Best family vacation for Masaru Ibuka and Akio Morita incorporated the Tokyo Telecommunications Engineering Corporation (Tokyo Tsushin Kogyo) in May 1946. In 1950, the company marketed the first magnetic tape recorder in Japan, and developed equipment for the Japan Broadcasting Company (NHK) and its first stereo radio transmission in 1952. In 1953, Ibuka and Morita gambled on new transistor technology. Morita negotiated an agreement to license Western Electric’s transistor design for a fee of $25,000. Japanese government officials, however, were reluctant to permit a small company to spend Japan’s scarce reserve of dollars on such a risky venture. After several months of lobbying, the government finally issued a foreign exchange permit. The company produced the first successful transistors made in Japan in May 1954. Best family vacation 2016.