if only... REAL Business News from Tokyo!

[danny burstein]

[Nikkei Asia]

Classic Japanese audio brand Onkyo files for bankruptcy

Maker of stereos and speakers doomed by market shift to streaming and
smartphones

Osaka - 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.
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https://asia.nikkei.com/Business/Companies/Classic-Japanese-audio-brand-Onkyo-files-for-bankruptcy

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[Richard de Give]

We may have to wait until Monday (Sunday night in the USA) to see how this affects the broader-based TOPIX, which on Friday closed at 1,864.20, up 35.02 points or 1.91 percent. Back to you Thalia.