Toshimasa Iue
Profile
Performance in office
Tenure
Tenure
Background
He joined Sanyo Electric in 1989, served as a director of Tottori Sanyo Electric from 1992 and its Managing Director in 1995. In 1996 he became head of Sanyo Electric's Soft Energy Business Headquarters and a Director in June that year, then Managing Director in 1998. In 2002 he became Director, Executive Vice President and CMO, and from 2003 also served as CEO of various company groups such as components and consumer. From April 2005 he also headed the Home Electronics Group, and at the end of March 2006 he held 2,003,000 shares.
Selection
In June 2005 he rose from Director, Executive Vice President and CMO to Director, President and COO. The same month Director Tomoyo Nonaka became Chairman and CEO, so the Chairman served as CEO and the President as COO. In the fiscal year ended March 2005, the year before he took office, the company posted a net loss of ¥171.5 billion on consolidated net sales of ¥2,484.6 billion. With the title changes of February 2006, the CEO and COO designations were dropped from both their titles.
Initiatives
On March 14, 2006, Sanyo Electric carried out a third-party allotment of convertible preferred shares totaling ¥300.0 billion. The allottees were Daiwa Securities SMBC Principal Investments, Oceans Holdings and Sumitomo Mitsui Banking Corporation. The capital increase brought equity to ¥402.9 billion and the equity ratio to 18.7%. In the fiscal year ended March 2006 the company posted a consolidated operating loss of ¥17.2 billion and a net loss of ¥205.6 billion, and in the FY ended March 2007, his final year, returned to operating income of ¥49.6 billion.
Career
Career
Sanyo Electric
| Date | Position |
|---|---|
| Apr 1989 | Joined |
| Apr 1996 | General Manager, Soft Energy Business Headquarters |
| Jun 1996 | Director |
| Jun 1998 | Managing Director |
| Jun 1999 | Director |
| Jun 2002 | Director, Executive Vice President and CMO |
| Apr 2003 | Director, Executive Vice President, CMO, Corporate, Group CEO and Corporate, Group CEO, Konponento, Komasharu |
| Apr 2004 | Director, Executive Vice President, CMO, Group Head of Marketing, Corporate, Group CEO, Corporate, Group CEO, Corporate, Group CEO and Corporate, Group CEO, Konshuma, Komasharu, International, Konponento |
| Apr 2005 | Director, Executive Vice President, CMO, Group Manager, Chairman, Chairman, D&D Management Meeting, Chairman, E&E Management Meeting and General Manager, Home Electronics Group |
| Jun 2005 | President, COO, Group Manager, Chairman, Chairman, D&D Management Meeting, Chairman, E&E Management Meeting and General Manager, Home Electronics Group |
| Aug 2005 | President, COO, General Manager, Corporate Strategy Group and Business, Chief Operating Officer, Chairman |
| Feb 2006 | President, General Manager, Corporate Strategy Group and Business, Chief Operating Officer, Chairman |
| Apr 2006 | President and Business, Chief Operating Officer, Chairman |
| Jun 2007 | Stepped down as President |
Tottori Sanyo Electric
| Date | Position |
|---|---|
| Feb 1992 | Director |
| Feb 1995 | Managing Director |
References 1
References (Japanese primary sources)
- 三洋電機 有価証券報告書【役員の状況】