ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
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.

Once upon a time, audiovisual was at the forefront of Japan's electronics industry. But in recent years the market has shrunk as smartphones have taken over more and more functions from previously separate gadgets. That has left equipment makers struggling to survive.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more