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Japan’s three richest men made their fortunes in very different ways. The first is that Takemitsu Takizaki founded a research and development company to develop barcode his readers and other components for factory automation systems. Another Masayoshi Son founded Softbank. And finally, Tadashi Yanai, Japan’s richest person, is the man who brought retailer Uniqlo to the world and enabled his success by largely copying the Gap business model. Combined, his three men are worth $115.6 billion. Let’s see their story.
Takemitsu Takizaki $32 billion
Takemitsu Takizaki is the founder of Keyence, which manufactures sensors, barcode readers, vision systems, digital microscopes and other electronic components for factory automation systems. KEYENCE specializes only in product planning and development, and does not manufacture final products. Takizaki said he founded the company in 1974, and since then Keyence has developed and built up a sizeable technology patent pool from his significant R&D investments. Keyence products are used by Toyota and Toshiba. Takemitsu Takizaki owns 26% of the company.
Masayoshi Son $34.9 billion
Today, Masayoshi Son is best known as the founder and CEO of SoftBank Capital. But Son jumped on the computer chip bandwagon early on, patenting it and selling his first microchip for his $1 million while in college. Son is also the CEO of SoftBank Mobile. He graduated from Berkeley with his BA in Economics in 1980. A year after his graduation, he founded Japanese telecommunications and internet company SoftBank. The Tokyo-based company includes a variety of companies, including Japanese broadband company SoftBank BB, data center company His IDC Frontier, gaming company GungHo Online Entertainment, and publisher SoftBank Creative. SoftBank also has various partnerships with Japanese subsidiaries of foreign companies such as Yahoo!, E-Trade, Ustream.tv, EF Education First and Morningstar.
Tadashi Yanai
(Photo by YOSHIKAZU TSUNO/AFP via Getty Images)
Tadashi Yanai $48.7 billion
Uniqlo founder Tadashi Yanai richest man in japanHe started 30 years ago in a single dilapidated T-shirt store he reluctantly inherited from his father. Yanai had plans to put his own spin on the store.One store wasn’t enough, he wanted to build an empire. It was his early 1980s, and Tadashi was impressed by the work of American management expert Peter Drucker. His business philosophy is that money and morality need not be mutually exclusive. Yanai was able to build his own empire and become a very wealthy man without having his soul corrupted. I’ve learned that it’s best to think first about what the customer wants instead of what. As such, he soon added women’s clothing to his menswear store, and in 1984 renamed the entire business Unique His Clothing Warehouse (later shortened to Uniqlo). He soon began making inroads into the suburbs as well.
In the late 1980s, Yanai set out to study and perfectly recreate everything The Gap had done. Uniqlo imitated The Gap’s business model of producing and selling all of its own clothing exclusively.Imitating The Gap is a highly successful strategy for Uniqlo and its parent company Fast Retailing. will be proven. In 1993, Tadashi made an unprecedented move for a Japanese company. He moved all production to China. This allowed him to reduce the cost of the clothing he sold and further increase his profits.During the economic recession of 2008 and his 2009, Yanai continued to make acquisitions. He acquired his Theory and Helmut Lang, high-end his designers of basic wardrobe components. All acquisitions are owned by Fast Retailing, with Uniqlo still its biggest asset.
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