Fujio Mitarai is the chairman and CEO of Canon inc.
12 Facts About Fujio Mitarai
2.
Fujio Mitarai studied law at Chuo University, and was President of Canon in the USA until 1989.
3.
In 1961, Fujio Mitarai joined Canon, training as an accountant.
4.
Fujio Mitarai was sent to the US to help Canon develop in the camera market.
5.
Fujio Mitarai discovered that only $6,000 had been made on sales of $3 million.
6.
The auditors that advised Fujio Mitarai told him Canon should close its US operations and put the money in the bank as it would make more money off the interest.
7.
Fujio Mitarai noticed that Canon's US division was drastically inefficient especially when it came to their corporate structure.
8.
When Fujio Mitarai took an in-depth look at the company's corporate structure, he noticed that the different divisions within the company became so independent that they only thought about what would benefit their division, not the entire company.
9.
Fujio Mitarai was responsible for launching several new Canon products, notably the Canon AE-1 35mm SLR camera that allowed amateur photographers to take high quality photos.
10.
In 1984 Fujio Mitarai struck a deal with Hewlett-Packard to produce photocopiers using HP software and Canon laser printing.
11.
In 1989 Fujio Mitarai returned to Japan and found that several of the company's divisions were in the red, however he was unable to do anything about it until 1995 when he was made CEO.
12.
Fujio Mitarai began to shut down unprofitable divisions within the company and turned the focus of the company from sales to profits, and rewarded Canon's best performing staff.