Takatomi Naito

Profile
Tenure
1966 – 1971
Years in office
5.0 years
Name in Japanese
内藤隆福
Title at appointment
Representative Director, President
Performance in office
Olympus
Performance in office
FY1966FY1971Change
Revenue¥8.0billion¥18.5billion+132%
Net margin3.9%1.1%−2.8pt
TakahashiNakanoNaitoKanbeKitamura
Revenue¥8.0 billionRevenue¥53.6 billionNet margin3.9%Net margin5.9%1961/31966/31971/31976/3
Revenue¥8.0 billionRevenue¥53.6 billionNet margin3.9%Net margin5.9%1961/31966/31971/31976/3
Tenure

Tenure

Background

Born in Tokyo in 1905, he graduated from Waseda University's School of Science and Engineering in 1931 and joined Olympus Optical that December. He rose to Director in December 1945 and Managing Director in July 1954, served as General Manager of Production and head of the head office plant from January 1959, and oversaw the First Business Division from February 1960. He became Senior Managing Director in December 1963 and Representative Director in December 1964. He was a career employee who came up through production and engineering.

Education: Waseda University, School of Science and Engineering (1931)

Selection

In June 1967, Tetsuo Nakano stepped back to Chairman and Naito became President, in his 36th year with the company. Whereas Shokichi Kanda, Akira Takahashi and Tetsuo Nakano had all come over from Ataka Shokai or Nippon Life Insurance, Naito had worked only at Olympus Optical since joining. In the fiscal year ended October 1966, before he took office, non-consolidated net sales fell to ¥7.98 billion from ¥8.21 billion the year before, and net income also fell from ¥0.34 billion to ¥0.31 billion.

Initiatives

In an article he contributed in November 1967, he named medical equipment and information as the two priority areas and set out a policy of making fiber technology their common foundation. In January 1968 the company established the U.S. sales company Olympus Corporation of America, strengthening sales of microscopes and medical equipment. In March 1969 he set up a new Third Business Division, raising endoscopes, begun at the request of doctors, to an investment target alongside microscopes and cameras. Non-consolidated net sales grew from ¥9.5 billion in the fiscal year ended October 1967 to ¥18.5 billion in the FY ended October 1971.

Career

Career

Olympus

Date Position
1966 Representative Director, President
1971 Stepped down as President
References 3