I wanted to make it happen, so I think my aspiration and Mr Saji's aspiration got together and that made me decide to join. Niinami: First of all, I tried to convince people in Japan to be clear cut, to communicate with Beam people, whereas I told the Beam management that this is Japanese culture. Takeshi Niinami is a businessperson who has been at the helm of 5 different companies and currently holds the position of President & Representative Director at Suntory Holdings Ltd. What sort of progress do you hope to make in this area? Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Tokyo, Dec. 12 (Jiji Press)--The Japan Association of Corporate Executives, or Keizai Doyukai, decided on Monday to appoint Suntory Holdings Ltd. President Takeshi Niinami as its next chairman. I'm so confident about that. Our Solutions. Tak received his MBA from Harvard Business School. We at Yamazaki, Hakushu - they didn't know anything about the Kentucky bourbon, which means bourbon. Christine: What will your expansion plans look like in the next few years? La pandemia impuso enormes restricciones financieras a algunos de nuestros proveedores ms pequeos, y, para ellos, la prioridad es sobrevivir. Communications Manager APAC, CNBC InternationalD: +65 6326 1123M: +65 9852 8630clarence.chen@cnbc.com. How would you describe your leadership and your management style? Niinami: Well, up until now, we sold almost what we thought should be offloaded and we did. That's their mission. Meanwhile, the country's largest labor group, the Japanese Trade Union Confederation or Rengo, is now demanding wage increases of 5% at this year's talks with the management of various companies. Browse 297 takeshi niinami stock photos and images available or start a new search to explore more stock photos and images. Has there been a change in strategy on your part? Japan's unique work culture is contributing to wage stagnation, according to economists. Christine: And finally, you spent the last five years as CEO of Suntory Holdings. SHARE. But at this moment our presence is very small. That was a success factor for us to see products which were launched by the collaboration of the two parties. What do you like as a boss? Takeshi Niinami. So, we are one team. Reuters. So, both parties tried to understand even simple things. Takeshi Niinami, chief executive officer at Suntory Holdings, discusses raising wages in Japan by 6%, why some corporations are not on board with the hike and the . So that's why we sell only in the U.S. The country's output, measured by how much workers add to a country's GDP per hour, is lower than the OECD average, and "probably the biggest reason" for flat wages, according to Yamaguchi. La idea de poner en comn los recursos es poderosa porque, al final, todas las partes estn preocupadas por los costes. Por eso cree la Universidad Suntory, para que los empleados de todo el mundo puedan acceder de forma gratuita a esa misin, visin y valores, y tomarse el tiempo para entenderlos. He discusses the election of . They had more than two hundred years. WHILL strengthens management and organization structure with goal of building a worldwide platform for short-distance travel . Takeshi Niinami particip en la IESE Global Alumni Reunion 2021 y en el curso del programa MBA "El futuro del capitalismo", impartido por el IESE y la Universidad Shizenkan, cuya prxima edicin est prevista para 2022. CEO of Suntory Holdings, with operations throughout the Americas, Europe, Africa, Asia and Oceania. People crossing a street in the Ginza area of Tokyo in November. How we can change the quality for the better. Copyright (C) The International House of Japan, Inc. 2020 U.S.-Japan Creative Artists Fellowship Program. For one, Japan has long grappled with the opposite of what it's facing now: "For the past 20 years, basically, there has been no change in consumer price inflation," said Mge Adalet McGowan, senior economist for the Japan desk at the OECD. What new markets are you looking to get into? And they rendezvoused to study each other with a huge respect to each other. It took us 5 months to have dinner. Takeshi Niinami, chief executive officer at Suntory Holdings, discusses raising wages in Japan by 6%, why some corporations are not on board with the hike and the . Below is the transcript of a CNBC exclusive interview with Suntory Holdings President and CEO, Takeshi Niinami. El Gobierno tiene que regular algunos aspectos, como la neutralidad del carbono. But I would say five years from now, we will think about producing products like