Tetsuo Agata
Profile
Performance in office
Tenure
Tenure
Background
He served as Senior Managing Director of Toyota Motor in June 2008 and moved to Toyota Industries as Director and Executive Vice President in June 2011. He became an advisor to JTEKT in May 2013 and its President the following month. His time at JTEKT before that amounted to just one month as advisor; he was an outsider who had served as an executive at Toyota itself and at Toyota Industries. Toyota Motor was JTEKT's largest shareholder, holding 22.54% in the fiscal year ended March 2010.
Selection
His predecessor was Shoji Ikawa; Tetsuo Agata joined as an advisor in May 2013 and became President the following June. In the fiscal year ended March 2013, the year before he took office, consolidated net sales were ¥1,067.5 billion and operating income ¥29.2 billion, with operating income down from ¥35.7 billion the year before. JTEKT was formed in 2006 through the merger of Koyo Seiko and Toyoda Machine Works, and its largest shareholder, Toyota Motor, held 22.54%. A man who had been Senior Managing Director at Toyota and Director and Executive Vice President at Toyota Industries was sent in.
Initiatives
Over his seven years in office, consolidated net sales grew from ¥1,067.5 billion in the fiscal year ended March 2013 to ¥1,520.8 billion in FY ended March 2019, and operating income from ¥29.2 billion to ¥63.7 billion. Operating income of ¥81.9 billion in FY ended March 2016 was the highest of his seven years. In FY ended March 2020, his final year, results fell to net sales of ¥1,418.5 billion, operating income of ¥16.2 billion and a net loss of ¥6.6 billion, and in June 2020 he handed the presidency to Kazuhiro Sato.
Career
Career
Toyota Motor
| Date | Position |
|---|---|
| Jun 2008 | Senior Managing Director |
Toyota Industries
| Date | Position |
|---|---|
| Jun 2011 | Executive Vice President |
JTEKT
| Date | Position |
|---|---|
| May 2013 | Advisor |
| Jun 2013 | President |
| Jun 2020 | Stepped down as President |
References 1
References (Japanese primary sources)
- ジェイテクト 有価証券報告書【役員の状況】