Koichiro Ejiri
Profile
Performance in office
Tenure
Tenure
Background
In 1984 he rose from Director and Executive Vice President to President. Starting with its participation in Australia's Moura coal mine in January 1963, Mitsui & Co. had built up raw material interests in Australia, including the Robe River iron ore mine in February 1965 and a long-term iron ore contract for Mount Newman in October 1966. Koichiro Ejiri appears to have served as President of Mitsui & Co. (Australia), and he moved from the overseas subsidiary that built those interests to head the parent company.
Selection
In 1984 he succeeded Toshikuni Yahiro as President. In the fiscal year ended March 1984, the year before he took office, revenue was ¥13,960.4 billion, ordinary income ¥33.9 billion and net income ¥6.2 billion, with ordinary income halved from ¥62.2 billion the previous year. He took over a company still recovering from the ¥15.1 billion net loss of the FY ended March 1982. The Iran petrochemical project remained without a path to resolution after a supplementary agreement of July 1983 was rejected by the Iranian parliament.
Initiatives
In the fiscal year ended March 1985, revenue was ¥14,900.1 billion and ordinary income ¥39.9 billion, while net income of ¥5.2 billion fell below the ¥6.2 billion of the year before he took office. The burden that persisted was the Iran petrochemical project, whose costs to the five Japanese partners came to ¥17.7 billion a year, or ¥100 million flowing out every two days. Confronted with the argument that trading companies were no longer needed, which rejected earning commissions on trades, each company redirected investment into businesses it found itself. But much of the money poured into real estate, services, and information and communications during the bubble era did not pay off.
Career
Career
Mitsui &
| Date | Position |
|---|---|
| 1984 | President |
| 1989 | Stepped down as President |