Keyence, a business that manufactures sensors, bar-code readers, vision systems, digital microscopes, and other electronic components for factory automation systems, was founded by Takemitsu Takizaki.
Despite being listed as a manufacturer, Keyence only focuses on product planning and development and does not produce finished goods. They are primarily produced by skilled contract manufacturing businesses.
Takemitsu Takizaki Bio/Wiki
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Approximately two months before World War II came to an end, in June 1945, Takemitsu Takizaki was born in the Kyoto prefecture in southern Japan.
He accepted a job working for a multinational industrial company after finishing high school. According to a July 2013 article in President Online, the online edition of the Japanese magazine President, he launched two enterprises during the following ten years that both failed, forcing him to concentrate on developing the electronic sensor manufacturer Keyence without incurring debt.
In 1974, Takizaki established Lead Electric, the forerunner of Keyence, with just three workers. Twelve years later, in a play on the company’s tagline, “Key to Science,” he altered the name of the business. According to a September 2006 article in President, the billionaire managed Keyence utilizing nontraditional management techniques in contrast to normal Japanese firms.
In the majority of Japanese businesses, junior employees hold elevator doors open so that executives can exit first. According to the President’s article, Takizaki made it a business policy that such courtesy didn’t important and insisted that the person nearest to the door should get off first because it’s more practical.
He also urged workers to refer to one another by their names rather than titles, which is unusual in the nation, to undermine established hierarchies. According to a September 2006 article in Nikkei Business News, Takizaki, a devoted fossil collector, scattered the remains of the past all over the company’s headquarters.
He wanted people to understand that if they don’t create new things to adapt to change, they will become extinct like fossils. The recent high school graduate contributed to the development of precise sensors used on assembly lines to create chips for Toshiba Corp. and cars for Toyota Motor Corp.
According to its 2014 annual report, its employees received an average annual compensation of roughly 16.5 million yen ($137,000) in the year that ended in March 2015, ranking them among the top paid in the Japanese equipment business. Additionally, bonuses are given to workers four times a year. According to The Financial Times, one reason Takizaki’s Keyence is so successful is that it outsources production, sending raw materials to component suppliers, then taking those components and sending them to assemblers before performing final checks.
The corporation reduces the possibility that its suppliers will learn about its business practices and turn become rivals by dividing the production chain. With 46 locations worldwide, Keyence is known for compensating its staff well, with monthly bonuses based on their success.
According to The Times, its employees make some of the highest wages in Japan, taking home an average of $170,000 annually. In March 2015, the billionaire relinquished his position as chairman and adopted the title of honorary chairman. According to Bloomberg, Takizaki was the fourth-richest person in Japan when he left his position at this point with a worth of $7.2 billion.
But his wealth would climb by more than five times during the following six years. The pandemic has forced businesses to look for ways to continue production without in-person interaction, which has contributed to a spike in the need for factory automation in Japan. On top of that, Keyence, Nintendo, and Murata, a producer of electronic components, were among the three businesses recently selected to join the Nikkei 225, Japan’s blue-chip stock index.
Takizaki increased his wealth by $5.9 billion this year as a result. Takizaki is now Keyence’s honorary chairman and, according to Bloomberg, owns 21% of the company.
Factory automation is the focus of the multinational corporation Keyence Corporation, which has a network of 16 foreign organizations. Keyence Corporation has more than 8,300 people worldwide and generates annual revenues of approximately US $4.9 billion. Keyence is a direct sales organization, therefore salespeople go to clients’ locations to demonstrate products in person.
A variety of industries, including those in the electronics, semiconductor, automotive, food and packaging, biotechnology, and pharmaceutical sectors, use Keyence’s product line in their manufacturing and research processes. Keyence is a fabless manufacturer that offers a variety of goods, including photoelectric sensors, proximity sensors, measurement devices for inspection lines, and extremely accurate microscopes used in research facilities.
More than 300,000 users use these goods on a global scale. Products can be delivered through 148 agents in 31 countries or from Keyence’s warehouses in Japan, the U.S., the U.K., Canada, Germany, Italy, France, Thailand, Malaysia, Singapore, and South Korea. Keyence The Nihon Keizai Shimbun frequently included Japan in its annual list of the “Top Ten Most Excellent Companies in Japan.” The business consistently has a high ROE (12.32%) and a conservative equity ratio (95.54%). It is also regarded as one of the highest-paying businesses in Japan.
At the entryway of the Japanese headquarters is an ammonite fossil that dates back 350 million years; the meeting rooms and hallways are lined with more relics of extinct animals. Relics are meant to provide a subliminal message to staff members: aspire high or you’ll end up as a fossil.
The International Association for Bridge and Structural Engineering presented the Outstanding Structure Award to the corporate headquarters building in 2000 in honor of the structure that was the most outstanding, inventive, creative, or otherwise stimulating.
Takemitsu Takizaki Net Worth
Takizaki’s ownership of Keyence, an electronic sensor manufacturer with headquarters in Osaka, accounts for most of his wealth. According to the company’s Sept. 20, 2021, YUHO report, he controls 21% of the company directly, through the holding company TT KK, and through his son Takeshi Takizaki.
The billionaire is given credit for the whole fortune to represent his position as the company’s founder. The study of stock transactions, computed dividends, market performance, and taxes determines the worth of his cash investments. An official in Keyence’s management office named Ryu Nakayama declined to comment on Takizaki’s wealth.
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