nutritional products and probably more soft drink or less alcohol content product in China. Eso fue lo primero con lo que tuve que lidiar cuando me convert en CEO de Suntory, en 2014. Despite facing global economic challenges including a pandemic and a spike in supply chain-related costs, Japanese beverage giant Suntory Holdings -- home to such iconic brands as Maker's Mark and . So, my mission is always to respond to future changes. En lo que respecta a la sostenibilidad y el medio ambiente global, creo que los japoneses tienen el valor de convivir con la naturaleza en su ADN. Speakers. Es la manera de ayudarles a sentir en carne propia y entender la idea de sostenibilidad de Suntory. Todas quieren que las vean como sostenibles, y nadie desea que sus competidores lo superen en cuanto a iniciativas de sostenibilidad; especialmente, cuando estn compitiendo por ganarse la confianza del consumidor. Menu. Tak Niinami is the Chief Executive Officer of Suntory Holdings, one of the world's leading consumer products companies with operations throughout the Americas, Europe, Asia and Oceania. Discover short videos related to Takeshi Niinami on TikTok. Often the case, a Japanese company is not good at managing cash. What was the learning curve for you? Those unique products, that's what do we have to do? Now, as prices rise after decades of deflation,the world's third largest economy is being forced to reckon with the major problem of falling living standards, and companies are facing intense political pressure to pay more. I didn't mean that people should just be fired.". It's good, but we need more leaders - understanding the values of diversity. Por tanto, el CEO debe lograr el equilibrio con sutileza. In 1995, he was appointed CEO of Sodex Corporation, a food service joint venture between Mitsubishi and Sodexho, France. Instead, we just seek only, you know, market share and top line. 2,576 executive movements have been recorded in the last 12 months. We want to hear from you. Showing Editorial results for takeshi niinami. Cierta presin de los accionistas es buena para asegurar el rendimiento financiero, pero la verdadera rentabilidad proviene de encontrar soluciones a las necesidades de las partes interesadas. Takeshi Niinami, Self: Managing Asia. As an OMOROI** corporate group, we will create new value with the founding spirit of Yatte Minahare and Giving back to society in our hearts, and uniquely continue innovating and taking on new challenges to inspires the brilliance of life. All rights reserved. The news . Ahora es precisamente el momento de seguir el lema de nuestro fundador, el yatte minahare: soar a lo grande, afrontar los desafos y caminar con audacia hacia una sociedad con armona entre las personas y la naturaleza, donde el crecimiento social y econmico coexista con la sostenibilidad del entorno natural. We are learning from them. Christine: The Beam deal gave Suntory also access to the very profitable U.S. spirits market. Entiendo la difcil situacin en la que se encuentran, pero la pandemia tambin plante problemas nuevos e importantes, lo que nos obliga a reconsiderar lo que realmente significa la abundancia para las personas hoy en da. Hideya Tokiyoshi, a teacher in Japan, told CNN he had barely seen his salary go up over the last 30 years. The economy and markets are "under surveillance". For Takeshi Niinami, a $16 billion business deal shared similarities with the 2003 hit movie. When his comments were reported, however, social media users poured scorn on the Suntory head, with responses including, "It's impossible for regular people to change jobs at age 45," and "This is just a lay-off scheme. Los desastres naturales frecuentes, adems de la pandemia, son seales de advertencia para la sociedad y economa posindustriales. In a statement, Rengo said it was making the push because workers were making "inferior wages on a global scale," and needed help with rising prices. Tak received his MBA from Harvard Business School. CEO Takeshi Niinami is weighing a 6% raise for its Japanese workforce of approximately 7,000 people, according to a spokesperson, adding that it was subject to negotiation with a union. In conversation with IMD . So, we have to be very careful to all this to observe what's happening. Your efforts to merge with Kirin in 2010 were unsuccessful. Christine: You have 11 years to achieve that. Esta entrevista se publica en IESE Business School Insight 160. but read it like that, "Take it easy, but in a hurry" (laughs) like that, yes. The page may not be displayed