Shuji Ito
Profile
Performance in office
Tenure
Tenure
Background
He is a career employee who joined Calbee in March 1979. He became an Executive Officer in July 2001, Director and Executive Officer in June 2004 and Director and Managing Executive Officer in June 2005. It took 22 years from joining to Executive Officer, and four years from Managing Executive Officer to President. In June 2009 he became Representative Director, President and COO, moving to the top following the order built up within the company.
Selection
He became Representative Director, President and COO in June 2009. In the fiscal year ended March 2009, the year before he took office, ordinary profit was ¥4.5 billion and net income ¥2.5 billion on consolidated sales of ¥137.4 billion, an ordinary margin of only 3.3%. Outside capital came in around the time he took office: among major shareholders in the fiscal year ended March 2011, the general incorporated association Miki no Kai ranked first with 22.06% and FRITO LAY GLOBAL INVESTMENTS B.V. second with 20.99%. The change brought in outside capital while the company was still burdened by low margins and promoted the career employee Ito to President.
Initiatives
During his tenure consolidated sales doubled from ¥137.4 billion in FY ended March 2009 to ¥279.3 billion in FY ended March 2023. Operating profit rose for seven straight years from ¥9.5 billion in FY ended March 2010 to ¥28.8 billion in FY ended March 2017. Sales then stayed in a range from the ¥240 billion level to the ¥280 billion level, and operating profit fell to ¥22.2 billion in FY ended March 2023. Growth was concentrated in the first eight years, while the last six were a period in which neither scale nor profit moved.
Career
Career
Calbee
| Date | Position |
|---|---|
| Mar 1979 | Joined |
| Jul 2001 | Executive Officer |
| Jun 2004 | Director, Executive Officer |
| Jun 2005 | Director, Managing Executive Officer |
| Jun 2009 | Representative Director, President and COO |
| Jun 2018 | Representative Director, President and CEO |
| Apr 2023 | Stepped down as President |
References 1
References (Japanese primary sources)
- カルビー 有価証券報告書【役員の状況】