Osamu Masuko
Profile
Performance in office
Tenure
Tenure
Background
He joined Mitsubishi Corporation in April 1972 and became Executive Officer and General Manager of its Motor Vehicle Business Unit in April 2003. In June 2004 he moved to Mitsubishi Motors as Managing Director and became President half a year later, in January 2005. He was an outsider sent in from the trading house's automotive business. In the fiscal year ended March 2006, the top three shareholders were Mitsubishi Heavy Industries at 15.30%, Mitsubishi Corporation at 14.11% and the Bank of Tokyo-Mitsubishi UFJ at 4.89%, all from the Mitsubishi group.
Selection
He became President in January 2005. In the fiscal year ended March 2004, the year before he took office, the company posted a net loss of ¥215.4 billion on consolidated net sales of ¥2,519.4 billion, and in the FY ended March 2005, his first year, losses widened with net sales of ¥2,122.6 billion, an operating loss of ¥128.5 billion and a net loss of ¥474.7 billion. Employees also fell by 6,654 over those two years, from 43,624 to 36,970. In effect, Mitsubishi Heavy Industries and Mitsubishi Corporation, which together held 29.41% of the shares as of the FY ended March 2006, sent in the head of the trading house's automotive unit.
Initiatives
After posting a net loss of ¥474.7 billion in the fiscal year ended March 2005, his first year, he brought net income back into the black at ¥8.7 billion in the FY ended March 2007 and ¥34.7 billion in the FY ended March 2008. By the FY ended March 2014 the company had recovered to consolidated net sales of ¥2,093.4 billion and net income of ¥104.6 billion, and in June that year he became Chairman and CEO. He returned as President in December 2016, a return that appears to have followed the discovery of fuel economy data fraud. In the FY ended March 2017, his first year back, the net loss was ¥198.5 billion; in the following FY ended March 2018, net income was ¥107.6 billion.
Career
Career
Mitsubishi Corporation
| Date | Position |
|---|---|
| Apr 1972 | Joined |
| Apr 2003 | Executive Officer, General Manager, Automotive Business Headquarters |
Mitsubishi Motors
| Date | Position |
|---|---|
| Jun 2004 | Managing Director |
| Jan 2005 | President |
| Jun 2014 | Chairman and CEO |
| Jun 2014 | Stepped down as President |
| Jun 2016 | Chairman and President, CEO |
| Dec 2016 | President, CEO |
| Nov 2018 | Chairman and CEO |
| Jun 2019 | Chairman and Representative Corporate Executive Officer |
| Jun 2019 | Stepped down as President |
References 2
References (Japanese primary sources)
- 三菱自動車工業 有価証券報告書【役員の状況】
- 三菱自動車 適時開示「代表取締役の異動に関するお知らせ」（2016年5月25日・2016年10月20日）