Ken Okubo
Profile
Performance in office
Tenure
Tenure
Selection
In November 1964 he succeeded Yoshinaga Seki as president. In the fiscal year ended March 1964, the year before he took office, non-consolidated net sales were ¥158.8 billion and net income ¥6.2 billion, down from ¥6.4 billion the year before. The electrification boom ended around 1963-1964, and in the fiscal period ended September 1965 the company barely avoided suspending its dividend by drawing on retained earnings. In the same recession, Fuji Electric and Yaskawa Electric suspended dividends, and Meidensha was sold to the Sumitomo group.
Initiatives
In September 1965 he concluded a fifth technical alliance agreement with President DeCubas of Westinghouse Electric International of the U.S. As its title, "License and Technical Exchange Agreement," indicated, it called for both sides to develop and exchange technology, and steering committees were set up at both companies. In the fiscal year ended March 1968, net sales were ¥132.1 billion, profit ¥3.6 billion and orders ¥150.0 billion, all the highest since the company's founding. He also chaired the Electronic Industries Association of Japan and stood at the forefront of the controversy over dual pricing of color televisions.
Career
Career
Mitsubishi Electric
| Date | Position |
|---|---|
| Nov 1964 | President |
| Nov 1970 | Stepped down as President |