The Yazaki Corporation
IMD – Lombard Odier Darier Hentsch Distinguished Family Business Award 2007
by Professor Kazuo Ichijo*
Yazaki Corporation, headquartered in Minato-ku, Tokyo (Japan), is a 100% privately owned corporation with a diverse range of products in the global automotive and environmental systems sectors. More recently, the company has begun to expand into a third business sector, mainly in the areas of nursing care and environment-related businesses. Above all, Yazaki is the world’s largest producer of automotive wiring harnesses, with a market share of approximately 30% as of 2006.
Over the years, the automotive business has evolved into a global exchange of knowledge, services and products. The Yazaki Group has achieved a significant global presence with 169 companies and 410 business sites in 39 countries. It has production facilities in the USA, Mexico, South America, Africa, Australia, Southeast Asia, India and China as well as throughout Europe, which has developed into a major market since 1980. Yazaki Corporation acts as the central hub of the Yazaki Group of companies, which employ approximately 200,000 people worldwide. With an integrated business system incorporating research and development, production, sales and management, Yazaki is able to accommodate customer requests quickly and with flexibility. For the fiscal year 2005-2006 (ended June 2006), the group registered worldwide sales of ¥1,271.2 billion1 a year-on-year increase of approximately 11%. As of June 2006, Yazaki’s capital amounted to ¥3.1915 billion. 2
Since its founding, Yazaki has been owned and governed by the Yazaki family. Currently, the family is the primary shareholder, and the company is governed by the second generation of the family with the third playing important roles in the company’s growing global business. Key executives include Yasuhiko Yazaki, chairman; Shinji Yazaki, president; George Perry, president and chief executive officer of Yazaki North America; Volker Heuzeroth, chief executive officer of Yazaki Europe Limited; and third generation family members Riku Yazaki and Ko Yazaki, both directors of Yazaki Corporation
Approximately US$11 billion
Approximately US$28 million