Yuichiro Wakatsuki
Profile
Performance in office
Tenure
Tenure
Background
He joined The Industrial Bank of Japan in April 1989 and moved to Merrill Lynch Japan Securities in March 2000. There he became a Director in January 2016 and Vice Chairman of Investment Banking that June. He joined Nippon Paint in November 2019 as Senior Managing Executive Officer and became CFO in January 2020. He was an outsider with a finance background in banking and investment banking and no career in the paint business.
Selection
In April 2021 he became Representative Executive Officer and Co-President, succeeding Masaaki Tanaka. He took office as co-president rather than sole president, a promotion one year and three months after becoming CFO. In the fiscal year before he took office, ended December 2020, consolidated revenue was ¥772.5 billion, operating income ¥87.6 billion and net income ¥43.9 billion. The change came right after the Asian joint ventures were made wholly owned subsidiaries through the third-party allotment to Wuthelam decided by his predecessor Tanaka.
Initiatives
In his first year, the fiscal year ended December 2021, consolidated revenue was ¥998.2 billion and net income ¥67.5 billion, revenue up ¥225.7 billion from the year before. Revenue grew to ¥1,309.0 billion with operating income of ¥111.9 billion in FY ended December 2022, and to ¥1,442.5 billion and ¥168.7 billion in FY ended December 2023. In FY ended December 2025, revenue was ¥1,774.2 billion, operating income ¥257.1 billion and net income ¥179.8 billion, 2.3 times the scale of the year before he took office. Employees increased from 27,318 in FY ended December 2020 to 34,393 in FY ended December 2023.
Career
Career
Industrial Bank of Japan
| Date | Position |
|---|---|
| Apr 1989 | Joined |
Merrill Lynch Japan Securities
| Date | Position |
|---|---|
| Mar 2000 | Joined |
| Jan 2016 | Director |
| Jun 2016 | Division, Vice Chairman, Investment Bank |
Nippon Paint Holdings
| Date | Position |
|---|---|
| Nov 2019 | Senior Managing Executive Officer |
| Jan 2020 | Senior Managing Executive Officer, CFO |
| Apr 2021 | Representative Corporate Executive Officer, Co-President |
| Mar 2022 | Director, Representative Corporate Executive Officer, Co-President |
References 1
References (Japanese primary sources)
- 日本ペイント 有価証券報告書【役員の状況】