Akira Ichikawa
Profile
Performance in office
Tenure
Tenure
Background
He joined Sumitomo Forestry in April 1978 and rose to Executive Officer in June 2007 and Director and Managing Executive Officer in June 2008. He is a career employee who spent all 32 years from joining to becoming President at Sumitomo Forestry. Among major shareholders at the end of his first fiscal year, ended March 2011, Sumitomo companies lined up: Sumitomo Metal Mining led with 5.7%, followed by Sumitomo Corporation (2.47%), Sumitomo Life Insurance (2.38%) and Sumitomo Mitsui Banking Corporation (2.33%), with the Sumitomo Forestry Group employee stockholding association ninth at 2.11%.
Selection
In April 2010 he succeeded Ryu Yano as Representative Director and President. The promotion came less than three years after he became an Executive Officer in June 2007 and less than two years after he joined the board. Whereas his predecessor Yano had taken 11 years from joining the board to becoming President, Ichikawa was appointed at an early stage in his officer career. In the fiscal year ended March 2010, the year before he took office, consolidated net sales were ¥723.9 billion and operating profit ¥9.7 billion, with sales down for three straight years from ¥911.7 billion in FY ended March 2007.
Initiatives
During his tenure, consolidated net sales grew from ¥797.5 billion in FY ended March 2011 to ¥1,308.9 billion in FY ended March 2019, and operating profit from ¥14.2 billion to ¥49.2 billion. In FY ended March 2017 the company posted operating profit of ¥54.0 billion and net income of ¥34.5 billion. In his final year, FY ended March 2020, net sales were ¥1,104.1 billion, operating profit ¥51.4 billion and net income ¥27.9 billion, and in April 2020 he became Chairman.
Career
Career
Sumitomo Forestry
| Date | Position |
|---|---|
| Apr 1978 | Joined |
| Jun 2007 | Executive Officer |
| Jun 2008 | Director, Managing Executive Officer |
| Apr 2010 | Representative Director, President |
| Apr 2020 | Chairman |
| Apr 2020 | Stepped down as President |
Sumitomo Chemical
| Date | Position |
|---|---|
| Jun 2022 | Outside Director |
Daiwa Securities Group
| Date | Position |
|---|---|
| Jun 2025 | Outside Director |
References 1
References (Japanese primary sources)
- 住友林業 有価証券報告書【役員の状況】