Author Topic: Onkyo files for Bankruptcy  (Read 459 times)

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Offline juneaki

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Onkyo files for Bankruptcy
« on: May 17, 2022 at 10:03 AM »
Classic Japanese audio brand Onkyo files for bankruptcy

Japanese audio equipment maker Onkyo Home Entertainment filed for bankruptcy at Osaka District Court on Friday, with total liabilities of around 3.1 billion yen ($24 million).

The Osaka-based company was delisted in August. It was unable to keep pace with changes in how people listen to music, as users shift from audio equipment like compact stereo systems -- once Onkyo's core business -- to devices like smartphones for streaming services.