Yosaku Fuji
Profile
Performance in office
Tenure
Tenure
Background
He joined Kansai Electric Power in 1960 and, after posts including a secondment to the International Bank for Reconstruction and Development, became Executive Vice President in June 1999. Kansai Electric's executive ranks were filled almost entirely by internal promotion: apart from Mitsuhiro Iwata, who came in via an advisory post after serving as Director-General of the Small and Medium Enterprise Agency, the President, Executive Vice Presidents and Managing Directors listed in the annual securities report for the fiscal year ended March 2006 had all joined between 1963 and 1972. In a company that filled its executive posts without bringing in outsiders, Fuji was one of those who rose from within.
Selection
In June 2001 he succeeded Hiroshi Ishikawa, moving from Executive Vice President to President. Kansai Electric had a run of promotions from Executive Vice President; his successor Shosuke Mori, too, joined in 1963, became Executive Vice President in June 2001 and President in June 2005. In his first year, the fiscal year ended March 2002, consolidated revenue was ¥2,651.5 billion and ordinary profit ¥159.6 billion.
Initiatives
In August 2004 an accident occurred at Unit 3 of the Mihama Power Station in which secondary system piping ruptured. The response extended to shutting down all the company's nuclear power stations and reorganizing the support subsidiaries responsible for maintenance. Over his four years in office, consolidated ordinary profit rose from ¥159.6 billion in the fiscal year ended March 2002 to ¥297.8 billion in the FY ended March 2005, while net income fell from ¥128.4 billion to ¥69.7 billion. He stepped down as President in June 2005, handing over to Executive Vice President Shosuke Mori.
Career
Career
Kansai Electric Power
| Date | Position |
|---|---|
| Apr 1960 | Joined |
| Jun 1978 | 国際復興開発銀行出向 (translation pending) |
| Jun 1985 | Secretary General, TQC Promotion |
| Jun 1993 | 取締役・お客さま本部副本部長 (translation pending) |
| Jun 1997 | Senior Managing Director |
| Jun 1999 | Executive Vice President |
| Jun 2001 | President |
| Jun 2005 | Stepped down as President |