Pioneer Corporation

Last updated
Pioneer Corporation
パイオニア株式会社
Public (K.K)
Traded as TYO: 6773
Industry Consumer electronics
Founded Tokyo, Japan
(1938;81 years ago (1938))
Founder Nozomu Matsumoto
Headquarters28-8, Honkomagome 2-chome, Bunkyō, Tokyo 113-0021, Japan,
Japan
Key people
Susumu Kotani (President)
Products Car audio and automotive navigation systems, Televisions (CRT Lens and Plasma, former product), PC DVD drives including PC DVD recorders, "set-top" DVD players and DVD recorders, Misc. DJ equipment
RevenueIncrease2.svg 386,682 million Yen (2017) [1]
Increase2.svg 4,167 million Yen (2017)
Decrease2.svg 5,054 million Yen (2017)
Number of employees
16,763 (2017)
Website Pioneer Corporation (Japan)
Pioneer global network

Pioneer Corporation(パイオニア株式会社,Paionia Kabushiki-kaisha) commonly referred to as Pioneer, is a Japanese multinational corporation based in Tokyo, Japan, that specializes in digital entertainment products. The company was founded by Nozomu Matsumoto in 1938 in Tokyo as a radio and speaker repair shop, and its current president is Susumu Kotani.

Japan Country in East Asia

Japan is an island country in East Asia. Located in the Pacific Ocean, it lies off the eastern coast of the Asian continent and stretches from the Sea of Okhotsk in the north to the East China Sea and the Philippine Sea in the south.

Multinational corporation Corporation operating in multiple countries

A multinational corporation (MNC) or worldwide enterprise is a corporate organization that owns or controls production of goods or services in at least one country other than its home country. Black's Law Dictionary suggests that a company or group should be considered a multinational corporation if it derives 25% or more of its revenue from out-of-home-country operations. A multinational corporation can also be referred to as a multinational enterprise (MNE), a transnational enterprise (TNE), a transnational corporation (TNC), an international corporation, or a stateless corporation. There are subtle but real differences between these three labels, as well as multinational corporation and worldwide enterprise.

Tokyo Capital of Japan

Tokyo, officially Tokyo Metropolis, one of the 47 prefectures of Japan, has served as the Japanese capital since 1869. As of 2018, the Greater Tokyo Area ranked as the most populous metropolitan area in the world. The urban area houses the seat of the Emperor of Japan, of the Japanese government and of the National Diet. Tokyo forms part of the Kantō region on the southeastern side of Japan's main island, Honshu, and includes the Izu Islands and Ogasawara Islands. Tokyo was formerly named Edo when Shōgun Tokugawa Ieyasu made the city his headquarters in 1603. It became the capital after Emperor Meiji moved his seat to the city from Kyoto in 1868; at that time Edo was renamed Tokyo. The Tokyo Metropolis formed in 1943 from the merger of the former Tokyo Prefecture and the city of Tokyo. Tokyo is often referred to as a city but is officially known and governed as a "metropolitan prefecture", which differs from and combines elements of a city and a prefecture, a characteristic unique to Tokyo.

Contents

Pioneer played a role in the development of interactive cable TV, the Laser Disc player, the first automotive Compact Disc player, the first detachable face car stereo, Supertuner technology, DVD and DVD recording, the first AV receiver with Dolby Digital, plasma display and the last 2 years of plasma models were branded as Kuro), because of their outstanding black levels. and Organic LED display (OLED). The company works with optical disc and display technology and software products and is also a manufacturer. Sharp Corporation took a 14% stake in Pioneer in 2007, [2] which has been reduced to 9%, but Sharp still remains the largest shareholder of Pioneer Corporation, followed by Honda Motor Co., Ltd. who owns roughly 4% of Pioneer shares following a memorandum between the two companies in 2010 to strengthen business ties.

Compact disc Optical disc for storage and playback of digital audio

Compact disc (CD) is a digital optical disc data storage format that was co-developed by Philips and Sony and released in 1982. The format was originally developed to store and play only sound recordings (CD-DA) but was later adapted for storage of data (CD-ROM). Several other formats were further derived from these, including write-once audio and data storage (CD-R), rewritable media (CD-RW), Video Compact Disc (VCD), Super Video Compact Disc (SVCD), Photo CD, PictureCD, CD-i, and Enhanced Music CD. The first commercially available audio CD player, the Sony CDP-101, was released October 1982 in Japan.

DVD Optical disc

DVD is a digital optical disc storage format invented and developed in 1995. The medium can store any kind of digital data and is widely used for software and other computer files as well as video programs watched using DVD players. DVDs offer higher storage capacity than compact discs while having the same dimensions.

