OSAKA (Kyodo) Shinichiro Torii, a former president of liquor and beverages maker Suntory Ltd., left about 3.2 billion yen in bequests subject to taxation, according to information made public Friday.
Torii, who died at age 66 last July 5, left the inheritance to three family members in the form of securities, including Suntory shares, savings, deposits and real estate, according to a public notice issued by the taxation office in Itami, Hyogo Prefecture, said sources close to the matter.
Torii, grandson of Suntory founder Shinjiro Torii, joined the company in 1967 after working at Sumitomo Bank, a predecessor to Sumitomo Mitsui Banking Corp. He served as president for 11 years from March 1990.
He led the company to become the first seller of law-malt “happoshu” and formed an alliance with Pepsico Inc. of the United States.
Torii also served as chairman of the Kansai Association of Corporate Executives (Kansai Keizai Doyukai) and vice chairman of the Kansai Economic Federation.