Hitoshi Nagasawa
Profile
Performance in office
Tenure
Tenure
Background
He joined NYK Line in April 1980 and built his entire career at the company. He became Director and Managing Corporate Officer in June 2011, 31 years after joining. He became Representative Director and Senior Managing Corporate Officer in April 2013 and Representative Director and Executive Vice President Corporate Officer in April 2018, and just before becoming President he was Executive Vice President Corporate Officer.
Selection
In June 2019 he became Representative Director and President, succeeding Tadaaki Naito. In the fiscal year ended March 2019, the year before he took office, the company posted a net loss of ¥44.5 billion on consolidated revenue of ¥1,829.3 billion, swinging into the red from net income of ¥20.1 billion the year before. He was promoted after six years as a Representative Director from April 2013.
Initiatives
Over his four years the level of consolidated results was transformed. In his first year, the fiscal year ended March 2020, revenue was ¥1,668.3 billion and net income ¥31.1 billion, but in the fiscal year ended March 2022 revenue was ¥2,280.7 billion and net income ¥1,009.1 billion, and in the fiscal year ended March 2023 revenue was ¥2,616.0 billion and net income ¥1,012.5 billion, two straight years of net income over ¥1 trillion. Operating income in the fiscal year ended March 2023, however, was ¥296.4 billion, and the gap with ordinary profit of ¥1,109.8 billion came from non-operating items.
Career
Career
Nippon Yusen (NYK Line)
| Date | Position |
|---|---|
| Apr 1980 | Joined |
| Jun 2011 | Director and Managing Officer, Management Committee Member |
| Apr 2013 | Representative Director and Senior Managing Officer, Management Committee Member |
| Apr 2018 | Representative Director and Executive Vice President, Management Committee Member |
| Jun 2019 | Representative Director, President |
| Apr 2023 | Chairman |
| Apr 2023 | Stepped down as President |
References 1
References (Japanese primary sources)
- 日本郵船 有価証券報告書【役員の状況】