The three richest people in Japan made their fortunes in a completely different way. One, Takemitsu Takizaki founded an R&D company, which develops bar-code readers and other components for factory automation systems. Second, Masayoshi Son founded SoftBank. And finally, Japan’s richest man, Tadashi Yanai, is the man who gave the world the retail store Uniqlo and made his success possible largely by imitating The Gap’s business model. Combined, Japan’s three richest individuals are worth $ 115.6 billion. Let’s take a look at their stories.
Takemitsu Takizaki $ 32 billion
Takemitsu Takizaki is the founder of Keyence, a company that manufactures sensors, bar-code readers, vision systems, digital microscopes and other electronic components for factory automation systems. Keynes specializes only in product planning and development and does not manufacture end products. Takizaki founded the company in 1974 and since then, Keyence has developed and created a large pool of technology patents with its large investment in R&D. Key products are used by Toyota and Toshiba. Takemitsu Takizaki owns 26% of the company.
Masayoshi Sun $ 34.9 Billion
Today, Masayoshi Son is known as the founder and CEO of SoftBank Capital. However, Son hurried and patented the computer chip bandwagon and sold his first microchip while still in college for $ 1 million dollars. Son is also the CEO of Softbank Mobile. He graduated from Berkeley in 1980 with a BA in economics. A year after his graduation, he formed Japanese telecommunications and Internet corporation SoftBank. The Tokyo-based company has a corporate profile that includes several other ventures such as Japanese broadband company SoftBank BB, data center company IDC Frontier, gaming company Gungo Online Entertainment and publishing company SoftBank Creative. SoftBank also has various partnerships with Japanese subsidiaries of foreign companies such as Yahoo !, E-Trade, Eustad.ugE, EF Education First, and Morningstar.
Tadashi Yanai $ 48.7 billion
The founder of Uniqlo is Tadashi Yanai Richest person in japan. He started three decades ago with a dilapidated T-shirt store he inherited from his father. Yanai had plans to put his own spin on the store. One shop was not enough, he wanted to build an empire. This was in the early 1980s and Tadashi greatly praised the work of American management expert Peter Drucker, whose business philosophy stated that wealth and ethics should not be mutually exclusive. Yanai could build his empire and become a very rich man without destroying his soul. From Drucker’s teachings, Yanai learned that it is best to think first about what the customer (or owner) wants to sell, about what customers want. So she quickly added women’s clothing to her menswear store and relaunched the entire campaign in 1984 as the Unique Clothing Warehouse (which she later shortened to Uniqlo). He soon began expanding into the suburbs.
In the late 1980s, Yanai set out to study and fully replicate what The Gap did. Uniqlo mimicked all the business models of Gap’s production and sales of its own clothing in particular. Following Gap would prove to be a massively successful strategy for Uniqlo and its parent company Fast Retailing. In 1993, Tadashi made a move that was absolutely unprecedented for a Japanese company: he shifted all production to China. This allowed them to cut the cost of clothing sold and further increase profits. During the economic downturns in 2008 and 2009, Yanai went into a takeover race. He bought Theory and Helmut Lang, both high-end designers of basic wardrobe components. All acquisitions fall under the Fast Retailing Umbrella Corporation, of which Uniqlo is still the largest asset.