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Japanese family businesses

March 28, 2017

Founded in 705 AD and now in its 52nd generation, Japan’s Nishiyama Onsen Keiunkan is today the world’s oldest family business. With that sort of longevity, it’s not surprising that the hot spring hotel has catered for some of Japan’s most famed ancient samurai and shōgun

Founded in 705 AD and now in its 52nd generation, Japan’s Nishiyama Onsen Keiunkan is today the world’s oldest family business. With that sort of longevity, it’s not surprising that the hot spring hotel has catered for some of Japan’s most famed ancient samurai and shōgun.

 

 

 

FAMILY

March 30, 2015

Investors have backed the second-generation chief executive of Otsuka Kagu in a feud with her father, who wanted her ousted from the family business.

Investors have backed the second-generation chief executive of Otsuka Kagu in a feud with her father, who wanted her ousted from the family business.

Kumiko Otsuka, 47, succeeded her father to the helm of the Japanese furniture retailer in 2009, and has been attempting to give the company more mass market appeal in order to compete with brands like Ikea.

However, her father, company founder Katsuhisa Otsuka, has accused her of taking the firm down market.

September 18, 2013

Eiji Toyoda, who helped transform Toyota Motor Corp into the world’s largest carmaker, has died in Japan at the age of 100.

Eiji Toyoda, who helped transform Toyota Motor Corp into the world’s largest carmaker, has died in Japan at the age of 100.

A cousin of the automaker’s founder, Toyoda joined the company in 1936 – fresh from his graduation from a mechanical engineering degree. He went on to serve as president from 1967 to 1981, and then served as chairman until 1994.

He remained an honourary adviser at Toyota right up until his death. He died at a hospital set up by the Toyota City-based company in 1938 for its factory workers.

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