Audio maker "Onkyo", which is in a slump, was delisted on the 1st.
The company has decided to sell its main businesses such as speakers, and the issue is how to proceed with reconstruction after letting go of the pillars of the business.
Onkyo, which is headquartered in Osaka, fell into a slump due to a decline in profitability, and in the last year's financial results, it was insolvent for the second consecutive term.
Onkyo was listed on the Tokyo Stock Exchange JASDAQ, but was delisted on the 1st based on the standards of the exchange.
For business restructuring, the company has decided to sell its main businesses such as speakers and amplifiers to a joint venture between Sharp and VOXX, an American audio manufacturing and sales company, for more than 3.3 billion yen. ..
With the sale of the business, "ONKYO" brand products will be produced by Sharp and will continue to be sold by VOXX.
The company plans to use the funds obtained from the sale of the business to improve its financial position and then focus on contract production of speakers for PCs and TVs of other companies.
However, the amount of insolvency at the end of March amounted to more than 2.3 billion yen, and it is expected that most of the funds obtained from the sale will be used for repayment to business partners. The challenge is how to proceed.