Masafumi Fushihara
Profile
Performance in office
Tenure
Tenure
Background
He joined Onoda Cement in April 1978. He became an Executive Officer in April 2012, his 34th year with the company, and then climbed three rungs in five years: Managing Executive Officer (April 2015), Director and Managing Executive Officer (June 2015) and Director and Senior Managing Executive Officer (April 2017). He became Representative Director and President in April 2018, reaching the top of the company 40 years after joining.
Selection
In April 2018 he succeeded Shuji Fukuda as President, one year after becoming Director and Senior Managing Executive Officer. In the fiscal year before he took over, ended March 2018, consolidated net sales were ¥871.1 billion and operating profit ¥65.1 billion, up from ¥798.5 billion and ¥63.2 billion the year before. As of FY ended March 2015 the major shareholders were led by Japan Trustee Services Bank at 7.59%, followed by trust banks, insurers and banks, with no operating company in the top ten. The promotion appears to have followed the internal order of seniority.
Initiatives
Over his six years, consolidated net sales peaked at ¥916.0 billion in FY ended March 2019 and fell to ¥708.2 billion in FY ended March 2022. FY ended March 2023 brought operating profit of ¥4.5 billion and a net loss of ¥33.2 billion, the only net loss of his tenure. In FY ended March 2024 results recovered to net sales of ¥886.2 billion, operating profit of ¥56.5 billion and net income of ¥43.2 billion, and he handed over to his successor. The workforce fell from 13,055 at the end of the year before he took office to 12,540.
Career
Career
Taiheiyo Cement
| Date | Position |
|---|---|
| Apr 1978 | Joined Onoda Cement |
| Apr 2012 | Executive Officer |
| Apr 2015 | Managing Executive Officer |
| Jun 2015 | Director, Managing Executive Officer |
| Apr 2017 | Director, Senior Managing Executive Officer |
| Apr 2018 | Representative Director, President |
| Apr 2024 | Chairman |
| Apr 2024 | Stepped down as President |
References 1
References (Japanese primary sources)
- 太平洋セメント 有価証券報告書 第27期（2025年3月期）【役員の状況】