Michio Fukuda
Profile
Performance in office
Tenure
Tenure
Background
He joined the family business Fukudaya Yofukuten in May 1971, becoming a director at the same time. He became Senior Managing Director in June 1982 and Representative Director and President of Bears Factory Ltd. in April 1991. He also ranked high as a shareholder, sixth with 4.7% in the FY ended February 2006 and fifth with 4.99% in the FY ended February 2011. In the FY ended February 2016 Fukuzo became the largest shareholder with 33.33%; it appears to be the Fukuda family's asset management company.
Selection
In March 1993 he became Representative Director and President as the second leader after founder Tetsuzo Fukuda, and that year renamed the company POINT. He had moved to Bears Factory in April 1991 and spent two years there before returning as president of the parent. He left the presidency to become Representative Director and Chairman in May 2004, and returned as Representative Director, Chairman and President in May 2010. He stepped back to chairman again in September 2013, became Representative Director, Chairman and CEO in May 2015, and took the presidency for a third time as Representative Director, Chairman and President in May 2018.
Initiatives
In his first term, consolidated net sales grew from ¥15.6 billion in the FY ended February 2002 to ¥27.9 billion in the FY ended February 2004. After his return in May 2010, net sales built up to ¥121.7 billion in the FY ended February 2013, but operating income fell from ¥15.3 billion in the FY ended February 2011 to ¥9.7 billion. The company shifted to a holding company structure in September 2013, and the operating company's name was changed to Adastria in June 2015. In his third term, the FY ended February 2020 recorded net sales of ¥222.4 billion and operating income of ¥12.9 billion, and in the FY ended February 2021 operating income fell to ¥0.8 billion with a net loss of ¥0.7 billion.
Career
Career
Fukudaya Clothing Store
| Date | Position |
|---|---|
| May 1971 | Joined as Director |
| Jun 1982 | Senior Managing Director |
Beazufakutori
| Date | Position |
|---|---|
| Apr 1991 | Representative Director, President |
Pointo
| Date | Position |
|---|---|
| Mar 1993 | Representative Director, President |
| Dec 2002 | 波茵特股份有限公司(現 愛德利亞台灣股份有限公司)董事長 (translation pending) |
| May 2004 | Representative Director, Chairman |
| May 2004 | Stepped down as President |
| May 2010 | Representative Director, Chairman and President |
| Sep 2013 | Stepped down as President |
Adasutoria Holdings
| Date | Position |
|---|---|
| Sep 2013 | Representative Director, Chairman |
| May 2015 | Representative Director, Chairman and Chief Executive Officer |
| May 2018 | Representative Director, Chairman and President, Andoesuti |
| May 2021 | Stepped down as President |
BUZZWIT
| Date | Position |
|---|---|
| Apr 2021 | Chairman, Erementoruru |
| May 2021 | Representative Director, Chairman, Andoesuti |
References 1
References (Japanese primary sources)
- アダストリア 有価証券報告書 第75期（2025年2月期）【役員の状況】