manufacturers, News, Pivot Point, Strategy Tagged With: Onkyo, TCL Multimedia

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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