May 19, 2022
Japan's old brand Onkyo files for bankruptcy
On May 13, 2022, the famous Japanese audio brand Onkyo (ONKYO) Home Entertainment submitted a bankruptcy lawsuit to the Osaka District Court. According to foreign media reports, Onkyo's current total debt is as high as 3.1 billion yen (about 163 million yuan) . "Earnings have deteriorated due to a shrinking market and an increase in the size of [the business]," Onkyo's attorney for the bankruptcy ...
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