Tsuguhide Fujiyoshi
Profile
Performance in office
Tenure
Tenure
Background
Born in Fukuoka in 1913, he graduated from the Department of Mechanical Engineering at the University of Tokyo's Faculty of Engineering in March 1935 and joined Toyo Rayon in April that year. He became General Manager of Synthetics Plant Construction in March 1955 and Counselor and manager of the Nagoya Plant in March 1961, then Director in November 1962, Managing Director in November 1964 and Representative Director and Executive Vice President in November 1966. A plant engineer, he took 27 years from joining to the board and nine years from the board to the presidency.
Selection
In November 1971 he succeeded Seiichiro Hirota as Representative Director and President. He was promoted after five years as Representative Director and Executive Vice President. In the same month Executive Vice President Kizo Yasui became Director and Chairman. In the FY ended March 1971, the year before he took office, non-consolidated net sales were ¥307.0 billion and net income ¥14.4 billion, with sales up 71% from ¥179.2 billion five years earlier.
Initiatives
In September 1975, during a recession in which textile companies were diversifying into non-fiber businesses, he flatly rejected moving away from fibers in an interview with the editor-in-chief of Nikkei Business. He called managers who turned defensive on the assumption of low growth losers, and urged risk-taking within the bounds of scratches that would not hurt the core. Non-consolidated results fell to sales of ¥298.4 billion and net income of ¥6.19 billion in the FY ended March 1972, and the company posted an ordinary loss of ¥5.9 billion in the FY ended March 1976 and ¥900 million in the FY ended March 1978. It recovered to sales of ¥480.9 billion, ordinary income of ¥32.0 billion and net income of ¥13.9 billion in the FY ended March 1980, and in June that year he became Representative Director and Chairman.
Career
Career
Toray Industries
| Date | Position |
|---|---|
| Apr 1935 | Joined |
| Mar 1955 | 合成工場建設部長 (translation pending) |
| Mar 1961 | Counselor, General Manager, Nagoya Plant |
| Nov 1962 | Director |
| Nov 1964 | Managing Director |
| Nov 1966 | Representative Director, Executive Vice President |
| Nov 1971 | Representative Director, President |
| Jun 1980 | Stepped down as President |
References 3
References (Japanese primary sources)
- 日本企業要覧 1972年版
- 日本企業要覧 1980年版
- 日経ビジネス 1975年9月29日号「低成長論に縛られたら負け犬だ。かすり傷覚悟で経営を」