In the past Mr. Niinami occupied the position of Chairman of Lawson, Inc. Chairman of Ninety-nine Plus, Inc. and Chairman of Lawson Entermedia, Inc. (both are subsidiaries of Lawson, Inc.), Unit Manager-Lawson & Dining Operations at Mitsubishi Corp. and President at LEOC Co., Ltd. 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President CEO, Suntory Holdings Limited. Mr. Niinami was interesting and gives me hope that our generation is taking over Japan. First of all, we like not to have conflict or even discussion, negotiations, arguments whatsoever. Member of International Business Council. 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. Tak is also a member of the International Chamber of Commerces Executive Board, the World Economic Forums International Business Council, the Advisory Board of the World Economic Forum Center for the Fourth Industrial Revolution, the Global Board of Advisors of the Council on Foreign Relations, The Business Council in the US and Vice Chairman of Asia Business Council. Takeshi Niinami. And they have, as you said, they have a huge pride. Niinami: Let's say a decade or so, I assume 5 to 7 percent growth still in the U.S. because the U.S. market accepts innovation. I'm so confident about that. Cmo motiva a los empleados para la sostenibilidad? 2023 CNBC LLC. 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 growth for 12 consecutive years and quadrupling its market capitalization during his tenure. Search instead in Creative? We wanted Beam management was to cruise the ship, and the Captain himself was Matt Shattock, as a matter of fact, he did a great job. All Rights Reserved. of Lawson, Inc. 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. Suntory, one of Japan's biggest beverage makers, may be one of them. Hay un equilibro delicado entre cooperacin y competencia; ms ahora, que la sostenibilidad se ha convertido en una parte fundamental de la estrategia de la mayora de las empresas. 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. The shape of Japan's workforce is shifting, with more people working part-time. Cmo de fcil es tener esa conversacin con la competencia? That happened almost 15 years ago. 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 growth for 12 consecutive years and quadrupling its . In 2021, nearly 40% of Japan's total workforce was employed part-time or worked irregular hours, up from roughly 20% in 1990, according to McGowan. Outside of Suntory, Tak is a member of the Council on Social Security Reform for All Generations and has . Has there been a change in strategy on your part? Trustee 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. Tak is also a member of the International Chamber of Commerce's Executive Board, the World Economic Forum's International Business Council, the Advisory Board of the World Economic Forum Center for the Fourth Industrial Revolution, the Global Board of Advisors of the Council on Foreign Relations, and The Business Council in the US. They had more than two hundred years. I'm not saying that we will be producing beer in other countries, however, because of a beer business which is tough, gives us a lot of learnings from doing business in this country. I was in the silo, always. Christine: Suntory's also Japan's third largest beer brewer. I'm sure he was in a hurry (laughs) -- there was a huge amount of cash and all debt. Christine: The Beam deal gave Suntory also access to the very profitable U.S. spirits market. Christine: So, have you fixed your governance issue? CNBC is the leading global broadcaster of live business and financial news and information, reporting directly from the major financial markets around the globe with regional headquarters Singapore, Abu Dhabi, London, and New York. Christine: Niinami-san, thank you so much for talking to me. Niinami: At this moment, there is no plan yet. "I feel lucky, as writing and selling books gives me an additional income stream. It took us 5 months to have dinner. You've had to sell off and offload some of your businesses. Prior to joining Suntory in 2014, Tak served as CEO Prior to joining Suntory in 2014, Tak served as CEO of Lawson, Inc., which he grew into one . COVID-19 brought about drastic change to our lifestyles, including the way we work and communicate with each other. Christine: It's a big opportunity for you? 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. Christine Tan: Niinami-san, thank you so much for talking to me. Niinami: That's right. "As the share of these non-regular workers has gone up, of course the average wages also stay low, because they make less," she said. He is also Vice Chair of the Board of Councilors of Keidanren Japan Business Foundation, and Vice Chairman of the Japan Association of Corporate Executives. 