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. Analysis by Michelle Toh and Emiko Jozuka, CNN, Updated 0006 GMT (0806 HKT) February 4, 2023. Para las pymes, hablar de reducir las emisiones es un lujo que pocas pueden permitirse. Had dinner last night with Takeshi Niinami. And I thought - instead of pushing him to accept the model I thought of was for governance, I tried to communicate, to understand. Takeshi Niinami: Representative Director, Executive Vice President, COO: Nobuhiro Torii: Division COO, MBC Laboratory / CSR Department Suntory Spirits Limited, Representative Director, President & CEO: Director, Executive Vice President: Shinichiro Hizuka: Corporate Planning Division / "If some of the biggest companies in Japan raise wages, many other firms will follow," if only to stay competitive, said Yamaguchi. We ate at Okame, one of my favorite little Tempura shops in Tsukiji. Find Suntory Holdings President And Ceo Takeshi Niinami Interview stock photos and editorial news pictures from Getty Images. Chairman, Committee to Support Tokyo 2020 Olympic and Paralympic Bid, as a representative of the business community. 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. In 1995, he was appointed CEO of Sodex Corporation, a food service joint venture between Mitsubishi and Sodexho, France. Takeshi Niinami, Self: Managing Asia. Despite facing global economic challenges including a pandemic and a spike in supply chain-related costs, Japanese beverage giant Suntory Holdings -- .
How we can brand furthermore to get stronger recognition from consumers is premiumization. But 60 percent will come from overseas. Are you making any headway growing this segment overseas? 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. 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. Ganarnos su confianza es muy importante para mantener la licencia social para operar. The interview will play out in CNBC's latest episode of Managing Asia on 20 December . Anything else out that you want to acquire? Christine: So, you're going after the non-alcoholic segment in China? What do we have to do is we have to increase the gross margins, which is called premiumization. Dicho esto, los objetivos de sostenibilidad no se logran de la noche a la maana. So, my apologies. Christine: You have 11 years to achieve that. Sometimes, our ways are very good -- not to be straightforward, but overall, I think clarity is better for us to communicate with people. El dinero por s solo no motiva a los mejores. La pandemia impuso enormes restricciones financieras a algunos de nuestros proveedores ms pequeos, y, para ellos, la prioridad es sobrevivir. Tak Niinami is the Chief Executive Officer of Suntory Holdings, one of the worlds leading consumer products companies with operations throughout the Americas, Europe, Asia and Oceania. 2023 CNBC LLC. It's good, but we need more leaders - understanding the values of diversity. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. How we can change the quality for the better. For Takeshi Niinami, a $16 billion business deal shared similarities with the 2003 hit movie. So, I didnt feel any obstacle for me to join Suntory Holdings because of family business, because I wanted to work together with Gary Saji to push this company to be a global company, based on Japanese culture, based on Suntory culture. Definitely, you can do that. 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. Takeshi Niinami, chief executive officer of Suntory Holdings Ltd., during a Bloomberg Television interview on the closing day of the World Economic If they say "yes" like this (Niinami nods), it doesn't mean yes. Christine: The Beam acquisition gave Suntory a bigger presence outside of Japan, where growth has been sluggish. Cuando decimos que tenemos un deber para con nuestros grupos de inters, eso incluye a los accionistas. Experts say Japan's wages have also suffered because it lags in another metric: its productivity rate. Baijiu is so respected and well-liked by Chinese consumers. As long as it's an innovative story or a story like 100 and 200 years or something new, all the consumers would love it. Takeshi Niinami, Chief Executive Officer, Suntory Holdings . The sales are very good in the U.S. And again, we have to produce more because of the very, very limited supply. Menu. 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. 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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The Suntory Group will place sustainability at the core of its management, provide products and services that drives sustainable society, and make significant contributions to promote a recycling-oriented and decarbonized society. In 2014, he became the first president of Suntory from outside the founding family, as requested by the company. What else would you like to add to that portfolio? 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. Esta entrevista se publica en IESE Business School Insight 160. So, considering those factors, it's a huge challenge to go overseas. 