Founded in 1951 by Masayoshi Morimoto in Tokyo as AIKO Denki Sangyo Co. Ltd., Aiwa was originally a microphone manufacturer that became a pioneer in audio technology, creating Japan's first boombox (1968) and cassette deck (1980). After being acquired by Sony in 2002 and discontinued in 2008, the brand was revived in 2017 by Towada Audio (global except Americas) and currently operates under split ownership with Sakar International/Infinity Lifestyle Brands handling North American markets. The modern Aiwa focuses on affordable audio equipment including Bluetooth speakers and headphones, while expanding into home appliances like kitchen devices and heating/cooling solutions.