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The Hoshino Gakki company began in 1908 as the musical instrument sales division of the Hoshino Shoten, a bookstore chain. Hoshino Gakki decided in 1935 to make Spanish-style acoustic guitars, at first using the “Ibanez Salvador” brand name in honor of Spanish luthier Salvador Ibáñez, and later simply “Ibanez”.
In the 1970s, the Nisshin Onpa company who owned the Maxon brand name, developed and began selling a series of effect pedals in Japan. Hoshino Gakki licensed these for sale using the name Ibanez outside Japan. These two companies eventually began doing less and less business together until Nisshin Onpa ceased manufacturing the TS-9 reissue for Hoshino Gakki in 2002.