Yutaka Sugi
Profile
Performance in office
Tenure
Tenure
Background
He graduated from the ordnance engineering department of Tokyo Imperial University's Faculty of Engineering in March 1929, joined the company in April that year, and rose to Director in July 1949 and Managing Director in May 1961. As Managing Director he served from December 1962 as head of both the Eyewear Division and the Glass Division, handling optical products other than cameras. From October 1963 he was also President of subsidiary Sakura Denshi Kogyo, and from 1964 a Director of Nippon Kogaku (U.S.A.) Inc. in the United States and of Nikon AG. He was born in Tokyo.
Selection
In May 1969 he succeeded Hiroshi Shirahama as President. The change followed his predecessor's ten years in total at the top, and another career engineer from the ordnance engineering department took over. The Executive Vice President at the time was Masuo Iwanami, who had moved over in May 1964 from the post of Senior Managing Director at Mitsubishi Trust Bank, a lineup that brought in the capital and finance side from outside while appointing the executive side from within. Non-consolidated net sales for the fiscal year ended March 1969, before he took office, were ¥18.4 billion.
Initiatives
Right after taking office he personally led the overseas sales companies. He became President of Nikon Europe N.V. in June 1969 and of Nikon Vertriebs GmbH in August that year, and in June 1971 also took on the presidency of the production subsidiary Sendai Nikon. At home, the company built the Sagamihara plant of the Oi Works in July 1971. Non-consolidated net sales doubled from ¥18.4 billion in the fiscal year ended March 1969 to ¥40.4 billion in the FY ended March 1973, but ordinary income was only ¥3.4 billion, against ¥4.2 billion in the FY ended March 1971.
Career
Career
Nippon Kogaku
| Date | Position |
|---|---|
| 1929 | Joined |
| Jul 1949 | Director |
| May 1961 | Managing Director |
| May 1969 | President |
| Apr 1973 | Chairman |
| May 1973 | Stepped down as President |