Toshio Tokura
Profile
Performance in office
Tenure
Tenure
Background
He joined the sales company Citizen Shoji in April 1973 and became one of its Directors in June 2002. In October 2004 he moved to Citizen Watch as an Executive Officer, becoming Managing Director in April 2007 and Senior Managing Director in April 2009. He spent 31 and a half years of his career at the sales company, and seven and a half years passed between his move to the parent company and becoming President.
Selection
In April 2012 he succeeded Mitsuyuki Kanamori as President, promoted after three years as Senior Managing Director. In the fiscal year ended March 2012, the year before he took office, net sales were ¥279.7 billion, down from ¥284.9 billion the previous year. In the FY ended March 2013, his first year, the company posted a net loss of ¥8.8 billion against operating income of ¥11.5 billion, so the change came just before results deteriorated.
Initiatives
Over his seven years in office, net sales rose from ¥279.7 billion to ¥321.6 billion and operating income from ¥16.5 billion to ¥22.4 billion. The peak during his tenure was the fiscal year ended March 2016, with net sales of ¥348.2 billion and operating income of ¥30.5 billion, falling to ¥312.5 billion and ¥21.5 billion in the FY ended March 2017. Consolidated employees fell by 3,923, from 18,832 in the year before he took office to 14,909 in his last year.
Career
Career
Shichizun Shoji
| Date | Position |
|---|---|
| Apr 1973 | Joined |
| Jun 2002 | Director |
Citizen Watch
| Date | Position |
|---|---|
| Oct 2004 | Executive Officer |
| Apr 2007 | Managing Director |
| Apr 2009 | Senior Managing Director |
| Apr 2012 | Representative Director, President |
| Apr 2019 | Chairman |
| Apr 2019 | Stepped down as President |
References 1
References (Japanese primary sources)
- シチズン時計 有価証券報告書【役員の状況】