Mamoru Adachi
Profile
Performance in office
Tenure
Tenure
Background
Born in Hyogo in 1912, he graduated from Tokyo Imperial University in March 1937 and joined Kawasaki Kisen in April of that year. He became a Director in May 1958 and a Managing Director in May 1961. In February 1964 he stepped down as Managing Director to become President of Iino Kaiun, while also serving as a Corporate Auditor of Kawasaki Kisen from November that year and as a Director from November 1966. In May 1968 he left the Iino Kaiun presidency and returned to Kawasaki Kisen as Senior Managing Director, becoming Executive Vice President in November 1969.
Selection
In May 1970 he succeeded Genzo Hattori as President, with Hattori moving to Chairman that same month. His appointment came just after a run of investments: the company's first full container ship in October 1968 and car/bulk combination carriers and dedicated carriers in November of that year. In 1964, when Kawasaki Kisen absorbed Iino Kisen, Adachi had been sent out to head Iino Kaiun. His path appears to have been one of being entrusted with a partner tied to the company through the shipping industry consolidation, then returning to rise to Executive Vice President and President.
Initiatives
Two months after he took office, in July 1970, Japan's first dedicated car carrier was completed. In June 1972 the company opened its first self-operated overseas container terminal at the Port of Long Beach, and in September 1974 it put the LPG carrier Sanriver into service, broadening its range of vessel types. Revenue doubled from ¥117.7 billion in the fiscal year ended March 1971 to ¥234.3 billion in the FY ended March 1975. However, amid the shipping slump that followed the oil crisis, the company posted an ordinary loss of ¥8.9 billion in the FY ended March 1976, just before he stepped down.
Career
Career
Kawasaki Kisen (K Line)
| Date | Position |
|---|---|
| 1969 | Representative Director, President |
| 1975 | Stepped down as President |