Masao Yoshida
Profile
Performance in office
Tenure
Tenure
Background
He joined Furukawa Electric in April 1972, became accounting manager in September 2001 and Director and accounting manager in June 2002. In June 2003, as Managing Executive Officer, he was both accounting manager and head of the corporate planning office, then became CFO and head of corporate planning in April 2004. He became CMO and head of the export control office in June 2005, and from that November also headed the Kansai and Chugoku branches. In June 2006, as Senior Managing Director and Senior Managing Executive Officer, he led the Energy and Industrial Products Company, having worked on both the finance and sales sides.
Selection
In June 2008 he succeeded Hiroshi Ishihara as Representative Director, President and COO. Ishihara had joined Furukawa Electric as an adviser in January 1999 from a Managing Director post at Nippon Telegraph and Telephone and had been President since June 2003. Ishihara simultaneously became Representative Director, Chairman and CEO, so the CEO title stayed with the chairman. COO was dropped from Yoshida's title in June 2009. In his first year, FY ended March 2009, net sales were ¥1,032.8 billion, with an ordinary loss of ¥14.8 billion and a net loss of ¥37.4 billion.
Initiatives
In March 2012 the company took up a third-party allotment of shares in Tokyo Special Electric Wire (now TOTOKU), making it a consolidated subsidiary. Results recovered from the year after he took office: FY ended March 2010 brought net sales of ¥809.6 billion and net income of ¥9.7 billion, and FY ended March 2011 operating profit of ¥35.1 billion. In his final year, FY ended March 2012, net sales were ¥918.8 billion and operating profit ¥15.9 billion, with a net loss of ¥11.1 billion. Consolidated employees grew from 37,669 in FY ended March 2008 to 45,425 in FY ended March 2012.
Career
Career
Furukawa Electric
| Date | Position |
|---|---|
| Apr 1972 | Joined |
| Jun 2002 | Director |
| Jun 2003 | Managing Executive Officer |
| Jun 2004 | Managing Director and Managing Executive Officer |
| Jun 2006 | Senior Managing Director and Executive Officer, Senior Managing Officer |
| Jun 2008 | Representative Director, President and COO |
| Jun 2009 | Representative Director, President |
| Apr 2012 | Stepped down as President |
References 1
References (Japanese primary sources)
- 古河電気工業 有価証券報告書【役員の状況】