Yozo Shimano
Profile
Performance in office
Tenure
Tenure
Background
He joined Shimano in March 1974, became a Director in February 1986 and Representative Director and Senior Managing Director in January 1995. He became President in March 2001, 27 years after joining, and moved to Representative Director, Chairman and CEO in March 2021. He also held shares personally, ranking eighth among major shareholders with 2.76% in the fiscal year ended December 2009. Second that year was Minato Kosan with 7.80%.
Selection
In March 2001 he succeeded Keizo Shimano as Representative Director and President. The change came 15 years after he joined the board in February 1986 and six years after he became Representative Director and Senior Managing Director in January 1995. In the fiscal year ended December 2001, his first year, consolidated net sales were ¥125.5 billion and ordinary income ¥12.7 billion. The six years from gaining representative authority to becoming President were longer than the two years his successor Taizo Shimano took to go from Senior Managing Director to President.
Initiatives
Consolidated net sales tripled from ¥125.5 billion in the fiscal year ended December 2001, his first year, to ¥378.6 billion in the FY ended December 2015. Operating income that year was ¥85.1 billion and net income ¥76.2 billion, with the operating margin reaching 22.5%. In the shareholder structure, State Street Bank and Trust Company, which held 12.87% in the FY ended December 2005, increased its stake to 15.05% by the FY ended December 2009, keeping its position as the largest shareholder.
Career
Career
Shimano
| Date | Position |
|---|---|
| Mar 1974 | Joined |
| Feb 1986 | Director |
| Jan 1995 | Representative Director, Senior Managing Director |
| Mar 2001 | Representative Director, President |
| Mar 2021 | Representative Director, Chairman and CEO |
| Mar 2021 | Stepped down as President |
References 1
References (Japanese primary sources)
- シマノ 有価証券報告書【役員の状況】