Hideo Edo

Profile
Tenure
1955 – May 1974
Years in office
19.3 years
Name in Japanese
江戸英雄
Title at appointment
President
Performance in office
Mitsui Fudosan
Performance in office
FY1955FY1974Change
Revenue¥932million¥91.2billion+9681%
Net margin—4.5%—
YamaoEdoTsuboi
Revenue¥1.9 billionRevenue¥31.1 billionRevenue¥130.3 billionNet margin6.4%Net margin3.3%1952/31954/31959/31964/31969/31974/31979/3
Revenue¥1.9 billionRevenue¥31.1 billionRevenue¥130.3 billionNet margin6.4%Net margin3.3%1952/31954/31959/31964/31969/31974/31979/3
Tenure

Tenure

Background

He graduated from the Faculty of Law at Tokyo Imperial University in 1927 and joined Mitsui Gomei Kaisha. In October 1947 he left Mitsui Honsha for Mitsui Fudosan, becoming a Director two years later in May 1949 and Managing Director in June 1952. During the postwar dissolution of the zaibatsu he worked to preserve the Mitsui name. Having handled family assets at the heart of Mitsui, he moved to a company that did little more than manage buildings around Nihonbashi Muromachi, and learned the real estate business from there.

Education: Tokyo Imperial University, Faculty of Law (now University of Tokyo) (1927)

Selection

He became Representative Director and President in November 1955, eight years after joining Mitsui Fudosan and six years after becoming a Director. The Chairman was Osamu Mitarai, a Mitsui Bank alumnus, who took a seat on Mitsui Bank's board in December 1958 and stepped down in November 1959. The absorption of Mitsui Honsha was due in October 1956. The lineup appears to have entrusted execution to a man who had watched everything from Mitsui Gomei to the dissolution of the head company from the inside, with the bank's side alongside him as Chairman.

Initiatives

In 1957 he began reclaiming the sea off Ichihara in Chiba Prefecture, launching a land development business that created land rather than buying it. The method spread to central Chiba, Tsurusaki in Oita and Mizushima in Okayama. The company entered housing and residential land development in August 1961, and in April 1968 completed the Kasumigaseki Building, Japan's first skyscraper, bringing to the industry the idea of earning from the amount of floor space that could be stacked on a single site. He turned a company that merely managed buildings into a developer on a par with Mitsubishi Estate.

Career

Career

Mitsui Fudosan

Date Position
1955 President
May 1974 Stepped down as President
References 2

References (Japanese primary sources)