Tomisaburo Hirai

Profile
Tenure
May 1973 – Jun 1976
Years in office
3.1 years
Name in Japanese
平井富三郎
Title at appointment
President
Performance in office
Nippon Steel
Performance in office
FY1973FY1976Change
Revenue¥1.4trillion¥2.1trillion+48%
Net margin1.4%0.7%−0.7pt
InayamaHiraiTasakaEishiro Saito
Revenue¥1.3 trillionRevenue¥3.1 trillionNet margin2%Net margin2.3%1968/31971/31976/31981/3
Revenue¥1.3 trillionRevenue¥3.1 trillionNet margin2%Net margin2.3%1968/31971/31976/31981/3
Tenure

Tenure

Background

Born in Tokyo in 1906, he graduated from the Faculty of Law of Tokyo Imperial University in 1931 and entered the Ministry of Commerce and Industry. He served as director of the Coal Agency's control bureau in 1947, deputy director-general of the Economic Counsel Agency in 1952 and Vice-Minister of International Trade and Industry in 1953, then moved to Yawata Iron & Steel in 1956 as counselor and head of administration at the Yawata Works. He became a Director that year, a Managing Director and deputy head of the Yawata Works in 1958, and a Senior Managing Director in May 1962. After handling steel policy in government, he rose as an executive running a steelworks.

Education: Tokyo Imperial University, Faculty of Law (1931)

Selection

He became Representative Director and Executive Vice President of Yawata Iron & Steel in May 1967, and continued in that role at Nippon Steel after the March 1970 merger. In May 1973, when Yoshihiro Inayama became Representative Director and Chairman, he became Representative Director and President. The 1973 officer listings also show Terutaka Tasaka, Representative Director and Executive Vice President at Fuji Iron & Steel since May 1962, as a Representative Director. The change of president in the merger's third year appears to have given the post to the Yawata side first.

Initiatives

In his first year, FY ended March 1974, net sales were ¥1,855.8 billion and ordinary profit ¥131.6 billion, double the prior year's ¥1,418.7 billion and ¥60.1 billion. Growth stalled after the oil crisis: ordinary profit fell to ¥68.0 billion in FY ended March 1975, and in his final year, FY ended March 1976, net income dropped to ¥14.5 billion on net sales of ¥2,101.1 billion. In June 1976 he handed the presidency to Terutaka Tasaka, who came from Fuji Iron & Steel.

Career

Career

Ministry of Commerce and Industry / Ministry of International Trade and Industry

Date Position
1931 Joined Ministry of Commerce and Industry
1950 Director-General, Promotion Bureau, Ministry of International Trade and Industry
1953 Vice-Minister of International Trade and Industry

Yawata Iron & Steel

Date Position
1956 Joined as Director
1967 Representative Director, Executive Vice President

Nippon Steel

Date Position
Mar 1970 Representative Director, Executive Vice President
May 1973 President
Jun 1976 Stepped down as President
References 2

References (Japanese primary sources)