Hidenori Futagi
Profile
Performance in office
Tenure
Tenure
Background
He joined Futagi in Hyogo Prefecture in April 1960 and became a Director of JUSCO through the March 1970 merger. He advanced to Representative Director and Executive Vice President in May 1983. In the shareholder register for the fiscal year ended February 1974 he held 5.6%, second only to Takuya Okada's 29.6%, and together with Kazuichi Futagi's 2.6% and Katsumi Futagi's 1.9%, the Futagi family ranked near the top. He was a President drawn from the founding family of one of the companies that joined the merger.
Selection
In May 1984 Takuya Okada, President for 14 years, stepped back to Representative Director and Chairman, and Representative Director and Executive Vice President Hidenori Futagi succeeded him. In the fiscal year ended February 1984, non-consolidated net sales were ¥695.1 billion and ordinary profit ¥17.7 billion, having grown steadily from ¥10.8 billion in the FY ended February 1970 just after the merger. He was the first President from outside the Okada family.
Initiatives
In June 1985 the company opened its first overseas store, the Jaya Jusco Stores Dayabumi store, in Malaysia, and in June 1988 it acquired Talbots, a US women's apparel chain, through a subsidiary. In September 1989 it named the group the AEON Group. In July 1993 Ministop listed on the Second Section of the Tokyo Stock Exchange, in November that year Talbots listed on the New York Stock Exchange, and in December 1994 AEON Credit Service registered its shares over the counter.
Career
Career
Futagi
| Date | Position |
|---|---|
| Apr 1960 | Joined |
Aeon
| Date | Position |
|---|---|
| Mar 1970 | Director, Jasuko |
| May 1983 | Representative Director, Executive Vice President |
| May 1984 | Representative Director, President |
| May 1996 | Director, Vice Chairman |
| May 1996 | Stepped down as President |