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EXHIBIT 1.01

(Translation)

THE ARTICLES OF INCORPORATION

as amended as of June 27, 2003

PIONEER CORPORATION

(Pioneer Kabushiki Kaisha)





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(Translation)

THE ARTICLES OF INCORPORATION OF
PIONEER CORPORATION(Pioneer Kabushiki Kaisha)

CHAPTER I
GENERAL RULES

(Trade Name)

|           |  |                                                                                                         
|---------- |  | --------------------------------------------------------------------------------------------------------
|Article 1. |  | The Company shall be called Pioneer Kabushiki Kaisha, and its
English name shall be Pioneer Corporation.

(Purpose)

|           |  |                                                                                  
|---------- |  | ---------------------------------------------------------------------------------
|Article 2. |  | The purpose of the Company shall be to engage in the
following lines of business:



| | (1)  |  | Manufacture and sale of electronic and electrical
machinery and appliances.                                                 
| | ---- |  | ----------------------------------------------------------------------------------------------------------------------------
|
| | (2)  |  | Manufacture and sale of optical instruments,
medical instruments, and other machinery and appliances.                       
|
| | (3)  |  | Planning, production, manufacture and sale of
audio, video and computer software.                                           
|
| | (4)  |  | Manufacture and sale of woodworks.                                                                                          
|
| | (5)  |  | Manufacture and sale of agricultural products and
plant for their cultivation.                                              
|
| | (6)  |  | Sale of foods and beverages including liquor, and
operation of restaurants and amusement facilities.                        
|
| | (7)  |  | Sale and purchase, rental and lease, and
management of real estate and real estate agency business.                         
|
| | (8)  |  | Publishing and printing business, advertising
agency business, construction business and non-life insurance
agency business.
|
| | (9)  |  | Acquisition, management and transfer of
industrial property rights, copyrights and other intellectual
property rights.      
|
| | (10) |  | All business incidental and related to each and
every one of the business in the preceding paragraphs.                      





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2

(Head Office)

|           |  |                                                            
|---------- |  | -----------------------------------------------------------
|Article 3. |  | The Company shall have its head office in Meguro-ku, Tokyo.

(Public Notices)

|           |  |                                                                                             
|---------- |  | --------------------------------------------------------------------------------------------
|Article 4. |  | Public notices of the Company shall be given in the Nihon
Keizai Shimbun published in Tokyo.

CHAPTER II
SHARES

(Total Number of Shares Authorized to be Issued by the Company)

|           |  |                                                                                                                                                                                                                                                                                            
|---------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Article 5. |  | The total number of shares authorized to
be issued by the Company shall be
four-hundred million (400,000,000)
shares; provided, however, that if shares
are retired, the total number of shares
authorized to be issued by the Company
shall be reduced by the number of shares
so retired.

(Number of Shares Constituting One Unit of Stock and Non-Issuance of
Certificates for Shares Constituting Less than One Full Unit)

|           |  |  |  |     |  |                                                                                                                                                                           
|---------- |  |  |  | --- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Article 6. |  |  |  | (1) |  | The number of shares constituting one unit
of stock of the Company shall be one hundred
(100).                                                                            
|           |  |  |  |     |  |                                                                                                                                                                           
|           |  |  |  | (2) |  | The Company shall not issue any certificates for
any number of shares constituting less than one full unit of
stock (hereinafter referred to as fractional unit shares).

(Sale of Fractional Unit Shares)

|           |  |                                                                                                                                                                                                                                                                                                                                                                                                      
|---------- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Article 7. |  | A shareholder (including beneficial shareholders; hereinafter
the same shall apply) holding fractional unit shares may
request the Company to sell to the shareholder the shares in
such number as will, on being combined with the number of such
fractional unit shares, equal one full unit of stock in
accordance with the provisions of the Share Handling
Regulations referred to in Article 9.

