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Akio Morita

From Wikipedia, the free encyclopedia

Akio Morita on the cover of his autobiography Made in Japan
Akio Morita on the cover of his autobiography Made in Japan

Akio Morita (盛田昭夫 Morita Akio, January 26, 1921 in Nagoya, JapanOctober 3, 1999 in Tokyo) was a co-founder of Sony Corporation.

He was born on January 26, 1921 in Nagoya to a family that involved in sake, miso and soy sauce production in Chita Peninsula, Aichi Prefecture since 1665. He graduated from Osaka Imperial University in 1944. Trained as a physicist, Morita was an officer in the Imperial Japanese Navy during World War II. He met Masaru Ibuka in the Wartime Research Committee. After the War, on May 7, 1946, they founded Tokyo Tsushin Kogyo K.K. (Tokyo Telecommunications Engineering Corporation, the forerunner to Sony) with approximately 20 employees and initial capital of ¥190,000. Ibuka was 38 years old at the time and Morita was 25. Morita's family invested in Sony during the early period and used to be the largest shareholder.

In 1949, the company developed magnetic recording tape and in 1950 sold the first tape recorder in Japan. In 1957 it produced a pocket-sized radio (the first full-transistorized radio in the world's history) and a year later renamed itself Sony (sonus is Latin for sound, and Sonny-boys is Japanese slang for "whiz kids"). In 1960 it produced the first transistor television in the world.

In 1961, Sony Corporation of America was the first Japanese company to be listed on the New York Stock Exchange. In 1989 Sony bought Columbia Pictures.

In the early 1990s, he was famous for co-authoring an essay The Japan that Can Say No with politician Shintaro Ishihara, which was critical of United States business practices, and encouraged Japanese to take a more independent role in business and foreign affairs.

On November 25, 1994, Morita announced his resignation as Sony chairman, after suffering a cerebral hemorrhage while playing tennis. His successor, Norio Ohga, had joined the company after sending Morita a letter denouncing the poor quality of the company's tape recorders.

Morita also wrote a book called Never Mind School Records in the '60s, which stressed that school records are not important in one's success or ability to do business. He was also Vice Chairman of the Keidanren (Japan Federation of Economic Organizations) and was a member of the Japan-U.S. Economic Relations Group, (also known as the "Wise Men's Group").

He was awarded the Albert Medal from the United Kingdom's Royal Society of Arts in 1982; he was the first Japanese to receive the honour. Two years later, he received the prestigious National Order of the Legion of Honor and in 1991, he was awarded the First Class Order of the Sacred Treasure from the Emperor of Japan.

He died of pneumonia at the age of 78.

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