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. The idea of gemba comes from the same lexicon of Japanese . Christine: And how do you do that, by cutting costs? My assumption was they only want to produce all this good quality, good quality for our consumer. Christine: And finally, you spent the last five years as CEO of Suntory Holdings. El CEO tambin debe satisfacer ese anhelo, porque una empresa no puede lograr resultados sin el apoyo y el compromiso de los suyos. Mr. Niinami was interesting and gives me hope that our generation is taking over Japan. Una empresa puede negarse a trabajar con los proveedores que no cumplan con todos los objetivos ambientales, o puede adoptar un enfoque ms integrador, que es lo que solemos hacer, trabajando junto con ellos para acompaarlos en lugar de excluirlos. Christine: That goes very well in the US market? Niinami is also a private sector member of the government's Council on Economic and Fiscal Policy. 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. Japn necesita aprovechar su tecnologa e influencia para comunicarse con todos los pases asiticos e impulsar el cambio en el continente con premura. Now, 60 percent comes from domestic (market) and we will grow in Japan, too. 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 . Nikkei supesharu kanburia kyden (2007)as Himself, Nysu mningu sateraito (2012)as Himself, President, Lawson, Your email address will not be published. As a matter of fact, Suntory culture definitely comes from Japanese culture which thinks more of nature. Takeshi Niinami is President/Co-CEO at Suntory Holdings Ltd. See Takeshi Niinami's compensation, career history, education, & memberships. Ser una empresa familiar facilita la bsqueda de la sostenibilidad? So, this governance structure was vague when the integration began. Takeshi Niinami: I was so much attracted to Gary Saji, now Chairman of Suntory Holdings, because he has big dreams and huge aspirations to be global, leveraging the strength of Suntory which come from a 120-year legacy. Only 2 percent of the total sales in China comes from other than Baijiu and from other countries. We got to be innovative. We at Yamazaki, Hakushu - they didn't know anything about the Kentucky bourbon, which means bourbon. Now, as workplaces reopen, Suntory executives say it could be the key to effective hybrid working for the 40,000-strong global workforce. Required fields are marked *. Our sales are fantastic. How do you get two proud cultures with a strong heritage to put aside their differences and work together when it comes to distillery? We have some small business already in China, but more and more, I sense that even younger generations in those countries are shifting towards health consciousness. The shape of Japan's workforce is shifting, with more people working part-time. Despite reservations expressed by some members, Takeshi Niinami, president of Suntory Holdings Ltd., is expected to become the next chairman of Keizai Doyukai (Japan Association of Corporate . Hong Kong/Tokyo (CNN)Hideya Tokiyoshi started his career as an English teacher in Tokyo about 30 years ago. Now, the prime minister wants to take another step further, with plans to create a more formalized system. Mr. Niinami served as the President of Sodex Corporation since June 1995. We will invest to the brand investment that will slip down gross margin for the time being as an investment. Por tanto, el CEO debe lograr el equilibrio con sutileza. So that's the strong direction always, he gives me. He discusses the election of . 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. Customers browsing for vegetables at a supermarket in Tokyo in January. How does it feel to be the first chief executive outside the founding family to head the 120-year-old drinks maker? Takeshi Niinami. De qu manera coopera en lugar de competir? All rights reserved. ", 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. He worked for trading house Mitsubishi Corp. <8058> before becoming president of convenience store chain Lawson Inc. <2651> in 2002 at age 43. In 2002, he was appointed President & CEO, Lawson, Inc., then the Chairman of the Board in May 2014. 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. Is it a secret? What else are you doing to improve your balance sheet? The news . Please view the main text area of the page by skipping the main menu. Takeshi Niinami became President and CEO of Suntory Holdings just over seven years ago, in October 2014. 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. Para ser una empresa global, debes tener muy definido quin eres. And if there is a chance, opportunity to acquire some bottlers we might think about. Tokiyoshi is part of a generation of workers in Japan who have barely gotten a raise throughout their working lives. 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. 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. Jan 24, 2023. Prior to joining Suntory in 2014, Tak served as CEO