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. The interview will play out in CNBC's latest episode of Managing Asia on 20 December . Takeshi Niinami is President/Co-CEO at Suntory Holdings Ltd. See Takeshi Niinami's compensation, career history, education, & memberships. It has to be very vague, ambiguity, we love it! How to say Takeshi Niinami in English? Christine: Well, he was the one that made the $16 billion integration (That's right) of Beam anyway. Christine: You're 60 years old, you graduated from Harvard, you've been described as internationally minded, one of the most internationally minded executives here in Japan with close ties to Prime Minister Shinzo Abe. Ello desincentiva a algunos a la hora de asociarse con los competidores. Mr. Takeshi Niinami has been the President and Chief Executive Officer of Lawson Inc. since May 2002. These skill sets can be transported to China or Southeast Asia. Meanwhile, we are now asked to reconsider what is the genuine abundance for the people living today. Suntory Group aims to create a society full of Brilliance of life. With our mission To create harmony with people and nature, Suntory contributes to creating a rich and prosperous lifestyle by providing products and services of the highest quality, and aspires to create a sustainable society while always being mindful of social diversity as well as coexisting with the beautiful global environment. Browse 297 takeshi niinami stock photos and images available or start a new search to explore more stock photos and images. All rights reserved. Got a confidential news tip? I don't want to stay with how things have been operated. Christine: You recently launched a new bourbon Legent which is really your baby because that's right out of your efforts to integrate the beam acquisition and it's actually a symbol of combining the eastern western techniques of distilling. 2 Lawson reviews. Christine: As part of the integration process, you decided to combine the distillery skills of both companies, but you know, these two companies have their own unique way of making whiskies. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC2018and/or its affiliates. And I thought - instead of pushing him to accept the model I thought of was for governance, I tried to communicate, to understand. Fried chicken and rice pizzas: How inflation is changing menus in Asia, This giant economy wants its workers to get inflation-busting pay rises, Japan's job-for-life culture has survived war, earthquakes and now a pandemic, The owner of Uniqlo is boosting pay for Japan employees by up to 40% as inflation bites. And then, I joined the integration program and I told everybody from both parties, there must be big differences between the two companies in terms of culture. A menudo, la solucin requiere invertir en nuevas tecnologas, y eso es caro. Managing Asia is the Asia Pacific region's ground-breaking interview programme featuring CEOs, entrepreneurs and other business leaders. Factset: FactSet Research Systems Inc.2018. Adems, los alentamos a participar en las iniciativas de sostenibilidad de Suntory, como ir a bosques para experimentar los programas de restauracin de cuencas hidrogrficas. The term refers to a period of high inflation and stagnant economic growth. That's why, three years ago, after giving up hopes for higher pay, the schoolteacher decided to start writing books. "That's why I was able to survive.". But the most impressive part of its space program is its cost-effectiveness. Age : 63. Hong Kong/Tokyo (CNN)Hideya Tokiyoshi started his career as an English teacher in Tokyo about 30 years ago. Whereas, western culture maybe, maybe even Asian culture, to be straightforward, not to have conflict in the future. Takeshi Niinami, Self: Managing Asia. 2023 CNBC LLC. So, within five years' time, the dollar gross margin will pick up at least 5 percentage. Cul es el papel de las polticas pblicas en cuanto al progreso? Niinami: Yes, whisky crisis is happening in the world too, as for Suntory whisky. We need good quality water and really good people to brew a premium beer. But it also led the company with a huge pile of debt. 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. Takeshi Niinami, chief executive officer of Suntory Holdings Ltd., during a Bloomberg Television interview on the closing day of the World Economic Por esa razn, las empresas quiz tengan que asociarse cada vez ms, incluso con sus propios competidores, para lograr economas de escala. Last month, Kishida warned the economy was at stake, saying Japan risked falling into stagflation if wage rises continued to fall behind price increases. October 1st,under the new management of Nobutada Saji,Chairman of the Board,and Takeshi Niinami,President of Suntory Holdings,the Suntory Group takes a powerful step forward toward the achievement of dynamic and global growth. Niinami: Right. That's why Lawson has been very successful competing with its arch rival 7-11. I know it will take us so long a time to enjoy the profits, but there is a big trend that Chinese consumers are trying to taste something different. Had dinner last night with Takeshi Niinami. In 2021, the average annual paycheck in Japan was $39,711, compared with $37,866 in 1991. But he told everyone - his peers and his management team - that I've got it! We are branding more and more those big brands which were sleeping like Bakers, Basil Hayden, Knob Creek, they have wonderful brands but are underutilized. But mostly, how we can leverage incumbent and the current product lines. But there was a huge cultural gap, because Suntory was not fully ready to be global. Niinami, an influential leader who is expected to become the next chairman of business lobby Keizai Doyukai in April, also said he wanted to . All rights reserved. All Rights Reserved. Quieren sentir que estn contribuyendo a la sociedad. Showing Editorial results for takeshi niinami. 