[2][3] Apart from producing its own branded electronic products, it was also an OEM providing assembled televisions and video players/recorders to major corporations such as Sharp, Toshiba, Denon, and others.

[4] Funai is the main supplier of electronics to Walmart and Sam's Club stores in the US, with production output in excess of 2 million flat-panel televisions during the summertime per year for Black Friday sale.

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.

Funai developed a new, permanent strategy in 1993 by opening two new state-of-the-art factories in China, which transferred all VHS VCRs production out from Japan.

Today, Funai is one of the world's largest producers of DVD players, and is now one of the major suppliers of electronics to Wal-Mart on Black Friday.

Philips signed a seven-year contract with Funai to license, sell, and distribute Philips- and Magnavox-branded televisions in North America.

[2][3][12][13] On October 29, to the Tokyo High Court the representative director and chairman Yoshiaki Harada lodged an immediate appeal against the decision, arguing that the company was still solvent and could continue its business under a rehabilitation plan.

[12] According to the credit rating agency Teikoku Databank, the company had approximately 46.15 billion yen ($303 million) in liabilities as of the end of March 2024.

[20] Funai continued to manufacture VHS tape recorders into the early part of the 21st century, mostly under the Emerson, Magnavox, and Sanyo brands in China and North America.