(Transfer Agent)

|           |  |  |  |     |  |                                                                    
|---------- |  |  |  | --- |  | -------------------------------------------------------------------
|Article 8. |  |  |  | (1) |  | The Company shall have a transfer
agent with respect to its shares.





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3

| |  |  |  |     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
| |  |  |  | --- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  |  |  | (2) |  | The transfer agent and its place of business
shall be determined by a resolution of the Board of Directors
and public notice shall be given thereof.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
| |  |  |  |     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
| |  |  |  | (3) |  | The register of shareholders and the register of
beneficial shareholders and the register of lost share
certificates of the Company shall be kept at the place of
business of the transfer agent, and the business pertaining to
shares, such as registration of transfers of shares,
acceptance of the notice with respect to beneficial
shareholders, registration of pledges and cancellation
thereof, indication of trust assets and cancellation thereof,
registration of lost share certificates and cancellation
thereof, delivery of share certificates, purchase and sale of
fractional unit shares, acceptance of applications, etc.,
shall be handled by such transfer agent, and the Company shall
not itself handle the above matters directly.

(Share Handling Regulations)

|           |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|---------- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Article 9. |  | The denominations of share certificates of the Company, as
well as the business pertaining to the handling of shares,
such as registration of transfers of shares, acceptance of
the notice with respect to beneficial shareholders,
registration of pledges and cancellation thereof, indication
of trust assets and cancellation thereof, registration of
lost share certificates and cancellation thereof, delivery
of share certificates, purchase and sale of fractional unit
shares, acceptance of applications and other handling
procedures and the charges therefor shall be governed by the
Share Handling Regulations determined by the Board of
Directors.

(Record Date)

|            |  |  |  |     |  |                                                                                                                                                                                                                                                                                                                                                                                        
|----------- |  |  |  | --- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Article 10. |  |  |  | (1) |  | The Company shall deem any
shareholder having voting rights
as appearing in writing or
digitally on the register of
shareholders and/or the register
of beneficial shareholders at the
end of each accounting period to
be a shareholder who is entitled
to exercise the rights of a
shareholder at the ordinary
general meeting of shareholders
for that particular accounting
period.
|            |  |  |  |     |  |                                                                                                                                                                                                                                                                                                                                                                                        
|            |  |  |  | (2) |  | In addition to the preceding paragraph, the
Company may, whenever necessary, by a resolution of the Board
of Directors and                                                                                                                                                                                                                                                             





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4

| |  |  |  |  |  |                                                                                                                                                                                                                                                                                                                                        
| |  |  |  |  |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  |  |  |  |  | upon giving prior public notice, deem any shareholder or
pledgee whose name appears in writing or digitally on the
register of shareholders and/or the register of beneficial
shareholders as of the end of a specified date to be a
shareholder or a pledgee who is entitled to exercise certain
rights of a shareholder or a pledgee.

CHAPTER III
GENERAL MEETINGS OF SHAREHOLDERS

(Time and Place to Hold General Meetings of Shareholders)

|            |  |  |  |     |  |                                                                                                                                                                                   
|----------- |  |  |  | --- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Article 11. |  |  |  | (1) |  | Ordinary general meetings of
shareholders of the Company
shall be convened annually in
June and extraordinary
general meetings of
shareholders may be convened
whenever necessary.
|            |  |  |  |     |  |                                                                                                                                                                                   
|            |  |  |  | (2) |  | General meetings of shareholders may be convened
at the seat of the head office, a place adjacent thereto, or
in Minato-ku, Tokyo.                                                

(Convocation of General Meetings of Shareholders and Chairman Thereof)

|            |  |  |  |     |  |                                                                                                                                                                                                                             
|----------- |  |  |  | --- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Article 12. |  |  |  | (1) |  | Unless otherwise provided by law, the President and Director of the
Company shall convene general meetings of shareholders by resolutions of
the Board of Directors and shall act as the chairman of the meetings.          
|            |  |  |  |     |  |                                                                                                                                                                                                                             
|            |  |  |  | (2) |  | If the President and Director is unable to act,
another director shall convene the meetings and act as the
chairman of the meetings in accordance with an order of
priority previously determined by the Board of Directors.