properly if the JavaScript is deactivated on your browser. Christine So, you would say that was a huge success? Niinami: Right. Niinami: That's right. La mayora de los pases asiticos dependen, en gran medida, de los combustibles fsiles para obtener energa, y eso no se puede cambiar de la noche a la maana. A customer walking into a Tokyo supermarket on Dec. 23, 2022. And I thought, sure, even though we had a very different history. Prior to joining Suntory in 2014, Tak served as CEO All rights reserved. So, both parties were so curious about something they didn't know. Search instead in Creative? Explore their individual commitments below or click to discover more about the business solutions they're working on together. Though we went through a series of acquisitions, but still we are a Japanese company. However, we are now producing so that we can supply enough. The term refers to a period of high inflation and stagnant economic growth. Most stock quote data provided by BATS. But because Beam was listed - they only thought about a quarterly based profits and sales - we care about that, but we have a long-term vision based on the principle. But 60 percent will come from overseas. Despite facing global economic challenges including a pandemic and a spike in supply chain-related costs, Japanese beverage giant Suntory Holdings -- . of Lawson, Inc. In his acceptance speech, Niinami expressed his gratitude for Asia Society's recognition and his pride in Suntory . Niinami: First of all, Beam thought that they would lead everything because they are global, whereas Suntory was trying to be global. Member of International Business Council. And they have, as you said, they have a huge pride. Cmo de fcil es tener esa conversacin con la competencia? We increased the gross margin rate tremendously by learning from Beam Suntory. October 2012. Data is a real-time snapshot *Data is delayed at least 15 minutes. Celebrities Takeshi Niinami Net Worth Takeshi Niinami Net Worth 2023, Age, Height, Relationships, Married, Dating, Family, Wiki Biography And I was in a hurry to restructure the governance. The value comes from Suntory because you're the parent - the value comes from a principle that started from founder Shinjiro Torii -- "Yatte Minahare" which is "Go for it and let's make it happen", but don't copy any other competitor's products. transicin, en lugar de simplemente pasar los costes a los consumidores y hacer de la sostenibilidad una carga para ellos. Christine: But what is behind this whisky shortage? "That's why I was able to survive.". Como tal, creo que debe planificarse la transicin de manera gradual, con ms tiempo para convencer a los consumidores de esos pases. Chief Executive Officer, Suntory Holdings Limited Tak Niinami is the Chief Executive Officer of Suntory Holdings, one of the world's leading consumer products companies with operations throughout the Americas, Europe, Asia and Oceania. Christine: But you are working on something? Ahora bien, hay desafos. Got a confidential news tip? I'm sure he was in a hurry (laughs) -- there was a huge amount of cash and all debt. I was so in a hurry, and I was called in by Gary Saji, Nobutada Sagi, "Tak, don't be in a hurry so much. En el clima sociopoltico actual, las empresas que no se estn ganando la confianza de sus grupos de inters corren el riesgo de perder rpidamente su licencia social para operar. The Suntory president was participating in the Japan Association of Corporate Executives' summer seminar when he made the comments on both days. Christine: Was there a lot of unhappiness involved? The shape of Japan's workforce is shifting, with more people working part-time. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Chairman, Committee to Support Tokyo 2020 Olympic and Paralympic Bid, as a representative of the business community. Nikkei supesharu kanburia kyden (2007)as Himself, Nysu mningu sateraito (2012)as Himself, President, Lawson, Your email address will not be published. (laughs) because I know he is always in a hurry to make things happen. Managing Asia is the Asia Pacific region's ground-breaking interview programme featuring CEOs, entrepreneurs and other business leaders. Takeshi Niinami. Ello desincentiva a algunos a la hora de asociarse con los competidores. Niinami: No, I don't think so. Disclaimer. So not only whisky - Roku which is craft Gin, and even the Jim Beam. En ese sentido, creo que Suntory tiene una base slida en el ncleo de su filosofa de gestin desde la que salir al mundo ofreciendo buenos productos que den alegra