Ikuo Takeuchi
Profile
Performance in office
Tenure
Tenure
Background
He joined Toyobo in April 1985 and became an Executive Officer 33 years later, in April 2018. He became Managing Executive Officer in April 2020 and Director and Managing Executive Officer in June that year, reaching the presidency 36 years after joining. In the FY ended March 2015, the top shareholders were led by The Master Trust Bank of Japan at 6.33%, followed by trust banks, life and non-life insurers and banks, with the Toyobo Employee Stock Ownership Association seventh at 1.52%.
Selection
In April 2021 he replaced Seiji Narahara as Director, President and President Executive Officer. It was a promotion three years after becoming an Executive Officer and ten months after joining the board. In the FY ended March 2021, the year before he took office, consolidated net sales were ¥337.4 billion and operating income ¥26.7 billion, but net income was only ¥4.2 billion.
Initiatives
In the FY ended March 2022, his first year, consolidated net sales grew to ¥375.7 billion and operating income to ¥28.4 billion, but in the FY ended March 2023 operating income fell to ¥10.1 billion with a net loss of ¥600 million. His tenure also involved dealing with quality misconduct relating to UL standards. In the FY ended March 2026, sales were ¥421.6 billion and operating income ¥27.9 billion, back to the level of the FY ended March 2022.
Career
Career
Toyobo
| Date | Position |
|---|---|
| Apr 1985 | Joined |
| Apr 2018 | Executive Officer |
| Apr 2020 | Managing Executive Officer |
| Jun 2020 | Director and Managing Executive Officer |
| Apr 2021 | President and President, Executive Officer |
References 1
References (Japanese primary sources)
- 東洋紡 有価証券報告書【役員の状況】