Pioneer Corporation (パイオニア株式会社, Paionia Kabushiki-gaisha), commonly referred to as Pioneer, is a Japanese multinational corporation based in Tokyo, that specializes in digital entertainment products. The company was founded by Nozomu Matsumoto on January 1, 1938 in Tokyo as a radio and speaker repair shop. Its current president is Shiro Yahara.
Pioneer played a role in the development of interactive cable TV, the LaserDisc 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 (with the last 2 years of plasma models being branded as Kuro, lauded for 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. BMW, Volkswagen Group and Daimler AG of Germany jointly acquired a 3% ownership stake in Pioneer through a joint venture company called Here B.V. Most of Pioneer's shares are held by Mitsubishi.
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. In June 2021, Voxx International announced that it had finalized a licensing agreement with the Pioneer and Pioneer Elite brands "for all markets, except China" as part of their acquisition of Onkyo.[5]
Timeline
1937: Pioneer's founder, Nozomu Matsumoto develops the A-8 dynamic speaker.[6]
January 1938: Fukuin Shokai Denki Seisakusho (precursor of Pioneer) is founded in Tokyo.
May 1947: Fukuin Denki is incorporated.
December 1953: Hi-Fi Speaker PE-8 introduced.
June 1961: Company name changed to Pioneer Electronic Corporation.
February 1969: Shares are listed on the Amsterdam Stock Exchange (now Euronext Amsterdam). U.S. GAAP consolidated financial reporting starts
November 11, 1970: Establishes Warner Bros.-Pioneer Corporation with Warner Bros. Records and Watanabe Productions, becoming a new Japanese distributor of Warner Bros. Records releases.
August 1971: Introduces the HiPac cartridge format
1990: Warner-Pioneer Corp. dissolves after Pioneer's shares were bought by Warner Music Group. Shortly after the company renamed Warner Music Japan Inc. under which is active today.
1990: Pioneer invests in motion picture production company Carolco Pictures
June 1992: Pioneer establishes its regional subsidiary in Southeast Asia, Pioneer Electronics AsiaCentre Pte. Ltd.
October 1992: Introduces the world's first 4x CD-ROM changer.
1993: Pioneer acquires a 50% investment in Live Entertainment from Carolco Pictures
1993: Pioneer establishes Pioneer Entertainment in the U.S. as the American division of Pioneer LDC.
April 1995: Pioneer writes off $90 million of losses from its investment in Carolco and Live.
Pioneer inaugurates and launches Pioneer Karaoke Channel, an Astrosatellite television channel for music video and karaoke programming consists for nightclubs.
December 1996: Introduces DVD/CD player and the world's first DVD/LD/CD compatible player for home use.
October 1, 2004: Pioneer Plasma Display Corporation (previously NEC Plasma Display Corporation) starts operation.
January 2006: President Kaneo Ito and Chairman Kanya Matsumoto, son of the company's founder, leave their posts to take responsibility for the recent poor performance of the maker of DVD recorders and plasma TVs. Vice President Tamihiko Sudo is appointed the new president, effective from January 1 by the board of directors.
December 2006: Pioneer closes its car audio division in Singapore.
January 2007: Pioneer displays their 9 mm (0.35 in) thick concept plasma,[12] as well as their "extreme contrast" concept plasma.[13]
July 2008: Pioneer develops 16-layer Blu-ray Disc capable of storing 400 GB.[14]
November 2009: Pioneer moves its head office from Tokyo to Kawasaki.[15]
August 2012: Pioneer officially launches the XDJ-AERO, Pioneer's first wireless DJ system that plays music from smartphones and tablets via Wi-Fi.
April 2013: Pioneer officially launches the DJM-750.
