Tatsuo Iwatsuki
Profile
Performance in office
Tenure
Tenure
Background
As of June 1955 he was listed individually among Nippondenso's top ten major shareholders, ninth after Torao Hayashi. He appears to have been at the core of management from the founding period. By December 1960 corporations dominated the top shareholders—Sumitomo Trust & Banking with 27.1%, Toyoda Automatic Loom Works 11.5%, Robert Bosch 9.2% and Toyota Motor Co. 8.8%—and individual shareholders had dropped out of the top ten. He was an internally raised president without capital backing.
Selection
In 1966 he succeeded Torao Hayashi, who had served 17 years, as President. Net sales for the fiscal year ended December 1965, the year before, were ¥27.8 billion. After the 1953 alliance with Robert Bosch and the 1961 Deming Prize, the company had the quality to sell outside its group. In 1967 Toyota Motor Co. and Toyota Motor Sales accounted for 57.1% of deliveries, and it supplied virtually every automaker except Nissan Motor. The appointment appears to have handed the expanded business to a director who had been there since the founding years.
Initiatives
With room for expansion at the Kariya head office plant exhausted, he extended mass-production sites into the neighboring Nishi-Mikawa area. Anjo Works was built in Anjo City in July 1967, and with completion of its second phase in August 1968 the electrical components division was moved entirely from the head office and Ikeda plants. In August 1970 Nishio Works was built in Nishio City. In March 1971 the company established its first overseas subsidiary, Nippondenso of Los Angeles, in the United States.
Career
Career
Denso
| Date | Position |
|---|---|
| 1966 | President |
| 1972 | Stepped down as President |