A plasma display panel (PDP) is a type of flat panel display that uses small cells containing plasma; ionized gas that responds to electric fields.

In March 2010, Pioneer stopped producing televisions as announced on 12 February 2009. [3] On June 25, 2009, Sharp Corporation agreed to form a joint venture on their optical business to be called Pioneer Digital Design and Manufacturing Corporation. [4] In September 2014, Pioneer agreed to sell Pioneer Home Electronics (Home A/V) to Onkyo, and in March 2015, Pioneer sold its DJ equipment business division to KKR, which resulted in the establishment of Pioneer DJ as a separate entity, independent of Pioneer.

Onkyo company

Onkyo Corporation is a Japanese consumer electronics manufacturer, specializing in premium home cinema and audio equipment, including AV receivers, surround sound speakers and portable devices. The word Onkyo translates as "sound harmony". The company started under the name of Osaka Denki Onkyo K.K in 1946. The current Onkyo Corporation umbrella includes the Integra and Integra Research divisions as well as the main Onkyo brand.

KKR & Co. Inc. is a global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strategic partners, hedge funds. The firm has completed more than 280 private equity investments in portfolio companies with approximately $545 billion of total enterprise value as of June 30, 2017. As of September 30, 2017, Assets Under Management (“AUM”) and Fee Paying Assets Under Management (“FPAUM”) were $153 billion and $114 billion, respectively.

History

Nozomu Matsumoto was a Japanese businessman and inventor who founded Pioneer Corporation. He was born in Kobe, Japan in 1905, the son of a Christian missionary. In 1936, he founded the Fukuin Shokai Denki Seisakusho company in Osaka, whose name roughly translates to "Blessed Sound Electric Company" or "Gospel Electric Company", owing to Matsumoto's Christian faith and belief that his electronic products could help in missionary works. In 1937 he created the A-8 speaker, which he christened 'Pioneer'. Matsumoto relocated to Tokyo in 1938 and started a small factory that repaired radios and speakers. After World War II, the company expanded rapidly.

Tokyo Stock Exchange stock exchange located in Tokyo, Japan

The Tokyo Stock Exchange, which is called Tōshō (東証) or TSE/TYO for short, is a stock exchange located in Tokyo, Japan. It is the fourth largest stock exchange in the world by aggregate market capitalization of its listed companies, and largest in Asia. It had 2,292 listed companies with a combined market capitalization of US$4.09 trillion as of April 2015.

Osaka Securities Exchange Exchange located in Osaka, Japan

Osaka Securities Exchange Co., Ltd. is the second largest securities exchange in Japan, in terms of amount of business handled.

Brands and devices

Original Pioneer logo (1969-1998) Pioneer Corporation logo (1970-1998).svg
Original Pioneer logo (1969–1998)
Pioneer logo (1998-present) Pioneer logo.svg
Pioneer logo (1998–present)
Pioneer DJ business enterprise

Pioneer DJ is a brand of Pioneer Corporation that represents the company's range of DJ products. In March 2015 KKR acquired an 85.05 percent stake. The Pioneer DJ product range comprises DJ mixers, decks, headphones, effects units, all-in-one consoles, DJ software controllers, monitor speakers and various accessories. The current professional grade CDJ-2000 Nexus 2 decks and DJM-900 Nexus 2 mixer can be seen in DJ booths all over the world.

General Motors American automotive manufacturing company

General Motors Company, commonly referred to as General Motors (GM), is an American multinational corporation headquartered in Detroit that designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services, with global headquarters in Detroit's Renaissance Center. It was originally founded by William C. Durant on September 16, 1908 as a holding company. The company is the largest American automobile manufacturer, and one of the world's largest. As of 2018, General Motors is ranked #10 on the Fortune 500 rankings of the largest United States corporations by total revenue.

Chevrolet Cobalt two generations of front-wheel drive cars

The Chevrolet Cobalt is a compact car initially introduced by Chevrolet in 2004 for the 2005 model year. The Cobalt replaced both the Cavalier and the Toyota-based Geo Prizm/Chevrolet Prizm as Chevrolet's compact car. The Cobalt was available as both a coupe and sedan, and was based on the GM Delta platform also shared with the Chevrolet HHR and the Saturn ION. Also available was a high performance, Chevrolet Cobalt SS.

