Naoyuki Akikusa
Profile
Performance in office
Tenure
Tenure
Background
Coming from the software side, he took over the presidency from Tadashi Sekizawa in 1998. On taking office he named improving earnings and reducing debt as his immediate tasks. He had no shareholding behind him; as of March 2006 the top shareholders were corporations, The Master Trust Bank of Japan with 9.11%, Japan Trustee Services Bank with 5.27% and Fuji Electric Holdings with 4.57%, with the Fujitsu employee shareholding association tenth at 1.05%.
Selection
In June 1998 he succeeded Tadashi Sekizawa as Representative Director and President. The change was reported in April that year as the widely expected appointment of a man from the software side. In the fiscal year ended March 1998, the year before he took office, consolidated net sales were ¥4,985.4 billion and ordinary income ¥115.1 billion, but net income had fallen to ¥5.6 billion. The acquisition of Amdahl of the US the previous September had pushed interest-bearing debt above ¥1.8 trillion, and the company also bore the burden of amortizing about ¥50.0 billion of goodwill over ten years.
Initiatives
In April 1999 he acquired Nifty for ¥26.0 billion, and in October that year established Fujitsu Siemens Computers as a joint venture with Siemens. Under the restructuring plan of August 20, 2001, about half of the ¥300.0 billion in special restructuring losses, ¥145.0 billion, went to the semiconductor division, and three of 11 front-end lines in Japan were scaled back. Headcount was cut by 16,400, 11,400 overseas and 5,000 in Japan, and 4,700 people were redeployed. In April 2002 the server and storage business was split off to establish Fujitsu IT Products.
Career
Career
Fujitsu
| Date | Position |
|---|---|
| 1961 | Joined |
| 1988 | Director |
| 1991 | Managing Officer |
| 1992 | Senior Managing Officer |
| Jun 1998 | Representative Director, President |
| Jun 2003 | Representative Director, Chairman |
| Jun 2003 | Stepped down as President |