Naofumi Sato

Profile
Tenure
Jun 2020 – Apr 2023
Years in office
2.8 years
Name in Japanese
佐藤尚文
Title at appointment
Representative Director, President
Performance in office
KRAFTIA
Performance in office
FY2020FY2023Change
Revenue¥428.9billion¥395.8billion−8%
Net margin6.1%6.6%+0.5pt
NishimuraSatoIshibashi
Revenue¥311.3 billionRevenue¥476.1 billionNet margin5.8%Net margin8.4%2016/32021/32026/3
Revenue¥311.3 billionRevenue¥476.1 billionNet margin5.8%Net margin8.4%2016/32021/32026/3
API: /api/1959/financials_history.csv · /api/1959/financials/pl.json
Tenure

Tenure

Background

At Kyushu Electric Power he served as Director and Managing Executive Officer from June 2012 and Representative Director and Executive Vice President from June 2014. In June 2018 he moved to Kyudenko as Chairman, and in June 2020 became Representative Director and President. Kyudenko's largest shareholder is Kyushu Electric, with a 26.85% stake as of the fiscal year ended March 2006. The appointment brought in an officer from the largest shareholder and placed him at the top after two years as Chairman.

Education: Keio University, Faculty of Commerce (1976)

Selection

In June 2020 he succeeded Matsuji Nishimura as President, two years after being brought in as Chairman in June 2018, without having held an executive post inside the company. In the fiscal year ended March 2020, the year before he took office, consolidated net sales rose to ¥428.9 billion from ¥408.1 billion the previous year, while operating profit dipped slightly from ¥36.7 billion to ¥36.0 billion. It was not a turnaround but a change that simply elevated the Chairman brought in from the largest shareholder to the top.

Initiatives

After he took office, consolidated net sales fell for two straight years, to ¥391.9 billion in FY ended March 2021 and ¥376.6 billion in FY ended March 2022, before recovering to ¥395.8 billion in FY ended March 2023. Operating profit fell from ¥36.0 billion in the year before he took office to ¥32.1 billion, while net income was essentially unchanged, from ¥26.2 billion to ¥26.3 billion. In April 2022 his title was changed to Representative Director, President and Chief Executive Officer.

Career

Career

Kyushu Electric Power

Date Position
Jun 2012 Director, Managing Executive Officer
Jun 2014 Representative Director, Executive Vice President

KRAFTIA

Date Position
Jun 2018 Chairman
Jun 2020 Representative Director, President
Apr 2022 Representative Director, President, Executive Officer
Apr 2023 Stepped down as President
References 1

References (Japanese primary sources)

  • クラフティア（旧 九電工）有価証券報告書【役員の状況】