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 Plugs Into Disney Event

"I hope that this tournament will help Funai become an even more popular company with Americans," said Tetsuro Funai, the company president. The formal signing of Funai means Central Florida fans will have a second Florida Swing. In addition to the four ...
Posted: November 19, 2002, 4:00 pm

Funai Electric and Boston Red Sox announce fourth year of the Red Sox U.S./Japan Youth Baseball Exchange

ABOUT PRESENTING SPONSOR FUNAI ELECTRIC CO., LTD. Funai Electric Co., Ltd. Founded by Mr. Tetsuro Funai, the company was established ... The official team charity of the Boston Red Sox, the Red Sox Foundation harnesses the power of Red Sox Nation to ...
Posted: July 24, 2011, 4:20 am

Tetsuro Funai, founder of Funai Electric, dies aged 90

OSAKA – Tetsuro Funai, the founder of audiovisual electronics maker Funai Electric Co., known for his business strategy of mass producing items at low cost, died of pneumonia at an Osaka hospital on Tuesday, the company said. He was 90. Born in Kobe ...
Posted: July 5, 2017, 9:51 am

Philips Aims To Improve Profitability of Its TV Business

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 long history together, and we are proud to be the ...
Posted: April 7, 2008, 5:00 pm

Japan's Missing Generation Of Entrepreneurs

This vigor means more founders are staying at the companies they helped start–take Tetsuro Funai (No. 49) who was recently reelected to the board of his Funai Electric at age 88, or Yoshiko Shinohara (No. 46), who joins the list at age 80 as the stock ...
Posted: April 1, 2015, 2:45 pm
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