Hiromichi Iwasa
Profile
Performance in office
Tenure
Tenure
Background
He joined Mitsui Fudosan in April 1967 and became a Director 28 years later, in June 1995. He became Managing Director in April 1996 and Representative Director and Senior Managing Director in June 1997, and was appointed President in June 1998. It took him three years from joining the board to become President, close to the two years of his successor Masanobu Komoda.
Selection
He became President in June 1998, succeeding Junichiro Tanaka, 31 years after joining and three years after becoming a Director. He served as President for 13 years, moving to Representative Director and Chairman in June 2011 and handing over to Masanobu Komoda. Consolidated results in the annual securities reports can be traced back only to the fiscal year ended March 2002, so no figures remain to show what was happening when he took office.
Initiatives
As far as the annual securities reports show, consolidated revenue moved from ¥1,152.4 billion with net income of ¥29.8 billion in the fiscal year ended March 2002 to revenue of ¥1,405.2 billion, operating income of ¥120.1 billion and net income of ¥49.9 billion in the fiscal year ended March 2011, his last year in office. In between, the fiscal year ended March 2008 marked the peak of his tenure with operating income of ¥179.3 billion and net income of ¥87.3 billion, and after the financial crisis operating income fell to ¥120.6 billion in the fiscal year ended March 2010.
Career
Career
Mitsui Fudosan
| Date | Position |
|---|---|
| Apr 1967 | Joined |
| Jun 1995 | Director |
| Apr 1996 | Managing Director |
| Jun 1997 | Representative Director, Senior Managing Director |
| Jun 1998 | Representative Director, President |
| Jun 2011 | Representative Director, Chairman |
| Jun 2011 | Stepped down as President |
References 1
References (Japanese primary sources)
- 三井不動産 有価証券報告書【役員の状況】