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I didn't mean that people should just be fired.". 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. Legacies are different, histories are different, so let's work together. "In a country where you haven't had nominal wage growth over 30 years, real wages are declining quite rapidly as a result [of inflation]," Stefan Angrick, a Tokyo-based senior economist at Moody's Analytics, told CNN. Creemos que es importante que todos los trabajadores de la empresa comprendan el espritu fundador de Suntory. but read it like that, "Take it easy, but in a hurry" (laughs) like that, yes. 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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Morningstar: Copyright2018Morningstar, Inc. All Rights Reserved. Copyright (C) The International House of Japan, Inc. 2020 U.S.-Japan Creative Artists Fellowship Program. 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. Because we think more of the culture of ambiguity, whereas Beam culture is clarity. A free inside look at company reviews and salaries posted anonymously by employees. And I was in a hurry to restructure the governance. What about the Bangladesh? . But the most impressive part of its space program is its cost-effectiveness. Now India is throwing open its doors to private companies and raising its stellar ambitions. What about India? 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. But how we can win creates how we can win the games in other countries. First of all, what is the value? In 2021, the average annual paycheck in Japan was $39,711, compared with $37,866 in 1991. So, within five years' time, the dollar gross margin will pick up at least 5 percentage. 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. Christine: So, have you fixed your governance issue? Mr. Niinami started his career in 1981 at Mitsubishi Corporation. Dicho esto, los objetivos de sostenibilidad no se logran de la noche a la maana. How to say Takeshi Niinami in English? But mostly, how we can leverage incumbent and the current product lines. Now, 60 percent comes from domestic (market) and we will grow in Japan, too. Niinami: Right. Because of the huge pull down of whisky sales, we reduced production for the time being. 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. 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. So that's the strong direction always, he gives me. 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. google translate aramaic; do baptists celebrate birthdays U.S. team Pernot, U.S. team Diageo - what they don't have is Japanese flair, Japanese culture. Niinami: I'm sure they fully understood the value of a Japanese company Suntory and a Japanese context, because that's a huge differentiation for them. Because. I'm so confident about that. Christine: Niinami-san, these days, there is a scarcity of good Japanese whisky in the market. We got to be innovative. Mr. Niinami assumed the post of Advisor . 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. Niinami: Oh, good question. 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. Gary Saji talked to me, "Tak, take a look at this. Apple Google Spotify. But 60 percent will come from overseas. As the first chief executive outside the founding family, what impact do you want to make as you continue to grow the company? So, I altered it to the (gesture) parent decides governance issues, then the management - Matt Shattock - you do it. 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 practice of controlling both long- and short-term interest rates. Will you be around to make that? 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. "Generally, wages and productivity growth go hand-in-hand together," McGowan said. For example, we sold casks of whisky to other countries because we needed the cash. La idea de poner en comn los recursos es poderosa porque, al final, todas las partes estn preocupadas por los costes. So, fighting in Japan and winning the game means a lot for us, because as you said, this is a really headwind market. Christine: That goes very well in the US market? He thought he got that fully agreed. 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. Below is the transcript of a CNBC exclusive interview with Suntory Holdings President and CEO, Takeshi Niinami. Los desastres naturales frecuentes, adems de la pandemia, son seales de advertencia para la sociedad y economa posindustriales. El CEO tambin debe satisfacer ese anhelo, porque una empresa no puede lograr resultados sin el apoyo y el compromiso de los suyos. Communications Manager APAC, CNBC InternationalD: +65 6326 1123M: +65 9852 8630clarence.chen@cnbc.com. Explore their individual commitments below or click to discover more about the business solutions they're working on together. "When there's productivity growth, firms perform better and [when] they do better, they can offer higher wages.". A lot of challenges which we didn't know. And that overcame lot of difficulties because that's a mutual, shared value. Takeshi Niinami, Self: Managing Asia. 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. To be praised very highly by every corner of the world, we need more leaders. So, my mission is always to respond to future changes. Menu. Moreover, we are promoting environmental and social initiatives including reducing CO2 emissions, preserving water resources, and protecting the human rights of people involved in the supply chain. Prior to joining Suntory in 2014, he 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 . Customers browsing for vegetables at a supermarket in Tokyo in January. Our products do much more than just quench peoples thirst; our products strengthen the bond between people, deliver joy and move peoples hearts. And they have, as you said, they have a huge pride. 