Masahiro Okitsu
Profile
Performance in office
Tenure
Tenure
Background
He joined Sharp in April 1980. He became Executive Officer in April 2013, Director and Managing Executive Officer in June 2016 and Senior Managing Executive Officer in November 2019. In June 2022 he became Representative Director and Executive Vice President. After 44 years with the company, never once leaving it, he became President, Executive Officer and CEO in June 2024.
Selection
In June 2024 he succeeded Wu Po-hsun as President, Executive Officer and CEO. Wu's two years had produced net losses of ¥260.8 billion in the fiscal year ended March 2023 and ¥149.9 billion in the FY ended March 2024, and in the year before Okitsu took office consolidated net sales were ¥2,321.9 billion with an operating loss of ¥20.3 billion. Okitsu had served under Wu as Representative Director and Executive Vice President since June 2022. The appointment appears to have handed the company to a career executive after two straight years of losses.
Initiatives
In the fiscal year ended March 2025, his first year, consolidated net sales were ¥2,160.1 billion, operating income ¥27.3 billion and net income ¥36.0 billion, a return to profit after two years of losses. In the FY ended March 2026 net sales fell to ¥1,892.8 billion, while operating income rose to ¥48.6 billion and net income to ¥47.4 billion. Together with his predecessor Wu Po-hsun he decided on the withdrawal from large LCD panels, setting about halting production at Sakai Display Products and winding up the Kameyama plant. On taking office he made a return to profit in fiscal 2024 the minimum goal and set a target of a 7% operating margin for fiscal 2027.
Career
Career
Sharp
| Date | Position |
|---|---|
| Apr 1980 | Joined |
| Apr 2013 | Executive Officer |
| Jun 2016 | Director, Managing Executive Officer |
| Nov 2019 | Senior Managing Executive Officer |
| Jun 2022 | Representative Director, Executive Vice President, Executive Officer |
| Jun 2024 | Representative Director, President, Executive Officer, CEO |
| Apr 2026 | Representative Director, Vice Chairman |
| Apr 2026 | Stepped down as President |
References 1
References (Japanese primary sources)
- シャープ 有価証券報告書【役員の状況】