Tetsuo Suzuki
Profile
Performance in office
Tenure
Tenure
Background
After the founder's sudden death, the 32-year-old chief engineer became President in 1957, an appointment that moved a man from engineering into management. As of September 1974 he ranked as the largest shareholder with a 6.5% stake, above founding-family members Shigeru Yamanaka's 4.1% and Mamoru Yamanaka's 2.6%. The side that took over management had also become the company's largest owner in terms of capital.
Selection
His appointment in 1957 was a move-up prompted by the sudden death of a member of the founding family. In 1967, up-front investment in the eyeglass business brought losses, and under pressure from the main banks he stepped down from the presidency. The non-consolidated result for the fiscal year ended December 1966 was a net loss of ¥721 million, a fall from a ¥66 million profit the year before. A president from engineering was forced by the banks to step down over a failed investment.
Initiatives
After taking office he absorbed three affiliates, Hoya Kogaku Kogyo, Yamanaka Kogaku Kogyo and Hoya Kogaku Glass Hanbai, consolidating them into the single company Hoya Glass. In 1974 the company began manufacturing mask substrates for semiconductors. Non-consolidated net sales grew from ¥609 million in the fiscal year ended December 1959 to ¥78.5 billion in the FY ended September 1984.
Career
Career
Hoya
| Date | Position |
|---|---|
| 1944 | Head, Engineering, Toyo Optical Glass Manufacturing Office |
| 1949 | Director, Plant Manager |
| Feb 1957 | Representative Director, President |
| Feb 1967 | Senior Advisor |
| Feb 1967 | Stepped down as President |
| Feb 1970 | Representative Director, President |
| Jun 1993 | Chairman |
| Jun 1993 | Stepped down as President |
| 2000 | Honorary Chairman |