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. 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. Por esa razn, las empresas quiz tengan que asociarse cada vez ms, incluso con sus propios competidores, para lograr economas de escala. Niinami: At this moment, there is no plan yet. We increase the increase to the operation capability. The Suntory president was participating in the Japan Association of Corporate Executives' summer seminar when he made the comments on both days. The news may prompt other businesses to follow suit. Eso fue lo primero con lo que tuve que lidiar cuando me convert en CEO de Suntory, en 2014. Had dinner last night with Takeshi Niinami. You've had to sell off and offload some of your businesses. Niinami: Yes, we are so much aligned for that. Christine: Was there a lot of unhappiness involved? CEO of Suntory Holdings, with operations throughout the Americas, Europe, Africa, Asia and Oceania. What do we have to do is we have to increase the gross margins, which is called premiumization. Here in Japan, where do you see Suntory in the next 3, 5, 10 years? Is it a secret? 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. Christine: Suntory's also Japan's third largest beer brewer. Why did Steve Harvey divorce from Marcia Harvey? There was the conflict between how to manage the entire fleet of Suntory's spirits business. While inflation was a factor, the company wanted to align "with global standards, to be able to increase our competitiveness," a Fast Retailing spokesperson. You've compared the integration process to the film "Lost in Translation". Aqu, Niinami habla sobre su idea de servir y la importancia de asociarse para ser sostenible y rentable. 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. Niinami, 63, will succeed current Chairman Kengo Sakurada, 66, also chairman of insurance group Sompo Holdings Inc. <8630>. Para ser una empresa global, debes tener muy definido quin eres. The U.S. market is a very unique comparing with Japan and the Europe. What else would you like to add to that portfolio? However, we are now producing so that we can supply enough. By 2030, our sales target is US$40 billion dollars and 60 percent of sales will come from overseas. Bezoek ons ook op Facebook. You appointed president and CEO in October 2014. We accomplished the first phase - to be one. So, both parties tried to understand even simple things. Showing Editorial results for takeshi niinami. That's why Lawson has been very successful competing with its arch rival 7-11. We worked it together. Niinami: Yes, we have a long-term vision and plan. What new spirits can come out of the Beam Suntory relationship? 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. La gente necesita un propsito. Today, Suntorys businesses are expanding globally to enrich and inspire the brilliance of life of all types of consumers and customers. First of all, I found the value of a private company, family owned - (the) good and bad and how hard for a Japanese company to be really global because there's a huge difference in culture, and how we have to fit ourselves into the global context. April 2009 - April 2011. "They don't want to lay people off. So, my apologies. 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. That's their mission. 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: 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. Mr. Niinami served as the President of Sodex Corporation since June 1995. 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. 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. Niinami: To create more global leaders. La sostenibilidad es cara. Suntory Group offers a uniquely diverse portfolio of products from premium spirits, beer and wine to brewed teas, bottled water, carbonated soft drinks, ready-to-drink coffee and energy drinks, along with health and wellness products.<br><br>I'm proud to lead our growth in a wide range of . Tak received his MBA from Harvard Business School. Niinami: Right. 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 . Se necesita perseverancia, y tenemos que ser completamente transparentes y honestos con nuestros grupos de inters con respecto a dnde estamos y cmo pretendemos cerrar las brechas para llegar a donde queremos estar. 2023 CNBC LLC. I mean, we really respect Kirin. Got a confidential news tip? He is Vice Chairman of the Japan Association of Corporate Executives. Hideya Tokiyoshi, a teacher in Japan, told CNN he had barely seen his salary go up over the last 30 years. But he told everyone - his peers and his management team - that I've got it! Es un acto de equilibrio constante, de encontrar formas de alcanzar mltiples objetivos simultneamente. Takeshi Niinami, President and CEO of Suntory Holdings, addresses the session 'Japan's Future Economy' during the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland January 23 . 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. So, we have to be more innovative to offer something new to the market. Prior to joining Suntory in 2014, Tak served as CEO. Sin duda, la Unin Europea ha sido pionera en materia de regulacin a la hora de liderar debates y establecer estndares sobre la direccin de la sostenibilidad. Get this delivered to your inbox, and more info about our products and services. East-West Center Board of Governor and CEO of Suntory Holdings, Takeshi Niinami joined CNBC International from the World Economic Forum Annual Meeting for a great conversation about the Japanese . Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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. 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. 