Pioneer Karaoke Channel

Pioneer Karaoke Channel
先鋒卡拉OK頻道
LaunchedJanuary 1996
NetworkPioneer Corporation (Japan)
Astro (Malaysia)
Owned byPioneer Corporation (Japan)
Astro (Malaysia)
Picture format SDTV (480i 4:3)
PAL (576i 4:3)
SloganThe Art of Entertainment
Country Malaysia
Hong Kong
Singapore
Taiwan
Japan
South Korea
Thailand
Italy
Language Teochew (Malaysia)
Chinese (Singapore)
Cantonese (Hong Kong)
Taiwanese (Taiwan)
Japanese (Japan)
Korean (South Korea)
Thai (Thailand)
Broadcast area Southeast Asia
HeadquartersMalaysia:
Klang Valley
Selangor
Availability
Satellite
Astro
(Malaysia)
Channel 61

Pioneer Karaoke Channel (Chinese :先鋒卡拉OK頻道; pinyin :Xiān Fēng Kǎ Lā OK Pín Dào) is a satellite television channel that features Asian music videos and karaoke 24 hours a day. Pioneer and Malaysian satellite broadcaster Astro officially launched in January 1996.

Devices

See also

Related Research Articles

Karaoke form of entertainment involving singing to recorded music

Karaoke is a way of dining interactive entertainment or video game developed in Japan in which an amateur singer sings along with recorded music using a microphone. The music is normally an instrumental version of a well-known popular song. Lyrics are usually displayed on a video screen, along with a moving symbol, changing colour, or music video images, to guide the singer. In several Asian countries such as China, Cambodia or the Philippines, a karaoke box is called a KTV. The global karaoke market has been estimated to be worth nearly $10 billion.

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LaserActive video game console

The LaserActive is a converged device and fourth-generation home video game console capable of playing Laserdiscs, Compact Discs, console games, and LD-G karaoke discs. It was released by Pioneer Corporation in 1993. In addition to LaserActive games, separately sold add-on modules accept Mega Drive/Genesis and PC Engine/TurboGrafx 16 ROM cartridges and CD-ROMs.

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Automotive navigation system satellite navigation system designed for use in automobiles

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DJ mixer audio mixing console used by DJs

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CDJ Line of CD players from Pioneer

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Kuro was the brand name that Pioneer Corporation used for its line of high-definition plasma televisions. "Kuro" means black in Japanese.

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References

  1. "Corporate Outline". Pioneer Corporation. Retrieved 22 February 2018.
  2. "EDN". EDN. Archived from the original on 19 November 2007. Retrieved 22 March 2015.
  3. Lawler, Richard (12 February 2009). "Pioneer officially leaving the TV biz by March 2010, focusing on audio". Engadget.com. Retrieved 25 August 2015.
  4. "Pioneer and Sharp Sign Contract for Optical Disk Joint Venture" (PDF). Pioneer.jp (Press release). Tokyo: Pioneer Corporation, Sharp Corporation. 25 June 2009. Retrieved 25 August 2015.
  5. 40-inch Projection Monitor has been seen in Switzerland on second hand sale.
  6. "Corporate Profile: Pioneer Corporation". Pioneer Corporation. Retrieved 21 November 2013.
  7. Hanson, Erik (7 January 2008). "Hands-on with the Pioneer 9mm-thick Kuro plasma". Engadget.com. Retrieved 25 August 2015.
  8. Hanson, Erik (7 January 2008). "Hands-on with Pioneer's extreme contrast concept plasma". Engadget.com. Retrieved 25 August 2015.
  9. "Pioneer Succeeds in Developing World's First 16-Layer Optical Disc". Pioneer.jp (Press release). Tokyo: Pioneer Corporation. 7 July 2008. Retrieved 25 August 2015.
  10. "Pioneer Moves Its Head Office Location" (PDF). Pioneer.jp (Press release). Pioneer Corporation. 5 November 2009. Retrieved 25 August 2015.
  11. "Pioneer announces CDJ-900" (Press release). 17 September 2009. Archived from the original on 29 September 2011.
  12. "Pioneer announces CDJ-2000" (Press release). 17 September 2009. Archived from the original on 1 December 2011.
  13. Pioneer says to sell DJ Audio Unit to KKR for $550 million retrieved on September 16, 2014
  14. "Pioneer Decided Sale and Relocation of Head Office" (PDF). Pioneer.jp (Press release). Pioneer Corporation. 6 November 2015. Retrieved 15 October 2016.
  15. "Pioneer BDP-HD1 review – CNET". CNET. CBS Interactive. 23 February 2007. Retrieved 22 March 2015.
  16. "Experience KURO – Pioneer UK" . Retrieved 22 March 2015.
  17. https://www.pioneerelectronics.com/PUSA/Cycle+Sports

Sources