Sony began in the wake of World War II. In 1946, Masaru Ibuka started an electronics shop in Shirokiya,^[23] a department store building in the Nihonbashi area of Tokyo. The company started with a capital of ¥190,000^[24] and a total of eight employees.^[25] On 7 May 1946, Ibuka was joined by Akio Morita to establish a company called Tokyo Tsushin Kogyo (東京通信工業, Tōkyō Tsūshin Kōgyō) (Tokyo Telecommunications Engineering Corporation).^[26] The company built Japan's first tape recorder, called the Type-G.^[26][27] In 1958, the company changed its name to "Sony".^[28]