Mitsuo Uemura
Profile
Performance in office
Tenure
Tenure
Background
When Nihon Kensetsu Sangyo was launched, the only officer with trading experience was Shunya Toji, former manager of Sumitomo's Shanghai trading office. Later Presidents came from within the company, and Mitsuo Uemura also rose from Director and Executive Vice President to President. When he took office, Sumitomo Corporation's products leaned toward steel and nonferrous metals because it served as the sales arm of group companies such as Sumitomo Metal Industries and Sumitomo Metal Mining, and it was known in the industry as a "metals trading house."
Selection
In June 1977 he succeeded Yukio Shibayama as the fifth President. In the fiscal year ended March 1976, revenue was ¥5,509.5 billion, ordinary income ¥17.9 billion and net income ¥7.3 billion. The major shareholders in the FY ended March 1975 were Sumitomo Bank with 8.37%, Sumitomo Chemical with 5.79%, Sumitomo Life Insurance with 4.85% and Sumitomo Metal Industries with 4.42%, with Sumitomo-affiliated companies occupying the top positions.
Initiatives
The commodity divisions were consolidated into four sales groups, steel, machinery and electrical, nonferrous metals, chemicals and fuels, and consumer goods, with the introduction of the sales group system in June 1979. In the fiscal year ended March 1981 revenue rose 27.0%, narrowing the gap with fourth-ranked Marubeni, and the company ranked first in the industry with an ordinary income margin of 0.38%, but the policy he set out in the same year of 1981 was not to chase high-profile large projects and not to take part in projects taking more than ten years to complete. According to the company history, this policy was broken when the company joined the Ambatovy project in Madagascar in 2005, at which point the line was crossed.
Career
Career
Sumitomo Corporation
| Date | Position |
|---|---|
| Jun 1977 | President |
| 1982 | Stepped down as President |