Kozo Hiramatsu
Profile
Performance in office
Tenure
Tenure
Background
He joined Sony Corporation in 1973, then served as Vice President of American Express International Japan in 1986, Representative Director of IDG Communications in 1992 and Representative Director of AOL Japan in 1998. In 2003 he became Representative Director of Yayoi Co., Ltd., which became a subsidiary of livedoor in November 2004. He owned 7,000 livedoor shares, a very different capital base from Takafumi Horie, who was listed with 180.97 million shares in the annual securities report for the fiscal year ended September 2005.
Selection
In the annual securities report for the fiscal year ended September 2005, filed in December 2005, Takafumi Horie was Representative Director and CEO, and the directors were insiders such as Ryoji Miyauchi and Noriyuki Yamazaki. In the report for FY ended September 2006, filed in December 2006, Hiramatsu was Representative Director and President, and that December the lawyer Hiroyuki Kamano and Nicholas E. Benes became outside directors. Within a year, a board made up of insiders was replaced by one including the head of an acquired subsidiary and outside directors.
Initiatives
In April 2006 the company was delisted from the TSE Mothers market, and that same month it made Cecile Co., Ltd. a subsidiary through a share acquisition. Between May and September that year it sold off, one after another, its shares in Broadband Pictures, livedoor Fudosan, livedoor Servicer, livedoor Real Estate, Myrice Limited and others. Consolidated revenue in the fiscal year ended September 2006 was ¥137.9 billion, up from ¥78.4 billion the year before, but the company posted an ordinary loss of ¥2.1 billion and a net loss of ¥40.8 billion. Employees rose from 2,456 to 3,539, then fell to 1,156 in FY ended September 2007.
Career
Career
livedoor
| Date | Position |
|---|---|
| 2006 | Representative Director, President |
| 2007 | Stepped down as President |
References 1
References (Japanese primary sources)
- ライブドア 有価証券報告書【役員の状況】（2006年9月期）