(Method of Making Decisions of General Meetings of Shareholders)

|            |  |  |  |     |  |                                                                                                                                                                                                                                                                            
|----------- |  |  |  | --- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Article 13. |  |  |  | (1) |  | Unless otherwise
provided by law or in
the Articles of
Incorporation,
resolutions of general
meetings of
shareholders shall be
adopted by a majority
vote of the
shareholders present at
the meetings.                                                                     
|            |  |  |  |     |  |                                                                                                                                                                                                                                                                            
|            |  |  |  | (2) |  | Special resolutions to be adopted pursuant to the
provisions of Article 343 of the Commercial Code shall be
adopted by not less than two-thirds of the votes of the
shareholders present at the meetings who hold not less than
one-third of the votes of all shareholders.





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5

(Voting by a Proxy)

|            |  |                                                                                                                                                                                                                                                
|----------- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Article 14. |  | A shareholder may exercise his voting right by a
proxy, who shall also be a shareholder of the
Company having voting rights; provided, however,
that such shareholder or proxy shall submit to the
Company a document evidencing his authority.

(Minutes of General Meetings of Shareholders)

|            |  |                                                                                                                                                                                                                                                                                                      
|----------- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Article 15. |  | The substance of the proceedings at general
meetings of shareholders and the results thereof
shall be recorded in the minutes in writing or
digitally and the chairman of the meeting and the
directors present shall affix their names and
seals thereto or put their electronic signatures
thereon.

CHAPTER IV
DIRECTORS AND BOARD OF DIRECTORS

(Number of Directors)

|            |  |                                                    
|----------- |  | ---------------------------------------------------
|Article 16. |  | The Company shall have three (3) or more directors.

(Election)

|            |  |  |  |     |  |                                                                                                                                                                                                                                                                            
|----------- |  |  |  | --- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Article 17. |  |  |  | (1) |  | A resolution of a general
meeting of shareholders for
the election of directors
shall require the presence of
shareholders holding one-third
or more of the voting rights
of the total shareholders and
it shall be adopted by a
majority vote of the
shareholders present.
|            |  |  |  |     |  |                                                                                                                                                                                                                                                                            
|            |  |  |  | (2) |  | No cumulative voting shall be used for the
election of directors.                                                                                                                                                                                                          

(Term of Office)

|            |  |                                                                                                                                                                                                                      
|----------- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Article 18. |  | The term of office of a director shall expire at the
conclusion of the ordinary general meeting of shareholders
held with respect to the last closing of accounts within one
(1) year after his assumption of office.

(Directors with Specific Titles and Representative Directors)

|            |  |  |  |     |  |                                                                                                                                                                                                                                                                   
|----------- |  |  |  | --- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Article 19. |  |  |  | (1) |  | The Company may elect by
a resolution of the Board
of Directors one Chairman
and Director, one Vice
Chairman and Director,
one President and
Director, and one or more
Executive Vice Presidents
and Directors, Senior
Managing Directors, and Managing Directors.





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6

| |  |  |  |     |  |                                                                                                                                                                                                    
| |  |  |  | --- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  |  |  |     |  |                                                                                                                                                                                                    
| |  |  |  | (2) |  | By a resolution of the Board of Directors, one or
more Directors who shall represent the Company shall be
elected from those directors with specific titles referred to
in the preceding paragraph.

