Koji Suzuki
Profile
Performance in office
Tenure
Tenure
Background
He joined Takashimaya in March 1968 and in May 1995 rose to the board from the corporate planning track as Director and head of the Corporate Planning Office at headquarters. He advanced to Managing Director in May 1997, Representative Director and Senior Managing Director in March 1999 and Representative Director and Executive Vice President in March 2001, and became President in March 2003, 35 years after joining. The year after, in May 2004, he also became Representative Director and Chairman of Toshin Development, which develops commercial facilities.
Selection
In March 2003 he was promoted from Representative Director and Executive Vice President to President. Two years earlier, in the fiscal year ended February 2002, the company had posted a consolidated net loss of ¥57.5 billion, and in the FY ended February 2003, the year before he took office, earnings remained thin, with ordinary profit of ¥17.2 billion on consolidated net sales of ¥1,184.2 billion. The promotion came eight years after he joined the board and four years after he became a Representative Director. It appears to have been a handover, right after a large net loss, to an Executive Vice President who had come up through corporate planning.
Initiatives
Over his ten years in office, consolidated net sales shrank from ¥1,184.2 billion in the fiscal year ended February 2003 to ¥815.3 billion in the FY ended February 2013, while ordinary profit rose from ¥17.2 billion to ¥29.9 billion. Operating profit of ¥32.8 billion in the FY ended February 2006 fell to ¥13.4 billion in the FY ended February 2010 after the Lehman shock, and recovered to ¥25.5 billion in the FY ended February 2013. The shareholder base also shifted: H2O Retailing, absent from the top ten in the FY ended February 2006, appeared as the largest shareholder with 10.0% in the FY ended February 2010. He became Representative Director and Chairman in February 2014.
Career
Career
Takashimaya
| Date | Position |
|---|---|
| Mar 1968 | Joined |
| May 1995 | Director, General Manager, Head Office Corporate Planning Office |
| May 1997 | Managing Director |
| Mar 1999 | Representative Director, Senior Managing Director |
| Mar 2001 | Representative Director, Executive Vice President |
| Mar 2003 | Representative Director, President |
| Feb 2014 | Stepped down as President |
| Feb 2014 | Representative Director, Chairman |
東神開発 (translation pending)
| Date | Position |
|---|---|
| May 2004 | Representative Director, Chairman |
References 1
References (Japanese primary sources)
- 高島屋 有価証券報告書【役員の状況】