Torao Aramaki
Profile
Performance in office
Tenure
Tenure
Background
Born in Fukuoka Prefecture in 1902, he graduated from the mechanical engineering department of Yokohama Higher Technical School in March 1926. He joined the automobile department of Tokyo Ishikawajima Shipyard in May 1928 and continued on at Tokyo Automobile Industries from August 1937. He became a Director in December 1946, Managing Director in December 1952, Senior Managing Director in January 1962 and Executive Vice President in June 1966, and President in June 1970.
Selection
His predecessor was Eikichi Ohashi. Promoted after four years as Executive Vice President, he was, like Naomichi Kusunoki and Ohashi, a career man going back to the automobile department of Tokyo Ishikawajima Shipyard. In the fiscal year ended April 1970, the year before he took office, net sales had grown to ¥200.3 billion, while net income of ¥3.4 billion was below the ¥5.2 billion of FY ended April 1964. At a time when profitability was worsening even as the company carried mass production of both passenger and commercial vehicles, the company appears to have chosen an Executive Vice President trained in mechanical engineering.
Initiatives
In July 1971, the year after he took office, the company signed a basic agreement for a comprehensive alliance with General Motors, welcoming GM as its largest shareholder through a third-party allotment. The Tochigi plant began operations in June 1972. Even so, the fiscal year ended April 1972 brought an ordinary loss of ¥4.1 billion and a net loss of ¥3.0 billion, and FY ended October 1975, before he stepped down, an ordinary loss of ¥10.2 billion and a net loss of ¥8.7 billion; the losses did not stop after the alliance. He moved to Chairman in January 1976.
Career
Career
Isuzu Motors
| Date | Position |
|---|---|
| Jan 1962 | Senior Managing Director |
| 1969 | President |
| Jan 1976 | Stepped down as President |