(Convocation of Meetings of the Board of Directors and Chairman Thereof)

|            |  |  |  |     |  |                                                                                                                                                                                                                                       
|----------- |  |  |  | --- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Article 20. |  |  |  | (1) |  | Unless otherwise provided by law, the President and Director shall
convene meetings of the Board of Directors and shall act as the chairman
of the meetings.                                                                          
|            |  |  |  |     |  |                                                                                                                                                                                                                                       
|            |  |  |  | (2) |  | If the President and Director is unable to act,
another director shall convene the meetings and act as the
chairman of the meetings in accordance with an order of
priority previously determined by the Board of Directors.          
|            |  |  |  |     |  |                                                                                                                                                                                                                                       
|            |  |  |  | (3) |  | The notice for convening meetings of the Board of
Directors shall be sent to all the directors and corporate
auditors four (4) days prior to the date of the meeting,
provided that such period may be shortened in case of
emergency.

(Method of Making Decisions of Meetings of the Board of Directors)

|            |  |                                                                                                                                                                                                   
|----------- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Article 21. |  | A resolution of a meeting of the Board
of Directors shall require the presence
of a majority of the total number of
directors and it shall be adopted by a
majority vote of the directors present.

(Minutes of Meetings of the Board of Directors)

|            |  |                                                                                                                                                                                                                                                                                                   
|----------- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Article 22. |  | The substance of the proceedings at
meetings of the Board of Directors and
the results thereof shall be recorded in
the minutes in writing or digitally and
the directors and the corporate auditors
present shall affix their names and
seals thereto or put their electronic
signatures thereon.

(Regulations of Meetings of the Board of Directors)

|            |  |                                                                                                                                                                                                                                                    
|----------- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Article 23. |  | Unless otherwise provided by law or in
the Articles of Incorporation, matters
pertaining to the meetings of the Board
of Directors shall be governed by the
Regulations of Meetings of the Board of
Directors determined by the Board of
Directors.





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7

(Remuneration and Retirement Allowances)

|            |  |                                                                                                                                 
|----------- |  | --------------------------------------------------------------------------------------------------------------------------------
|Article 26. |  | The remuneration and retirement
allowances for directors shall be
determined by resolutions of general
meetings of shareholders.

CHAPTER V
CORPORATE AUDITORS AND BOARD OF CORPORATE AUDITORS

(Number of Corporate Auditors)

|            |  |                                                             
|----------- |  | ------------------------------------------------------------
|Article 26. |  | The Company shall have three (3) or more corporate auditors.

(Election)

|            |  |                                                                                                                                                                                                                                                                                     
|----------- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Article 26. |  | A resolution of a general meeting of shareholders for the election of corporate auditors shall require the
presence of shareholders holding one-third or more of the voting rights of the total shareholders and it shall
be adopted by a majority vote of the shareholders present.

(Term of Office)

|            |  |                                                                                                                                                                                                                                 
|----------- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Article 27. |  | The term of office of a corporate auditor shall expire at the conclusion of the ordinary general meeting of
shareholders held with respect to the last closing of accounts within four (4) years after his assumption of
office.

(Term of Office of a Corporate Auditor Who is Elected to Fill a Vacancy)

|            |  |                                                                                                                                                                                                                                                          
|----------- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Article 28. |  | The term of office of a corporate
auditor who is elected to fill a
vacancy caused by retirement of a
corporate auditor before the
expiration of the latters term of
office, shall expire when such
predecessors full term of office
would have expired.

|                                
|--------------------------------
|(Full Time Corporate Auditor(s))

|            |  |                                                                                                                                     
|----------- |  | ------------------------------------------------------------------------------------------------------------------------------------
|Article 29. |  | The Company shall have one (1) or
more full time corporate auditor(s)
who shall be elected by and from
among the corporate auditors.

|                                                            
|------------------------------------------------------------
|(Convocation of Meetings of the Board of Corporate Auditors)

|            |  |                                                                                                                                                                                                                                  
|----------- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Article 30. |  | The notice for convening meetings of the
Board of Corporate Auditors shall be sent
to all the corporate auditors four (4) days
prior to the date of the meeting, provided
that such period may be shortened in case
of emergency.





