Nozomu Matsumoto
His son, Seiya Matsumoto, graduated from Chuo University and joined his father's company as head of sales and marketing until he became president of the company in 1982. The brother of Seiya, Kanya Matsumoto was very technical, just as his father. When he joined the company, he was responsible for technical and productive aspects in the company. In 1961 the name 'Pioneer' was changed to 'Pioneer Electronic Corporation', and it was listed on the Tokyo Stock Exchange. Nozomu Matsumoto died in 1988 at the age of 83.