All rights reserved. Below is the transcript of a CNBC exclusive interview with Suntory Holdings President and CEO, Takeshi Niinami. Ours is one hundred years. Mr. Niinami is a graduate of the Harvard Business School. Christine: But you are working on something? Copyright (C) The International House of Japan, Inc. 2020 U.S.-Japan Creative Artists Fellowship Program. All the thinking about are consumers, the clients and society, and give back to society. "I feel lucky, as writing and selling books gives me an additional income stream. Now India is throwing open its doors to private companies and raising its stellar ambitions. That means they're often very cautious about raising wages in good times so that they have the means to protect their workers when times are tough. In the Beverages industry, Takeshi Niinami has 5,804 colleagues in 450 companies located in 70 countries. "That's why I was able to survive.". Experts have pointed to a series of reasons for the stagnant wages. but read it like that, "Take it easy, but in a hurry" (laughs) like that, yes. 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. (Japanese original by Atsuo Yamaguchi, Business News Department). 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. Tambin estamos invirtiendo en ese tipo de tecnologas. 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). Outside of Suntory, Tak is a member of the Council on Social Security Reform for All Generations and has . Explore the latest videos from hashtags: #takahashiminami, #takashiminami, #takeshi, #shinigami, #takeshinishigori . Niinami: Oh, good question. eric shanks salary; forever 21 profit margin; Divers. We need good quality water and really good people to brew a premium beer. But mostly, how we can leverage incumbent and the current product lines. Celebrities Takeshi Niinami Net Worth Takeshi Niinami Net Worth 2023, Age, Height, Relationships, Married, Dating, Family, Wiki Biography Niinami: Well, up until now, we sold almost what we thought should be offloaded and we did. The page may not be displayed properly if the JavaScript is deactivated on your browser. 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. What was the learning curve for you? Takeshi Niinami, chief executive officer of Suntory Holdings, the world's third-largest whisky maker and also one of Japan's largest beermakers, discusses how . Since then, his salary has stayed pretty much the same. Below is the transcript of a CNBC exclusive interview with Suntory Holdings President and CEO, Takeshi Niinami. But how we can win creates how we can win the games in other countries. There was the conflict between how to manage the entire fleet of Suntory's spirits business. Niinami: No, I don't think so. Factset: FactSet Research Systems Inc.2018. And I asked, which part? - March 2013. However, we are always cautious because all this consumer trend changes. Christine: Let's talk more about that, because one of the things you had to do as CEO Suntory was to integrate the US$16 billion acquisition of U.S. spirits maker Beam in 2014. So, fighting in Japan and winning the game means a lot for us, because as you said, this is a really headwind market. For more information, visit www.cnbc.com. 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. Christine So, you would say that was a huge success? Niinami: I think at least five to six points. 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 . Quieren sentir que estn contribuyendo a la sociedad. We met for the first time last year at the New Business Forum Conference that I chaired and agreed to have dinner sometime. I did. But how to compromise or to take the good parts? Christine: Well, it has been five years, are you done with the integration process? Niinami: I mean Suntory and Beam, there was a huge, huge issue which was governance - how to govern. 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 . LOS ANGELES, May 22, 2022 At the 2022 Asia Society Southern California Annual Gala, U.S.-Japan Council founding chair Thomas Iino presents the "Business Visionary" award to Suntory CEO Takeshi Niinami for Niinami's peerless leadership in the Japanese business community. I mean, we really respect Kirin. February 15th, 2023, 7:13 PM PST. Raising wages by 3% or more a year was already a core goal of Kishida's administration. 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 . Today, Suntorys businesses are expanding globally to enrich and inspire the brilliance of life of all types of consumers and customers. Niinami: Yes, that's right. That's why, three years ago, after giving up hopes for higher pay, the schoolteacher decided to start writing books. I'm sorry for that. So, he was so disappointed. 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 . Ahora bien, hay desafos. Because of the huge pull down of whisky sales, we reduced production for the time being. The U.S. market is a very unique comparing with Japan and the Europe. So, I always like to find the different ways to approach 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 . Christine: Any plans to revisit the merger with Kirin? CNBC is a division of NBCUniversal. 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