Toshio Maruyama
Profile
Performance in office
Tenure
Tenure
Background
An engineer, he joined Takeda Riken Industry in 1973. In 1982 he went to the United States to sell a semiconductor test system he was proud of, making dozens of trips of more than two hours each way to AT&T's Bell Labs until he won adoption, and sold $8 million within seven months of arriving. He became a Director in 1989, Managing Director in 1995 and Senior Managing Director in 1999, and President in June 2001.
Selection
In June 2001 Hiroshi Oura, 67, stepped back to Chairman, and Maruyama became President at 53. He was the first career-employee president since the company came under Fujitsu, and the appointment lowered the top executive's age by 14 years. Overseas sales already made up 70% of consolidated net sales in the fiscal year ended March 2001, and the strategy of earning globally without relying on the parent company passed to an engineer who had personally opened the U.S. market.
Initiatives
The IT downturn hit right after he took office: consolidated net sales fell from ¥262.2 billion in the fiscal year ended March 2001 to ¥95.2 billion in FY ended March 2002, and net income of ¥47.0 billion turned into a net loss of ¥22.9 billion. By FY ended March 2005, net sales had recovered to ¥239.4 billion and net income to ¥38.1 billion. In FY ended March 2009, his final year, the deterioration of the semiconductor market after the Lehman shock led to an operating loss of ¥49.5 billion and a net loss of ¥74.9 billion.
Career
Career
Yamagata University
| Date | Position |
|---|---|
| Mar 1973 | 大学院工学研究科 （修士課程）修了 (translation pending) |
Advantest
| Date | Position |
|---|---|
| Apr 1973 | Joined |
| Jun 1989 | Director |
| Jun 1995 | Managing Director |
| Jun 1999 | Senior Managing Director |
| Jun 2001 | Representative Director, President |
| Jun 2003 | Representative Director and Executive Officer, President |
| Jun 2005 | CEO |
| Jun 2009 | Stepped down as President |