a los consumidores, y, al mismo tiempo, contribuir a la sostenibilidad global. In the US, we don't state the age expressions so much, but something new like East meets West product like Legent, that has innovation. The growth in the US, at least 5 to 7. Christine: So, how long do you think it'll take to resolve these supply issues? Niinami: No. Now, as workplaces reopen, Suntory executives say it could be the key to effective hybrid working for the 40,000-strong global workforce. Suntory Holdings, the acquisitive Japanese drinks group, has poached Takeshi Niinami from convenience store operator Lawson to be its first chief executive from outside the founding family. We want to hear from you. Because. India is one of only a handful of nations that have sent probes to the moon and Mars. Creemos que es importante que todos los trabajadores de la empresa comprendan el espritu fundador de Suntory. By 2030, our sales target is US$40 billion dollars and 60 percent of sales will come from overseas. The head of Suntory Holdings, Takeshi Niinami, said on Tuesday he expected the next governor of the Bank of Japan to show a clear policy roadmap, including criteria . Niinami: Yes, no alcohol and less alcohol content. So, Beam thought they had the mandate to manage the entire spirits business, whereas we thought that we are the parent, we want to manage the entire business, not the Beam management. Is it a secret? Suntory Holdings President and Chief Executive Officer Takeshi Niinami smiles as he listens to a reporter's question during a press conference at the Foreign Correspondents' Club of Japan in Tokyo . If they say "yes" like this (Niinami nods), it doesn't mean yes. He thought he got that fully agreed. It has to be very vague, ambiguity, we love it! Christine: When I look at your sales, most of it, about 60 percent still comes from your domestic market. But as inflation rises, people are likely to start making "strong" complaints about the lack of raises, predicted Shintaro Yamaguchi, an economics professor at the University of Tokyo. These skill sets can be transported to China or Southeast Asia. An economic advisor to outgoing Prime Minister Yoshihide Suga and CEO of Japan's beverage giant Suntory, Takeshi Niinami is one of Japan's most prominent leaders. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. A lot of challenges which we didn't know. Factset: FactSet Research Systems Inc.2018. Linked companies : CrowdWorks Inc. Prior to joining Suntory in 2014, Tak served as CEO of Lawson, Inc., which he grew into one of Asia's major convenience store operators, posting profit . Tenemos la suerte de que el fundador de Suntory, Shinjiro Torii, estuviera comprometido con la idea de servir a la sociedad, por lo que la sostenibilidad ha estado en nuestro ADN corporativo desde 1899. CEO Takeshi Niinami is weighing a 6% raise for its Japanese workforce of approximately 7,000 people, according to a spokesperson, adding that it was subject to negotiation with a union. *Monozukuri Japanese term for craftsmanship. Niinami: Yes, whisky crisis is happening in the world too, as for Suntory whisky. Not at all. We need good quality water and really good people to brew a premium beer. The annual negotiations kick off this month. Es un acto de equilibrio constante, de encontrar formas de alcanzar mltiples objetivos simultneamente. But it wasn't after three months, he found. "If some of the biggest companies in Japan raise wages, many other firms will follow," if only to stay competitive, said Yamaguchi. We met for the first time last year at the New Business Forum Conference that I chaired and agreed to have dinner sometime. Niinami: Yes, we have a long-term vision and plan. Context Since then, his salary has stayed pretty much the same. First of all, what is the value? Tokiyoshi is part of a generation of workers in Japan who have barely gotten a raise throughout their working lives. But how we can win creates how we can win the games in other countries. But they wanted to learn from each other. CNBC.com is the preeminent financial news source on the web, featuring an unprecedented amount of video, real-time market analysis, web-exclusive live video and analytical financial tools. - The president and CEO of the Spanish company Puig, Marc Puig, and the CEO of the global consumer products company Suntory Holdings Limited, Takeshi Niinami, have become the latest members of IESE's International Advisory Board.The board now consists of 35 leading international . 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