Ichiro Taniguchi
Profile
Performance in office
Tenure
Tenure
Background
He joined the company in 1959 and became Senior Managing Director after serving as manager of the Kamakura Works and head of the Electronic Systems Group.
Selection
In 1997, DRAM prices plunged under an aggressive low-price offensive by Micron of the U.S. In fiscal 1997 the semiconductor business lost about ¥90.0 billion and home appliances around ¥35.0 billion, and consolidated results for the fiscal year ended March 1998 showed an ordinary loss of ¥52.5 billion and a net loss of ¥105.9 billion; the company suspended its dividend for the first time since listing. Takashi Kitaoka announced his resignation in March 1998 and named Senior Managing Director Ichiro Taniguchi as his successor.
Initiatives
Within a year of taking office he had repeatedly overhauled materials procurement and sales offices, achieving cost reductions of about ¥40.0 billion. He carried on the withdrawal from commodity DRAM decided in February 1998 at the same time as Oki Electric Industry, pushing ahead with a policy of specializing in system LSIs. In April 1999 he merged the Power and Industrial Systems Group and the Public Utility Systems Group into the Social Infrastructure Systems Group and set up a new Building Systems Group. In 2000 he merged the Imaging Information and Living Environment groups into the Living Environment and Digital Media Equipment Group, and in 2001 adopted the slogan "Changes for the Better."
Career
Career
Mitsubishi Electric
| Date | Position |
|---|---|
| 1998 | President |
| Apr 2002 | Stepped down as President |