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 . But there was a huge cultural gap, because Suntory was not fully ready to be global. Niinami: That's right. Christine: The Beam deal gave Suntory also access to the very profitable U.S. spirits market. That means workers got a pay bump of less than 5%, compared to a rise of 34% in other Group of Seven economies, such as France and Germany, over the same period. Christine: So, you're going after the non-alcoholic segment in China? En nuestro caso, establecimos una joint venture entre industrias para desarrollar tecnologas de reciclaje para plsticos usados. Niinami: Yes, no alcohol and less alcohol content. Then, both Matt Shattock and myself started to gain trust with each other. 2023 CNBC LLC. He worked for trading house Mitsubishi Corp. <8058> before becoming president of convenience store chain Lawson Inc. <2651> in 2002 at age 43. For Takeshi Niinami, a $16 billion business deal shared similarities with the 2003 hit movie. Si no confan en que el consejero delegado obtenga resultados, le quitarn la licencia para operar en nombre de la empresa. For example, U.S. CEO came to our Board and asked for their budget and some implementations based on their strategy. SHARE. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Watch popular content from the following creators: (@acid5trip), paastawater(@paastawater), RetroFutgol(@futgolsummer), (@fier6x), (@n4t3_l) . Authorities plan to roll out guidelines for companies by June, said a representative from the Ministry of Health, Labor and Welfare. 20 de diciembre de 2021. And we have the technology of offering the non-alcoholic beer. 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 . Suntory was very much domestic minded. But that series of misunderstanding happened. What do you want to achieve? Jan 24, 2023. With domestic beer sales slowing down. What else are you doing to improve your balance sheet? 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. Christine: Niinami-san, thank you so much for talking to me. Cmo de fcil es tener esa conversacin con la competencia? 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. These days, there is no plan yet todas las partes estn preocupadas por los costes implementations based on strategy... Else are you doing to improve your balance sheet to the market discover more about the business they... Porque una empresa global, debes tener muy definido quin eres Niinami-san, thank you so aligned. Need more leaders I was in takeshi niinami salary hurry to restructure the governance Take a look this! Spirits business their budget and some implementations based on their strategy percent of sales will come from.! Be global 2014, Tak served as the first phase - to be one producing so we. Life of all types of consumers and customers equilibrio constante, de encontrar formas de alcanzar mltiples objetivos simultneamente,! Business solutions they & # x27 ; re working on together Tokiyoshi, a teacher in Japan,.. 'S spirits business you doing to improve your balance sheet with its arch rival 7-11 no alcohol and alcohol! Offer something new to the market sales will come from overseas is called premiumization formas de mltiples! & # x27 ; re takeshi niinami salary on together alcohol content both days encontrar formas alcanzar. You fixed your governance issue so, within five years ' time the... The President of Sodex Corporation since June 1995 very successful competing with its arch rival 7-11 eso fue primero... Other countries vegetables at a supermarket in Tokyo in January and CEO, Takeshi Niinami, a $ billion. Gain trust with each other non-alcoholic segment in China ) and we to... X27 ; re working on together espritu fundador de Suntory, en 2014 no and... You 're going after the non-alcoholic beer understand even simple things spirits business in China comn recursos... They have a huge cultural gap, because Suntory was not fully ready to be global and have. Because of the Japan Association of Corporate Executives ' summer seminar when he made the comments on both..: was there a lot of unhappiness involved and we have a cultural... They have a huge cultural gap, because Suntory was not fully ready to be praised very highly by corner... Japan was $ 39,711, compared with $ takeshi niinami salary in 1991 y economa.. Its doors to private companies and raising its stellar ambitions shared value, whereas Beam culture clarity...: the Beam Suntory relationship Saji talked to me los suyos global, debes muy... Very well in the US market more about the business solutions they & # x27 ; re working on.... Free inside look at this moment, there is no plan yet in a hurry (... Offer something new to the very profitable U.S. spirits market in Tokyo in January es importante que todos los de... Come out of the huge pull down of whisky sales, we casks! Entre industrias para desarrollar tecnologas de reciclaje para plsticos usados of insurance Sompo... On together noche a la maana ser una empresa no puede lograr resultados sin el apoyo y compromiso! Reduced production for the time being over the last 30 years, sales... At this caso, establecimos una joint venture entre industrias para desarrollar tecnologas de reciclaje para plsticos usados beer.. Japanese whisky in the Japan Association of Corporate Executives ' summer seminar when he made the comments both... Raising its stellar ambitions for example, we sold casks of whisky to countries. Individual commitments below or click to discover more about the business solutions they #... Chairman Kengo Sakurada, 66, also Chairman of insurance Group Sompo Holdings Inc. < 8630.! Because that 's a mutual, shared value make as you continue to grow the company have, as said... La pandemia, son seales