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8

(Method of Making Decisions of Meetings of the Board of Corporate Auditors)

|            |  |                                                                                                                                                              
|----------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------
|Article 31. |  | Unless otherwise provided by law, a resolution of a meeting of the Board of Corporate
Auditors shall be adopted by a majority vote of the corporate auditors.

|                                                        
|--------------------------------------------------------
|(Minutes of Meetings of the Board of Corporate Auditors)

|            |  |                                                                                                                                                                                                                                                                                          
|----------- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Article 32. |  | The substance of the proceedings at
meetings of the Board of Corporate Auditors
and the results thereof shall be recorded
in the minutes in writing or digitally and
the corporate auditors present shall affix
their names and seals thereto or put their
electronic signatures thereon.

(Regulations of Meetings of the Board of Corporate Auditors)

|            |  |                                                                                                                                                                                                                                                                               
|----------- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Article 33. |  | Unless otherwise provided by law or in the
Articles of Incorporation, matters
pertaining to the meetings of the Board of
Corporate Auditors shall be governed by the
Regulations of Meetings of the Board of
Corporate Auditors determined by the Board
of Corporate Auditors.

|                                        
|----------------------------------------
|(Remuneration and Retirement Allowances)

|            |  |                                                                                                                                          
|----------- |  | -----------------------------------------------------------------------------------------------------------------------------------------
|Article 34. |  | The remuneration and retirement allowances
for corporate auditors shall be determined
by resolutions of general meetings of
shareholders.

CHAPTER VI
ACCOUNTS

(Business Year and Closing of Accounts)

|            |  |                                                                                                                                                                                                         
|----------- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Article 35. |  | The business year of the Company shall commence on April 1
of each year and shall end on March 31 of the next
following year, and the accounts shall be closed as of the
last day of each business year.

|                                            
|--------------------------------------------
|(Payment of Dividends and Interim Dividends)

|            |  |  |  |     |  |                                                                                                                                                                                                                                     
|----------- |  |  |  | --- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Article 36. |  |  |  | (1) |  | Dividends on shares shall be
paid to the shareholders or
pledgees whose names appear in
writing or digitally on the
register of shareholders and/or
the register of beneficial
shareholders as of the end of
each accounting period.
|            |  |  |  |     |  |                                                                                                                                                                                                                                     
|            |  |  |  | (2) |  | The Company may, by a resolution of the Board of
Directors, make a payment of interim dividends (cash
distribution pursuant                                                                                                         





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9

| |  |  |  |  |  |                                                                                                                                                                                                                                                               
| |  |  |  |  |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  |  |  |  |  | to the provisions of Article 293-5 of the Commercial Code) to
the shareholders or pledgees whose names appear in writing or
digitally on the register of shareholders and/or the register
of beneficial shareholders as of the end of September 30,
each year.

(Terms for Discharge of Liability for Dividend Payments)

|            |  |  |  |     |  |                                                                                                                                                                                                                                           
|----------- |  |  |  | --- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Article 37. |  |  |  | (1) |  | If a dividend or an interim
dividend on shares remains
unreceived within three (3)
full years after the date the
payment therefor commenced,
the Company shall be
discharged from its
obligation to pay such
dividend or interim dividend.
|            |  |  |  |     |  |                                                                                                                                                                                                                                           
|            |  |  |  | (2) |  | Dividends and interim dividends to be paid shall
bear no interest.                                                                                                                                                                        

SUPPLEMENTARY PROVISIONS

|           |  |                                                                                                                                                                                                                                                                                                                        
|---------- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Article 1. |  | With regard to the term of office of directors elected at the
ordinary general meeting of shareholders with respect to the
business year ended March 2002, the term within one (1) year
in the provisions of Article 18 (Term of Office)shall be read
as within two (2) years.                                     
|           |  |                                                                                                                                                                                                                                                                                                                        
|Article 2. |  | With regard to the term of office of corporate auditors in
office prior to the closing of the ordinary general meeting of
shareholders with respect to the business year ending March
2003, the term within four (4) years in the provisions of
Article 27 (Term of Office)shall be read as within three (3)
years.