Eiichi Ohara
Profile
Performance in office
Tenure
Tenure
Background
He graduated from Tokyo Imperial University's Faculty of Economics in 1936 and joined the Industrial Bank of Japan, becoming an examiner attached to the business department in 1958 and being dispatched to Nissan Chemical Industries as Managing Director in January 1959. He returned to IBJ in August 1961 as General Manager of the Securities Department, served as Director from November that year and Managing Director from November 1962, and in May 1963 moved to Fuji Heavy Industries as Representative Director and Executive Vice President. A finance man, he spent 27 years from joining the bank at the bank and the companies it sent him to.
Selection
In May 1970, Nobuo Yokota moved to Chairman and Eiichi Ohara became Representative Director and President. The promotion came after seven years as Executive Vice President since he arrived from outside together with Yokota in May 1963. His former bank, the Industrial Bank of Japan, was still the largest shareholder with 9.22% as of March 1970, and that year's officers included IBJ alumni such as Sukee Irie and Yoshishige Suzuki as Managing Director and Director.
Initiatives
As the business alliance with Nissan Motor concluded in October 1968 continued, Nissan's stake rose from 3.08% in March 1970 to 8.24% in March 1975, making it the second-largest shareholder. Net sales grew from ¥116.8 billion in the fiscal year ended March 1971 to ¥307.9 billion in the FY ended March 1978, and ordinary income from ¥2.9 billion to ¥9.5 billion. However, net sales fell to ¥110.3 billion in the FY ended March 1972, and ordinary income dropped to ¥1.4 billion in the FY ended March 1975.
Career
Career
SUBARU
| Date | Position |
|---|---|
| 1970 | Representative Director, President |
| 1978 | Stepped down as President |