TOKYO -- The Tokyo Stock Exchange will pull the plug on its listing of Onkyo Home Entertainment -- once a household name in turntables, stereos and home cinemas -- due to it being mired in negative net worth.
Onkyo reported Wednesday that it expects to book 2.3 billion yen ($20.8 million) in liabilities exceeding assets for the financial year ended the same day. That would mark the second consecutive fiscal year of being in that situation, which triggers the delisting process.
