Nobuyuki Idei, Sony CEO who elevated digital, dies at 84 – Billboard
Nobuyuki Idei, who led Japan’s Sony from 1998 to 2005, driving its growth in the digital and entertainment sectors, has died, the company announced on Tuesday. He was 84 years old.
Idei died of liver failure on June 2 in Tokyo, Sony Group Corp said. in a press release.
Sony Chief Executive Kenichiro Yoshida said he and the company are indebted to Idei’s vision to prepare Sony for the internet age.
“During his seven years as CEO from 1998, Mr. Idei made an immense contribution to Sony’s evolution as a global company. In particular, the foresight and foresight with which he predicted the impact of the internet and proactively engaged in digitalization at Sony still amazes me today,” he said.
Tokyo-based Sony is among Japan’s leading brands, having brought the Walkman portable music player to the world. But it had humble beginnings in the 1940s, when the nation was rebuilding from the ashes of World War II.
Sony was founded by Akio Morita, who co-wrote ‘The Japan That Can Say No’, which advocates for a more assertive and proud Japan, and Masaru Ibuka. In the 1970s, when Sony was developing the Walkman, some engineers were skeptical. But Morita insisted people would listen to music on the go.
Idei joined Sony in 1960, after graduating from the prestigious Waseda University in Tokyo, and worked in its audio and video divisions.
He was named chairman in 1995 and is credited with being behind successful products such as the Vaio laptop computer.
He became chief executive three years later, handpicked by Norio Ohga, who ran Sony in the 1980s and 1990s and was a flamboyant music lover who played a key role in the company’s development of the compact disc.
Idei pushed Sony’s digital operations under the slogan “Digital Dream Kids”. He also accelerated Sony’s global expansion, including the PlayStation video game business and Sony’s sprawling entertainment empire that includes music and movies.
Idei has also consolidated a global group management framework and corporate governance structure within the company. He was appointed head of the Japanese government’s IT Strategy Council in 2000, helping the country build broadband networks.
He was replaced by Howard Stringer, the first non-Japanese to lead Sony, an appointment intended to better integrate Sony’s electronics and entertainment businesses.
This upheaval in 2005 came at a time of growing concerns over whether Sony could revive its electronics business in the face of cheaper competition from Asian rivals. Sales of products that were once the mainstay of Sony power, such as televisions and portable players, had plunged.
In 2003, under Idei’s leadership, Sony stock plunged into what has been dubbed the “Sony Shock” after reporting worse than expected red ink.
Sony had repeatedly promised to generate profits from futuristic gadgets that download network-connected home entertainment, allowing the company to tap into both its electronics and entertainment divisions.
“Sony’s shock was a shock to us too,” Idei said at the time. “We want to turn the shock into something positive.”
After retiring from Sony, Idei established consulting firm Quantum Leaps Corp. which focused on reshaping businesses and nurturing a next generation of leaders.
Idei is survived by his wife and their daughter, according to Sony. A private funeral service has been held with immediate family and a company memorial event in his honor is planned for a later date, he said.