Chisei Isogai
Profile
Performance in office
Tenure
Tenure
Background
He was an engineer-president who rose from within Toyoda Automatic Loom Works. The first president, Taizo Ishida, had transferred from Toyoda Boshoku, and the third, Yoshitoshi Toyoda, came from the Toyoda family, so the presidents' backgrounds were not uniform. On the shareholder side, as of March 1980 Toyota Motor Co. was the largest holder at 21.72%, and no individuals were in the top ten. He appears to have been chosen for his record inside the company rather than for any shareholding.
Selection
He succeeded Yoshitoshi Toyoda as president in 1992. During his predecessor's 15 years, the company had replaced its founding product line with air-jet looms and, in October 1988, began joint-venture production of industrial vehicles in the United States. Consolidated net sales were ¥479.0 billion and net income ¥10.6 billion in the fiscal year ended March 1995. The change came while the company was expanding not as a textile machinery maker but as a manufacturer centered on industrial vehicles and automobile parts.
Initiatives
He concluded a series of overseas joint ventures: in August 1994 a company in China producing castings and forgings with Liuhe Machinery and Toyota Tsusho, and in March 1995 a company in France producing industrial vehicles with Manitou B.F. and Toyota Motor. In December 1995 a joint venture with the Kirloskar Group began local production of textile machinery in India. In October 1997 ST Liquid Crystal Display was set up as a joint venture with Sony to produce LCDs. Consolidated net sales grew from ¥479.0 billion in the fiscal year ended March 1995 to ¥572.6 billion in FY ended March 1998.
Career
Career
Toyota Industries
| Date | Position |
|---|---|
| 1992 | President |
| 1998 | Stepped down as President |