Shinzo Fujii
Profile
Performance in office
Tenure
Tenure
Background
He joined the Nagasaki Shipyard of Mitsubishi Goshi Kaisha in 1918. After Mitsubishi Heavy Industries was split into three companies in the zaibatsu breakup, he became President of Central Japan Heavy Industries in January 1950, and continued as President of its successor, Shin Mitsubishi Heavy Industries, from March 1962. Just before the merger, the three companies' net sales were ¥166.8 billion for Shin Mitsubishi Heavy Industries, ¥83.1 billion for Mitsubishi Shipbuilding and ¥69.5 billion for Mitsubishi Nippon Heavy Industries, and Fujii led the largest of them.
Selection
At the end of 1962 Fujii gave instructions to sound out how the Fair Trade Commission would respond to a three-way merger. The inquiry produced neither approval nor rejection, and the decision was made to file the application regardless. On July 27, 1963 the boards of the three companies resolved to begin joint study, the merger agreement was signed on October 28, and it was approved at the shareholders' meeting on November 27. Fujii, who led Shin Mitsubishi Heavy Industries, the largest of the three, became the first President.
Initiatives
In June 1964 Shin Mitsubishi Heavy Industries, Mitsubishi Nippon Heavy Industries and Mitsubishi Shipbuilding merged to launch Mitsubishi Heavy Industries, reuniting the company 14 years after the 1950 three-way split. The three companies' combined net sales just before the merger were about ¥319.4 billion. Fujii explained the purpose of the merger at the shareholders' meeting. He served as President for about a year, stepping back to Chairman in May 1965 and handing over to Fumihiko Kono.
Career
Career
Mitsubishi Heavy Industries
| Date | Position |
|---|---|
| 1918 | Joined Mitsubishi Nagasaki Shipyard |
| Jan 1950 | 中日本重工業 取締役社長 (translation pending) |
| Mar 1962 | President, Shin Mitsubishi Heavy Industries |
| Jun 1964 | President |
| May 1965 | Chairman |
| May 1965 | Stepped down as President |