1950's
07/09/2004
Oki Electric introduces major structural reforms
President Kanbe's first task was disposing of the predecessor company's debt, recorded on Oki Electric's books as an extraordinary loss and amounting to over 178.5 million yen. President Kanbe decided to have the stockholders and general creditors bear the losses, in line with the Enterprise Reconstruction and Reorganisation Act.
The 1950's also saw Oki reduce the technological gap between itself and overseas companies. Oki Electric began energetically introducing new technology from abroad.
1951
Oki Electric's shares were listed on
the Tokyo Stock Exchange.
1952
The company doubled its capital to 360
million yen.
1953
Oki Electric introduced teletypewriter technology from Western
Electric.
1958
As the companies business expanded
another round of organisational reforms became necessary. In April
1958 the company introduced major structural reforms, such as
establishing a Comprehensive Technology Planning Office,
reorganising the business Research Department and adopting a new
plant system.
1959
Oki Electric increased its capital to 2.16 million yen and also
issued its first corporate bonds in this year.
