Hiroshi Rinno
Profile
Performance in office
Tenure
Tenure
Background
He joined Seibu Department Stores in April 1965 and moved to Credit Saison in March 1982. Rather than climbing step by step inside the company, he became a Director in April 1983, one year and one month after transferring, then Managing Director in April 1985 and Senior Managing Director in June 1995. His former employer Seibu Department Stores still appeared as a major shareholder with 6.42% in the fiscal year ended March 2006.
Selection
In June 2000 he rose from Senior Managing Director to Representative Director and President, 18 years after joining in 1982 and 17 years after becoming a Director. In the fiscal year ended March 2002, his second year, consolidated net sales were ¥214.8 billion, ordinary profit ¥59.7 billion and net income ¥18.2 billion. The following FY ended March 2003 the company posted a net loss of ¥6.0 billion.
Initiatives
Consolidated net sales grew from ¥214.8 billion in the fiscal year ended March 2002 to ¥345.5 billion in the FY ended March 2008, but the company posted a net loss of ¥55.5 billion in the FY ended March 2009. It then recovered to net income of ¥32.7 billion in the FY ended March 2013, and net sales of ¥304.8 billion and net income of ¥34.0 billion in the FY ended March 2019. In the FY ended March 2006 the major shareholders were State Street Bank and Trust Company with 9.22% and Mizuho Corporate Bank with 2.59%, a capital structure outside any single bank's group.
Career
Career
Seibu Department Stores
| Date | Position |
|---|---|
| Apr 1965 | Joined |
Credit Saison
| Date | Position |
|---|---|
| Mar 1982 | Joined |
| Apr 1983 | Director |
| Apr 1985 | Managing Director |
| Jun 1995 | Senior Managing Director |
| Jun 2000 | Representative Director, President |
| Mar 2019 | Representative Director, Chairman, CEO |
| Mar 2019 | Stepped down as President |
References 1
References (Japanese primary sources)
- クレディセゾン 有価証券報告書【役員の状況】