Yohei Mimura
Profile
Performance in office
Tenure
Tenure
Background
He joined the old Mitsubishi Corporation in 1940, rose through deputy general manager of the Osaka branch and Managing Director to Director and Executive Vice President, and became President in 1979. The old Mitsubishi Corporation he joined that year was dissolved on November 30, 1947, and its roughly 4,100 employees, apart from those who stayed for liquidation work, scattered to more than 120 new companies. Yohei Mimura belonged to the generation that went through the dissolution and reunification as employees.
Selection
In 1979 he succeeded Bunichiro Tanabe as President. In the fiscal year ended March 1979, the year before he took office, non-consolidated revenue was ¥8,836.6 billion and ordinary income ¥38.2 billion. The company's results were supported by dividends from Brunei LNG, which reached $100 million a year for several years running. The change came amid a succession of resource projects, Malaysia LNG in 1978 and the North West Shelf in Australia in 1979.
Initiatives
From the mid-1970s the chemicals division had wanted a manufacturing and technology base in the United States. On Brunei LNG, the Brunei government demanded successive share transfers, raising concerns that the company's interest would shrink. In 1985 the company drew up the long-term management plan "K-Plan." Cumulative dividends from the same interest reached ¥350 billion by 1987.
Career
Career
Mitsubishi Corporation
| Date | Position |
|---|---|
| 1979 | President |
| 1986 | Stepped down as President |