Shuichi Okada

Profile
Tenure
Jun 2016 – Oct 2019
Years in office
3.3 years
Name in Japanese
岡田秀一
Title at appointment
Representative Director, President
Performance in office
Japan Petroleum Exploration (JAPEX)
Performance in office
FY2016FY2019Change
Revenue¥240.3billion¥268.0billion+12%
Net margin0.9%5.5%+4.6pt
WatanabeOkadaFujita
Revenue¥276.6 billionRevenue¥325.9 billionNet margin10.5%Net margin16.5%2011/32014/32019/32024/3
Revenue¥276.6 billionRevenue¥325.9 billionNet margin10.5%Net margin16.5%2011/32014/32019/32024/3
API: /api/1662/financials_history.csv · /api/1662/financials/pl.json
Tenure

Tenure

Background

He entered the Ministry of International Trade and Industry in April 1976 and served as Vice-Minister for International Affairs in July 2010. From July 2014 he was Executive Vice President of NEC, and in June 2016 he became Representative Director and President of Japan Petroleum Exploration (JAPEX). Having passed through government and a major electronics maker, he joined the resource developer directly as its top executive.

Education: University of Tokyo, Faculty of Law (1976)
Education: Harvard University, Law School, LL.M. (1981)

Selection

In June 2016 he succeeded Osamu Watanabe as President. Following Watanabe, another former MITI official took the top post, making two successive presidents from government. Whereas Watanabe had been promoted after a year as Executive Vice President, Okada went straight into the presidency from outside. In the fiscal year ended March 2016, the year before he took office, consolidated sales were ¥240.3 billion and operating profit fell from ¥32.1 billion the previous year to ¥8.3 billion.

Initiatives

In his first year, FY ended March 2017, consolidated sales shrank to ¥207.1 billion and operating profit to ¥0.7 billion. In FY ended March 2018 sales recovered to ¥230.6 billion, but the company posted a net loss of ¥31.0 billion. In his final year, FY ended March 2019, sales were ¥268.0 billion, operating profit ¥2.3 billion and net income ¥14.8 billion, with sales exceeding the ¥240.3 billion of the year before he took office. Over his three years and four months, he restored the level of sales, but operating profit fell short of the ¥8.3 billion of the year before he took office.

Career

Career

Ministry of International Trade and Industry

Date Position
Apr 1976 Joined the ministry
Jul 2010 Vice-Minister for International Affairs

NEC

Date Position
Jul 2014 Executive Officer, Executive Vice President

Japan Petroleum Exploration (JAPEX)

Date Position
Jun 2016 Representative Director, President
Oct 2019 Stepped down as President
References 1

References (Japanese primary sources)

  • 石油資源開発 有価証券報告書（役員の状況）