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. 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. Take it easy." Christine: Over the last few years, you've expanded and acquired an array of products to include a larger variety of nonalcoholic drinks like Orangina, Ribena and Lucozade. 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. Dicho esto, los objetivos de sostenibilidad no se logran de la noche a la maana. Founded as a family-owned business in 1899 in Osaka, Japan, Suntory Group has grown into a global company operating throughout the Americas, Europe, Africa, Asia, and Oceania with annual revenue (excluding excise taxes) of $19.8 billion in 2021. Not at all. Because. My assumption was they only want to produce all this good quality, good quality for our consumer. The page may not be displayed properly if the JavaScript is deactivated on your browser. Japan's unique work culture is contributing to wage stagnation, according to economists. Niinami: No, I don't think so. Copyright (C) The International House of Japan, Inc. 2020 U.S.-Japan Creative Artists Fellowship Program. What new spirits can come out of the Beam Suntory relationship? Takeshi Niinami. In 1995, he was appointed CEO of Sodex Corporation, a food service joint venture between Mitsubishi and Sodexho, France. Please view the main text area of the page by skipping the main menu. I would say western standard and Japanese standard are very different. Christine: But what is behind this whisky shortage? Ahora bien, es algo que debe abordarse y resolverse en aras de lograr un progreso colectivo respecto a los objetivos de sostenibilidad. Presidents of Puig and Suntory Holdings are the latest members of IESE's IAB. We increased the gross margin rate tremendously by learning from Beam Suntory. Gary Saji talked to me, "Tak, take a look at this. Jan 24, 2023. If you choose to use anything, please attribute to CNBC and Christine Tan. Christine: And finally, you spent the last five years as CEO of Suntory Holdings. Niinami: No, not at all. It's good, but we need more leaders - understanding the values of diversity. Even. The Suntory president was participating in the Japan Association of Corporate Executives' summer seminar when he made the comments on both days. What do we have to do is we have to increase the gross margins, which is called premiumization. Suntorys employees throughout the world are working as one with the spirit of Monozukuri* to develop innovative products, and to propose new styles of consumption and joy that did not exist in the past. The interview will play out in CNBC's latest episode of Managing Asia on 20 December 2019, 6.30PM SG/HK (in APAC) and 11.00PM BST time (in EMEA). 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. A free inside look at company reviews and salaries posted anonymously by employees. But that series of misunderstanding happened. As the first chief executive outside the founding family, what impact do you want to make as you continue to grow the company? The annual negotiations kick off this month. Below is the transcript of a CNBC exclusive interview with Suntory Holdings President and CEO, Takeshi Niinami. Niinami: That's right. Because of the huge pull down of whisky sales, we reduced production for the time being. Niinami: The reason is because Soju which is local spirits which emerged all of a sudden when we were doing fine to sell Suntory whisky. If they say "yes" like this (Niinami nods), it doesn't mean yes. CNBC is a division of NBCUniversal. SHARE. Niinami sought to demonstrate that the measure would spur workers to move into growth industries and rejuvenate corporate organizational structure. Son Gncelleme : 26 ubat 2023 - 6:36. Instead, we just seek only, you know, market share and top line. Experts have pointed to a series of reasons for the stagnant wages. ", When asked at a Sept. 10 press conference about what he meant, Niinami said, "45 years old is a turning point, and it's important for people to rethink their lives then. The head of Suntory Holdings Ltd, Takeshi Niinami, said on Tuesday he expected the next governor of the Bank of Japan (BOJ) to show a clear policy roadmap, including criteria for ending its . Niinami: So, give us five or six years, but even five, six years from now, I can't guarantee that we can supply enough to the market. Speakers. Cuando decimos que tenemos un deber para con nuestros grupos de inters, eso incluye a los accionistas. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. 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. Tambin estn experimentando un crecimiento, y los consumidores de esos pases, naturalmente, quieren aprovechar los beneficios del desarrollo; muchos de ellos, lo experimentan por primera vez. But three months later, it was not. 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. Until now, consumers wouldn't have taken a hit to their wallets or felt the need to demand better pay, she added. Explore the latest videos from hashtags: #takahashiminami, #takashiminami, #takeshi, #shinigami, #takeshinishigori . Japanese Prime Minister Fumio Kishida is urging businesses to hike pay and help workers keep up with the higher costs of living. Raising wages by 3% or more a year was already a core goal of Kishida's administration. 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