Takashi Tsukioka
Profile
Performance in office
Tenure
Tenure
Background
He joined Idemitsu Kosan in April 1975, became an Executive Officer 32 years later in June 2007 and a Director in June 2009. He became Representative Director and Executive Vice President in June 2012 and Representative Director and President the following June, in 2013. The company's shares were unlisted for a long time, and in the fiscal year ended March 2010 the major shareholders were Nissho Kosan with 16.95%, the Idemitsu Cultural and Welfare Foundation with 7.75%, the Idemitsu Kosan employee shareholding association with 5.01%, the Idemitsu Museum of Arts with 5.0% and Shosuke Idemitsu with 2.33%, with shareholders connected to the founding family at the top. Presidents were career employees who held no shares.
Selection
In June 2013 he became Representative Director and President, succeeding Kazuhisa Nakano. He was promoted four years after becoming a Director and one year after becoming Executive Vice President. In the fiscal year before he took office, ended March 2013, consolidated revenue was ¥4,374.6 billion and operating income ¥110.7 billion, profit down 20% from ¥138.1 billion the year before.
Initiatives
In his second year, the fiscal year ended March 2015, the company posted a consolidated operating loss of ¥104.8 billion and a net loss of ¥137.9 billion. Losses persisted in FY ended March 2016 with an operating loss of ¥19.6 billion. It recovered to operating income of ¥135.2 billion and net income of ¥88.1 billion in FY ended March 2017, and to operating income of ¥201.3 billion and net income of ¥162.3 billion in FY ended March 2018, his final year. During his tenure he pursued the business integration with Showa Shell Sekiyu and carried out a public offering of new shares. This appears to have been set against a conflict with the founding family, which opposed the integration. In April 2018 he moved to Representative Director and Chairman, and Shunichi Kito succeeded him as President.
Career
Career
Idemitsu Kosan
| Date | Position |
|---|---|
| Apr 1975 | Joined |
| Jun 2007 | Executive Officer |
| Jun 2009 | Director |
| Jun 2012 | Representative Director, Executive Vice President |
| Jun 2013 | Representative Director, President |
| Apr 2018 | Representative Director, Chairman |
| Apr 2018 | Stepped down as President |
References 1
References (Japanese primary sources)
- 出光興産 有価証券報告書（役員の状況）