Yoshio Tsuchiya
Profile
Performance in office
Tenure
Tenure
Background
Osaka Kinzoku Kogyo accepted an offer of investment from Sumitomo Metal Industries and thereafter became part of the Sumitomo group. In November 1960, just before he took office, Sumitomo Metal Industries was the largest shareholder, with Sumitomo Chemical and Sumitomo Bank also near the top, and Sumitomo Metal Industries was still first in the May 1962 snapshot. This capital relationship lay behind bringing in a president from outside in place of the founding family.
Selection
He succeeded Akira Yamada as president in 1964. Up to the previous year the company had led the air cooler market with a share of nearly 30% and was pursuing a plan for an integrated plant, investing ¥1.9 billion in expanding the Sakai Plant. In the fiscal year ended November 1961, heating and cooling had reached ¥6.3 billion, or 60% of sales, and the shift in business from artillery shells to air conditioning was showing in the numbers.
Initiatives
During his tenure the company established itself as a full-line air conditioning maker handling both commercial air conditioners and room air conditioners, and built up its domestic production bases centered on the Kanaoka Plant. Net sales grew from ¥26.1 billion in the fiscal year ended November 1967 to ¥56.5 billion in FY ended November 1971. Ordinary income in FY ended November 1969 was ¥2.0 billion. The transformation of the company's character from an artillery shell maker to an air conditioning maker was completed in this period.
Career
Career
Daikin
| Date | Position |
|---|---|
| 1964 | President |
| 1971 | Stepped down as President |