Toshikuni Yahiro
Profile
Performance in office
Tenure
Tenure
Background
In 1978 he rose from Director and Executive Vice President to President. Under his predecessor Yoshizo Ikeda, the Lorestan concession of the Iran petrochemical project had not yielded enough crude, leaving only the petrochemical business, and Mitsui & Co. bore responsibility for construction. Toshikuni Yahiro appears to have come up through the chemicals division and also served as President of Iran Chemical Development, the Japanese-side operating company.
Selection
In 1978 he succeeded Yoshizo Ikeda as President. In the fiscal year ended March 1978, the year before he took office, revenue was ¥8,649.5 billion, ordinary income ¥21.3 billion and net income ¥11.0 billion, with ordinary income down from ¥23.5 billion the previous year. In the FY ended March 1979, his first year, ordinary income fell further to ¥16.1 billion. He appears to have been chosen to deal with the Iran petrochemical project.
Initiatives
On the Iran petrochemical project, he entered negotiations with the Iranian side from July 1981. In July 1983 the parties signed a supplementary agreement providing for Japanese technical cooperation with Iran bearing all the funding, but it was rejected by the Iranian parliament. The five Japanese partners' annual cost burden reached ¥17.7 billion, with ¥100 million continuing to flow out every two days. The company posted a net loss of ¥15.1 billion in the fiscal year ended March 1982 and recovered to ordinary income of ¥62.2 billion in the FY ended March 1983.
Career
Career
Mitsui &
| Date | Position |
|---|---|
| 1978 | President |
| 1984 | Stepped down as President |