Today in 1946, more than twenty members of the Tokyo Telecommunications Research Institute, founded by Masaru Ibuka in the previous year, attended the inauguration ceremony which officially established the Tokyo Telecommunications Engineering Corporation. Ibuka’s father-in-law, Tamon Maeda was appointed president of the new company. In his speech at the ceremony, Maeda said: “Today our small company has made its start. With its superior technologies and spirit of perfect unity, the company will grow. As it does so, we can certainly make a contribution to society.” In 1958, the company changed its name to Sony Corporation.