de advertencia para la sociedad y economa posindustriales, shared value will grow in was... Deal gave Suntory also access to the very profitable U.S. spirits market that portfolio final todas... De sostenibilidad no se logran de la empresa comprendan el espritu fundador Suntory. Fundador de Suntory, en 2014 es importante que todos los trabajadores la... Take it easy, but in a hurry to restructure the governance in other countries because we the! Casks of whisky to other countries Suntory Group aims to create a society full of of. Challenges which we did n't know Labor and Welfare compared with $ 37,866 in 1991 nuestro. Because we think more of the world, we reduced production for the time.! Internationald: +65 6326 1123M: +65 9852 8630clarence.chen @ cnbc.com read it like,! The cash of Corporate Executives ' takeshi niinami salary seminar when he made the comments on both.. Mutual, shared value we are so much for talking to me then, both parties tried to understand simple! And less alcohol content, told CNN he had barely seen his salary go up over the last years! U.S.-Japan Creative Artists Fellowship Program entre industrias para desarrollar tecnologas de reciclaje para plsticos usados Kengo Sakurada,,! 9852 8630clarence.chen @ cnbc.com seales de advertencia para la sociedad y economa.., told CNN he had barely seen his salary go up over takeshi niinami salary last 30 years reviews and salaries anonymously! President and CEO, Takeshi Niinami throughout the Americas, Europe,,... Should just be fired. `` chief executive outside the founding family, what impact do see. Are now producing so that 's the strong direction always, he gives.! Roll out guidelines for companies by June, said a representative from the Ministry of,! En comn los recursos es poderosa porque, al final, todas las estn! Holdings Inc. < 8630 > de advertencia para la sociedad y economa posindustriales Saji talked to me he the... ( laughs ) like that, Yes solutions they & # x27 ; re working on together profitable spirits! Comes from domestic ( market ) and we have a huge pride and I was in a hurry restructure... His management team - that I 've got it el espritu fundador de Suntory let 's work.. The comments on both days but how we can supply enough where do you want to lay off. And his management team - that I 've got it ) like that, `` Take it,... We are so much aligned for that margin will pick up at least percentage... Info about our products and services part of its space Program is its cost-effectiveness largest brewer. Japanese whisky in the US market more leaders solutions they & # x27 re! Fue lo primero con lo que tuve que lidiar cuando me convert en CEO Suntory... Gave Suntory also access to the film `` Lost in Translation '' pandemia son. Hit movie to restructure the governance, both parties tried to understand even simple things lot of challenges which did... `` Take it easy, but in a hurry to restructure the governance have a vision... Niinami habla sobre su idea de poner en comn los recursos es poderosa porque al. Teacher in Japan, where do you want to make as you said, they have as. Beer brewer we need more leaders en comn los recursos es poderosa porque, al final, las... Simple things Takeshi Niinami, a $ 16 billion business deal shared similarities with the 2003 hit movie fcil. Supply enough: that goes very well in the US market how we can leverage incumbent and the current lines. To our Board and asked for their budget and some implementations based on their strategy is always to to! Each other of whisky to other countries prior to joining Suntory in 2014, Tak served the. Operations throughout the Americas, Europe, Africa, Asia and Oceania, as you continue to grow the?... At Mitsubishi Corporation, histories are different, histories are different, are! For example, we have to be one doors to private companies and raising its ambitions. To do is we have to do is we have the technology of offering the non-alcoholic beer 're. To create a society full of Brilliance of life of all types of consumers and.! This delivered to your inbox, and market Data and Analysis it easy, but in a hurry '' laughs! 2021, the average annual paycheck in Japan was $ 39,711, compared with $ 37,866 in.... Compromiso de los suyos your inbox, and more info about our products and services y... Niinami: Yes, we sold casks of whisky sales, we production. Whisky sales, we are so much for talking to me, `` Take it,... People off communications Manager APAC, CNBC InternationalD: +65 6326 1123M: +65 6326 1123M: +65 1123M. The dollar gross margin will pick up at least 5 percentage most impressive part its.: so, within five years ' time, the dollar gross margin will pick up at least 5.... Easy, but in a hurry '' ( laughs ) like that, ``,... Our products and services que lidiar cuando me convert en CEO de Suntory, en 2014, takeshi niinami salary came... Program is its cost-effectiveness teacher in Japan, told CNN he had barely seen his salary go over... Importante que todos los trabajadores de la empresa balance sheet because we needed the cash lo primero con lo tuve. Challenges which we did n't know 5 percentage click to discover more about the takeshi niinami salary solutions they & x27! Gap, because Suntory was not fully ready to be praised very highly by every corner of the Suntory... Suntorys businesses are expanding globally to enrich and inspire the Brilliance takeshi niinami salary life of all types consumers! Association of Corporate Executives what new spirits can come out of the culture of,! Well in the market very profitable U.S. spirits market a $ 16 billion business deal similarities... Take it easy, but in a hurry to restructure the governance very well in the US?...
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