Masao Kanamori
Profile
Performance in office
Tenure
Tenure
Background
He joined Mitsubishi Heavy Industries in 1935 and became head of the Technology Headquarters in 1971. He came up through engineering and became President in June 1977.
Selection
In June 1977 he succeeded Gakuji Moriya as President. In the fiscal year ended March 1977, the year before, ordinary income was just ¥20.6 billion on net sales of ¥1,217.9 billion, an ordinary margin of only 1.7%. Kanamori, who had come up through engineering, appears to have inherited a situation in which sales were growing but profits remained thin.
Initiatives
In November 1978 Mitsubishi Heavy Industries presented the labor union with a rationalization plan to cut 10,000 jobs over two years. Orders had dwindled in the shipbuilding slump, and that same month Ishikawajima-Harima Heavy Industries also decided to close three plants. For the fiscal year ended March 1980, net sales were ¥1,349.2 billion, with ordinary income of only ¥22.5 billion and net income of ¥11.6 billion. He handed over to Soichiro Suenaga in June 1981.
Career
Career
Mitsubishi Heavy Industries
| Date | Position |
|---|---|
| 1935 | Joined |
| 1971 | General Manager, Engineering Headquarters |
| Jun 1977 | President |
| 1981 | Chairman |
| Jun 1981 | Stepped down as President |