Page 13 - SB volume 12 for web
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MISSION: To provide our valued clients   total revenues being generated outside Japan,   However, the new direction of Aiwa
        and shareholders with the best and most   43 percent in North and South America, 25   under Sony did not meet consumer and
        high-quality products beneficial to the   percent  in  Europe,  and  13  percent  in  Asia   sales expectations.
        daily needs of society through continuous   outside Japan and other regions.
        product  innovation and development. Our                                       On January 21, 2005, new product development
        passionate pursuit of bringing people together   Although not officially an affiliated company of   ended, and by 2006, Aiwa products were
        around entertainment.                  consumer electronics giant Sony Corporation,   discontinued and no longer sold in the market.
                                               by 1982, Sony had a 54.6% stake in the   Sony announced the termination of the brand
        Camaraderie among employees – our mutual   company, effectively giving it majority control.  entirely on May 14, 2008.
        trust has bear fruits through sharing excellent
        ideas and creating an inextricably intertwined   With growing competition throughout the late   As of January 2014, the Aiwa website
        interconnectivity in aiming for shared   1990s, the company slid towards bankruptcy.  still existed to provide customer-support
        common goals and aspirations.                                                  telephone numbers for some territories and
                                               In March 2001, the company’s president,   regions, but it also contained many broken
        Loyalty to our commitment – our vision   Masayoshi Morimoto, announced halving   links  and  blank  pages.  In  other  areas,  such
        and mission are our roadmaps to achieve   its workforce following a second consecutive   as  Europe, it  redirected  to  a  page  on  the
        our  obligation  to provide our  clients the   loss-making year.               Sony website stating that the Aiwa website
        satisfaction that they need.                                                   had closed.
                                               Acquisition by Sony - The company’s logo as
        Integrity – every output we create is traced   part of Sony (2004–2006)        On April 11, 2017, Japanese audio equipment
        back to our strong moral values and ethics.                                    manufacturer Towada Audio announced that
        Passion for excellence – our unlimited pursuit   The  troubled  company  was  then  fully   it acquired the Aiwa brand rights from Sony
        of providing our clients with great deals while   purchased by Sony Corporation. As of   and would produce Aiwa-branded audio and
        simultaneously innovating and developing   December  31,  2003,  Aiwa  ceased  to  be  a   record player products.
        new products to cater to the fast-changing   separate company and became a wholly owned
        needs of the society                   division of Sony.                       In 2021, Aiwa partnered with 5,000 retailers in
                                                                                       India to relaunch the country.
        HISTORY                                In January 2004, Sony announced the
        The company was founded on June 20, 1951, as   rebranding and relaunch of Aiwa as a “youth-  In 2018, AIWA was awarded SUPERBRAND
        AIKO Denki Sangyo Co., Ltd., manufacturing   focused, PC-centric” electronics brand. A new   status and, to date, remains in the
        microphones, and changed its name to Aiwa   logo of Aiwa was presented to the world’s media   SUPERBRAND program.
        Co., Ltd., on March 10, 1959. Mitsuo Ikejiri   along with a statement of Sony’s intention to
        served as president until 1969.        invest in and “revitalize” the Aiwa brand. The   RECENT DEVELOPMENTS
                                               direction proposed was to capitalize on the   Despite the pandemic years, AIWA
        In  1968,  Aiwa  marketed  Japan’s  first  boom   growing trend among personal-computer-  Philippines has managed to sustain its
        box, the TPR-101, and the first cassette deck,   literate teenagers and young adults to use their   market edge other than staying in the market.
        TP-1009.  Despite  Sony  being  the  major   PCs for all forms of entertainment (television,   The AIWA global brand has maintained
        shareholder, healthy competition between the   films, music, chat). It was also used to expand   its  presence  and  market  leadership  in
        two brands was believed to be profitable.  in markets where Sony is not as strong.  the Philippines.

        In 1980, Aiwa created the world’s first personal
        stereo recorder, TP-S30.

        In 1990, Aiwa created the HP-J7 earbuds,
        designed to be vertically inserted into the ear.

        In 1993, the first CD+G-compatible portable
        CD player, the XP-80G, was made.


        In 1995, it released a PHS mobile phone called
        the  PT-H50,  which  was  made  for  the  DDI
        Pocket network in Japan. That same year, an
        electric toothbrush, the HA-C10, was released.
        Aiwa manufactured more than 89 percent
        of its output outside Japan, with a heavy
        emphasis on the lower-cost Southeast Asian
        nations of Singapore, Malaysia, and Indonesia.
        The company was also heavily dependent on
        overseas sales, with more than 80 percent of


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