The Japanese Nikkei News recently interviewed president Mr. Masami Zaiki of Nitto Seiko Co. Ltd., one of the giants in the Japanese fastener industry. The interview pointed out his business philosophy: “Never ever miss out on that 1%.”
Nitto Seiko produces 26.4 billion pieces of screws per year, and up till now it has reached a total amount of 161.6 billion pieces, most of which are high precision screws, and among which are 0.6mm screws as small as a gain of sand. The company’s strength is that not a single one of its screws even as tiny as a gain of sand will fall off. The general public might think that 99% achievement is good enough because (…)