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Business trends

Sun sets on Japan's once-shining AV equipment industry

As market shrinks, Onkyo sells assets to focus on contract manufacturing

Onkyo, which got its start in 1946 and made a name for itself as a maker of high-quality audio equipment, will sell off its audiovisual business to a U.S. company to focus on contract manufacturing.

TOKYO -- The decline of Japan's audiovisual industry shows no sign of stopping, with Onkyo preparing to sell off its flagship audiovisual business to a U.S. peer and concentrate on contract manufacturing.

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