Tetsuro Funai Net Worth is$Billion
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Company Name: Funai Electric Co. Ltd., ????????
Company Logo: Image:Funailogo.png
Company Slogan: Digital Visual Entertainment
Company Type: Public company
Traded As: 6839
Foundation: 1961
Location City: Dait?, Osaka, Osaka Prefecture
Location Country: Japan
Num Employees: 2,861 (2011)
Revenue: 246,100 million/link
Funai Electric Co. Ltd. is a Japanese consumer electronics company headquartered in DaitA?, Osaka, Japan. Its United States-based subsidiary Funai Corporation, Inc., based in Torrance, California, markets Funai-licensed brands including Sylvania, Emerson Radio, Magnavox, Philips, and Symphonic.
Funai is the main supplier of electronics to Wal-Mart and Sam's Club stores, with production quantities easily topping 5 million flat-panel televisions during the summertime per year for Black Friday sale, which all 5 million units easily sold-out within few minutes. Funai is the OEM manufacturer providing assembled televisions and video players/recorders to major corporations such as Sharp, Toshiba, Denon, and others. Funai also manufactures printers for Dell and Lexmark.
Funai was founded by Tetsuro Funai, the son of a sewing machine manufacturer. During the 1950s before the company was formed, Funai produced sewing machines and was one of the first Japanese makers to enter the United States retail market. Then, the introduction of the transistor technology had begun to change the face of the electronics market. The Funai company was formed, Tetsuro Funai became CEO for 47 years and a self-made billionaire, and the first actual products produced were the transistor radios.
In 1980, Funai launched a sales and manufacturing subsidiary in Germany. Funai also developed the Compact Video Cassette (CVC) format at the same year, a joint development with Technicolor, trying to compete with VHS and Beta. Sales were poor and not well-received, and the CVC format was abandoned a few years later.
Funai began to see rising sales of the VHS format, so in 1984, Funai released its first VHS video cassette player for the worldwide market, while ordering all chassis mechanisms from Shintom for quick and efficient production. Funai always believed in lower, competitive prices, high production quantities, while without sacrificing quality were keys to success, and by the late-1980s

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Tetsuro Funai Latest News

Funai Electric and Valens Semiconductor to Demonstrate HDBaseT™ Technology at IFA Conference in Berlin

HOD HASHARON, ISRAEL and BERLIN, GERMANY--(Marketwire - Aug. 24, 2009 ... About Funai Electric Co., Ltd. Founded by Mr. Tetsuro Funai, Fuani Electric was established in 1961 in Osaka, Japan. Funai is ...
Posted: August 24, 2009, 7:52 am

Philips Won't Sell TVs in North America Anymore

Completion of this intended agreement is subject to any mandatory governmental regulatory approvals. According to Tetsuro Funai, President and CEO of Funai Electric Co., Ltd, "Philips and Funai have a ...
Posted: April 8, 2008, 5:42 am

Farewell Funai: Japan's OEM pioneer passes away

TOKYO -- Tetsuro Funai may not have been a famous face on the world's TV screens, but he will be sorely missed by the industry that manufactures them. The charismatic founder of Funai Electric passed ...
Posted: July 8, 2017, 2:00 am
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