Pioneer (electronics company)

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Pioneer Corporation

logo
legal form Kabushiki-gaisha (joint stock company)
founding January 1, 1938
Seat Bunkyō , Tokyo , Japan
management Koichi Moriya
Number of employees 17,046 (March 31, 2016)
sales 449.630 billion yen (2016)
Branch electronics
Website www.pioneer.jp

Pioneer KK ( Japanese パ イ オ ニ ア 株式会社 , Paionia Kabushiki-gaisha , English Pioneer Corporation ) is an internationally known electronics company with headquarters in Japan . The company was listed on the Japanese Nikkei 225 stock index.

history

Headquarters in Tokyo
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The company was founded on January 1, 1938 as Fukuin Shokai Denki Seisakusho and renamed Pioneer in 1961. In 1963, the production of car radios started after having been involved in the production of speakers for almost 30 years . In 1972 basic research was started on the image plate system . The first successes with the Laserdisc , presented in the same year, were evident in 1978. In 1990 the first CD-based GPS navigation system was developed. In 2002 Pioneer introduced the first DVD recorder with a hard drive. 2007 was followed by the presentation of the first Blu-ray - burner on the IDF in China, which cost $ 299 at this time.

Pioneer advertising on a Porsche 997 GT3 Cup of the Porsche Supercup

Pioneer entered into a strategic partnership with Sharp in late 2007 to address the rising costs of developing new products.

The first and sole importer in Germany was the Melchers company in Bremen, which was founded by the Pioneer-Melchers subsidiary. This company was taken over by Pioneer Germany, relocated to Düsseldorf and later to Willich , the current headquarters of Pioneer Germany.

On February 6, 2009, the Japanese business newspaper Nikkei announced that Pioneer was planning to withdraw from the production of televisions and DVD players. Due to the strong Japanese yen , which is making exports difficult, the manufacturer is considering discontinuing production. The decision to end the manufacture and sale of televisions was then made on February 12, 2009, on which the results for the past financial year were also announced. In 2008, Pioneer was facing a loss of around one billion dollars.

Parts of the know-how and employees from development and construction were taken over by Panasonic . The factories for the production of panels and assembly were gradually shut down in 2009, and the discontinued products were sold until the warehouses were also empty. The guarantee continues to be guaranteed as usual and the supply of spare parts is ensured.

In September 2014 sold Pioneer 85% of its business area DJ Equipment for 551 million US dollars to the US financial investor KKR .

In March 2015, Pioneer sold 51% of its consumer products business ( AV receivers , amplifiers, headphones, Blu-ray players) to the Chinese investment fund Baring Private Equity Asia ; the remaining 49% received u. a. the former competitor Onkyo . This in turn merged its own home user division with that now acquired by Pioneer. Exactly one year later, the remainder of the Pioneer group, which now mainly focuses on auto accessories, moved its headquarters from Kawasaki to Tokyo .

After a severe crisis, Baring Private Equity Asia also took over the rest of the company for $ 904 million. and the stock's listing on the Tokyo Stock Exchange ceased on March 27, 2019. A week earlier, Pioneer in the Nikkei 225 was replaced by Omron .

Pioneer currently produces various products in the field of consumer electronics, car hi-fi, DJ products and PC drives. With the four-channel effects mixer DJM 800 , Pioneer manufactured one of the most widely used mixing consoles in the club sector from 2009 onwards .

Products

CD turntable from Pioneer

Pioneer manufactures the following products (as of 2016):

The discontinued or meanwhile sold business areas included:

Web links

Commons : Pioneer Corporation  - collection of pictures, videos and audio files

Individual evidence

  1. ↑ https://global.pioneer/en/info/profile/management/
  2. ↑ a b AR 2016 (PDF)
  3. ↑ Heimkino-News - Current news and press releases on heimkinomarkt.de. Retrieved July 20, 2020 .
  4. ↑ Golem: Sharp joins Pioneer on September 26, 2007
  5. ↑ PC World Report: Pioneer to Leave TV Market, Spin off DVD Operations February 6, 2009
  6. ↑ Pioneer and KKR Agree to Pioneer DJ Share Purchase - September 16/2014 ( Memento from December 4, 2016 in the Internet Archive )
  7. ↑ Home AV department: Pioneer sells AV receivers to Onkyo and Investor - Golem.de. Retrieved on July 20, 2020 (German).
  8. ↑ Pioneer sells home AV business to Onkyo & Hong Kong financial investor. June 24, 2014, accessed on July 20, 2020 (German).
  9. ↑ Pioneer and Onkyo complete merger. March 2, 2015, accessed on July 20, 2020 (German).
  10. ↑ Press Release. Pioneer, June 11, 2015, accessed 2020 .
  11. ↑ Martin Kölling: Electronics company: Over 500 million dollars for a traditional company - investor tries to save Pioneer. In: Handelsblatt. September 13, 2018, accessed April 6, 2019 .
  12. ^ Pioneer to slide under Hong Kong fund's umbrella and delist. Retrieved April 6, 2019 (UK English).
  13. ^ Pioneer Announces Delisting of Shares. Pioneer, March 26, 2019, accessed 2020 .
  14. ↑ aktiencheck.de: Belly landing at Boeing - Omron replaces Pioneer in the Nikkei. Retrieved April 6, 2019 .
  15. ↑ DJ Rick Ski: Pioneer DJM-800. In: bonedo.de. 2009, accessed July 20, 2020 .