History
The company was founded on October 1, 1960, as Toshiba Musical Industries (東芝音楽工業株式会社, Tōshiba Ongaku Sangyō Kabushiki Kaisha?). From 1962, it licensed Columbia (UK) titles for release in Japan. After an injection of capital by Capitol EMI, EMI acquired 50% of the company in October 1973, and the name was changed to Toshiba EMI Limited. On October 3, 1994, the equity ratio of the company was changed, in which EMI obtained 55% with Toshiba owning the remaining 45%. On June 30, 2007, Toshiba Corporation sold the remaining 45% stake in the company to EMI, giving EMI full ownership of the company. The name was then changed to EMI Music Japan, reflecting Toshiba's divestiture from the business.
Read more about this topic: EMI Music Japan
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