Yoichi Miyamoto
Profile
Performance in office
Tenure
Tenure
Background
He joined Shimizu Corporation in July 1971. He spent the next 32 years there before becoming an Executive Officer in June 2003. He became Managing Executive Officer in June 2005 and Senior Managing Executive Officer in April 2006, reaching the presidency four years after becoming an Executive Officer. He had no experience at other companies; he is a career employee who worked only at Shimizu from joining to retirement. Major shareholders were corporations such as Shimizu Jisho (7.63%) and the Shimizu Foundation social welfare corporation (4.83%), with no individuals near the top.
Selection
In June 2007 he succeeded Tetsuya Nomura as President, a promotion one year and two months after becoming Senior Managing Executive Officer and 36 years after joining. In the fiscal year ended March 2007, the year before he took office, consolidated net sales were ¥1,654.0 billion, operating profit ¥50.8 billion and net income ¥25.6 billion. Net sales had risen by about ¥170 billion in two years from ¥1,484.3 billion in FY ended March 2005.
Initiatives
In his second year, FY ended March 2009, consolidated net sales reached ¥1,887.5 billion, the largest during his tenure, but operating profit fell to ¥22.3 billion. In FY ended March 2010 the company posted a net loss of ¥6.8 billion. Net sales shrank to ¥1,303.7 billion in FY ended March 2011, and operating profit bottomed at ¥13.1 billion in FY ended March 2013. In his final year, FY ended March 2016, results recovered to net sales of ¥1,664.9 billion, operating profit of ¥94.7 billion and net income of ¥59.3 billion.
Career
Career
Shimizu
| Date | Position |
|---|---|
| Jul 1971 | Joined |
| Jun 2003 | Executive Officer |
| Jun 2005 | Managing Executive Officer |
| Apr 2006 | Senior Managing Executive Officer |
| Jun 2007 | Representative Director, President |
| Apr 2016 | Stepped down as President |
References 1
References (Japanese primary sources)
- 清水建設 有価証券報告書【役員の状況】