September 2014: Pioneer would sell its disc-jockey equipment business to private equity firm KKR for about 59 billion yen($550 million).[18]
March 2016: Pioneer moves its head office from Kawasaki to Tokyo.[19]
September 2018: after Pioneer became heavily indebted following its failed forays into car navigation and audio systems, Baring Private Equity Asia injected the company with 60 billion yen ($540 million), allowing Pioneer to settle some of their outstanding bank loans.[20]
March 2019: Pioneer removes its shares from public listing on the Tokyo Stock Exchange to focus on debt restructuring, after the bailout was accepted following an extraordinary shareholder meeting.[21][22][23]
October 2020: A significant incident occurred that impacted Pioneer Corporation's ability to provide replacement logic boards for flagship digital mixers. During a three-day inferno, AKM's semiconductor factory, a key supplier for Pioneer's components, was completely burned down. This unfortunate event had a negative effect on Pioneer's supply chain, leading to extended delays in replacing logic boards for their equipment. As of 2023, the replacement of a logic board still takes at least 7 months due to the aftermath of the fire. Despite these challenges, Pioneer continued to release and sell new equipment that used the same shortage-affected chips. This situation left consumers with limited options, as they faced extended waiting times for repairs. This incident also raised concerns regarding Pioneer's compliance with the Magnuson-Moss Warranty Act, and gigging professionals experienced missed opportunities for wealth generation due to the prolonged equipment downtime. The situation has generated speculation about the possibility of class action lawsuits arising from Pioneer's perceived negligence and unwillingness to allocate a suitable number of new chips to address the needs of purchased boards requiring repair.(AKM, 2020; Korosec, 2021; Pioneer DJ, 2023)
December 2020: PIoneer releases an in-car WiFi router.[23]
June 2021: enters partnership with Cerence to develop conversational AI solutions.[23]
Brands and devices
Pioneer – car electronics
Pioneer Elite produces premium electronics that are usually higher in quality and price. Most Pioneer Elite branded electronics have the gloss black "Urushi" finish.
Pioneer Elite products include AVRs, Laserdisc players, CD players, DVD players, plasma computer monitors and televisions [Now discontinued], and rear-projection televisions. Pioneer Elite debuted their first Blu-ray Disc player, the BDP-HD1, in January 2007.[24] Pioneer released the first 1080p plasma display, the PRO-FHD1.
In Summer of 2007, Pioneer released the Kuro line of plasma displays, that the company claims has the best black levels of any flat panel display which leads to greater contrast, and more realistic images.[25] Kuro means black in Japanese.
Pioneer Cycle Sport – GPS bicycle computers and single/dual-sided crankset-based power meters.[26]
Carrozzeria (Japan only) – car electronics
Pioneer Premier (North America only) – high-end car electronics [Now discontinued]
TAD – Technical Audio Devices. Primarily noted as a manufacturer of high-efficiency audio loudspeaker components and complete speaker systems for the commercial sound reinforcement and recording studio markets. The base for US operations is located in southern California, with limited design/manufacturing done on site. Operations commenced in the early 1980s and continue to this day with a limited offering of speaker components and expanded the offering of consumer speakers and electronics.
Pioneer DJ – DJ equipment. A 85.05 percent majority stake of the brand was sold to private equity firm KKR in 2015 for 59 billion yen ($551 million), but KKR resold it yet again to photo processing machine manufacturer Noritsu in March 2020 for 35 billion yen ($324.9 million).[27]
Pioneer also supplies genuine audio equipments and head units installed for Daihatsu automobiles marketed in Indonesia since the launch of Daihatsu Xenia in 2004.
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 Asianmusic videos and karaoke 24 hours a day. Pioneer and Malaysian satellite broadcaster Astro officially launched on 1 June 1996.
Subsidiary
Sanken Argadwija (Sanken Electronics Indonesia)
Vitron Electronic Industry (Vitron Electronics Indonesia)
Slogan, motto and tagline
The Art of Entertainment
Devices
This section needs expansion. You can help by adding to it. (July 2020)
The GPS device Pioneer Avic, includes TMC features.
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