Yoshimitsu Kobayashi
Profile
Performance in office
Tenure
Tenure
Background
A career employee, he joined Mitsubishi Chemical in December 1974. He became an Executive Officer in June 2003 and Managing Executive Officer in April 2005. In June 2006 he also became a director of the holding company Mitsubishi Chemical Holdings, and in April 2007 its President. He served at the same time as President of the operating company Mitsubishi Chemical, moving to Chairman of that company in April 2012. It took him 32 years from joining to become President of the holding company.
Selection
In April 2007 he became President, succeeding Ryuichi Tomizawa. The holding company Mitsubishi Chemical Holdings had been launched in October 2005, and this was the first change from its first President. In the fiscal year ended March 2007, the year before he took office, consolidated net sales were ¥2,622.8 billion, operating income ¥128.6 billion and net income ¥100.3 billion, all on a par with ¥2,408.9 billion, ¥133.6 billion and ¥85.5 billion the year before. On taking office he also became President of the main operating company, Mitsubishi Chemical, heading both the holding company and the operating company himself.
Initiatives
In 2007 he made Mitsubishi Plastics a wholly owned subsidiary through a share exchange, consolidating the performance products business directly under the holding company. In 2010 he made Mitsubishi Rayon a subsidiary through a tender offer, investing about ¥210 billion together with a share exchange that same year. During his tenure consolidated operating income fell to ¥8.2 billion with a net loss of ¥67.1 billion in the fiscal year ended March 2009, but by FY ended March 2015, the year he stepped down, net sales had recovered to ¥3,656.2 billion and operating income to ¥165.7 billion. Compared with the year before he took office, net sales were about 1.4 times higher, and employees doubled from 33,447 to 68,263.
Career
Career
Mitsubishi Chemical Corporation
| Date | Position |
|---|---|
| Dec 1974 | Joined |
| Jun 2003 | Executive Officer |
| Apr 2005 | Managing Executive Officer |
| Apr 2007 | President |
| Apr 2012 | Chairman |
Mitsubishi Chemical Holdings
| Date | Position |
|---|---|
| Jun 2006 | Director |
| Apr 2007 | President |
| Apr 2015 | Chairman |
| Apr 2015 | Stepped down as President |
| Jun 2021 | Director |
References 1
References (Japanese primary sources)
- 三菱ケミカルグループ 有価証券報告書【役員の状況】