Hitoshi Kanno
Profile
Performance in office
Tenure
Tenure
Background
He joined Electric Power Development (J-POWER) in April 1984. He became Executive Officer in June 2015, Managing Executive Officer in June 2017, Director and Managing Executive Officer in June 2019, and Director and Executive Vice President in April 2022. He was a career employee who spent all 39 years from joining to becoming president at J-POWER. He became an Executive Officer 31 years after joining, and reached Executive Vice President within eight years of entering management.
Selection
In June 2023 he succeeded Toshifumi Watanabe as Representative Director, President and Executive Officer. The promotion came one year and two months after he became Director and Executive Vice President. In the fiscal year ended March 2023, the year before he took over, consolidated net sales were ¥1,841.9 billion, operating income ¥183.9 billion and net income ¥113.7 billion, sales having risen 70% from ¥1,084.6 billion the previous year. The change moved up the Executive Vice President right after a year in which results had surged.
Initiatives
Consolidated net sales and operating income were ¥1,258.0 billion and ¥105.7 billion in his first year, the FY ended March 2024; ¥1,316.7 billion and ¥138.3 billion in his second year, the FY ended March 2025; and ¥1,182.3 billion and ¥101.0 billion in his third year, the FY ended March 2026. Sales fell by just over 30% over three years from ¥1,841.9 billion in the year before he took over, and operating income dropped from ¥183.9 billion to ¥101.0 billion. In April 2026, without waiting for the annual general meeting, he handed the presidency to Hideaki Kato.
Career
Career
J-Power
| Date | Position |
|---|---|
| Apr 1984 | Joined |
| Jun 2015 | Executive Officer |
| Jun 2017 | Managing Executive Officer |
| Jun 2019 | Director, Managing Executive Officer |
| Apr 2022 | Executive Vice President, Executive Officer |
| Jun 2023 | Representative Director, President, Executive Officer |
| Apr 2026 | Stepped down as President |
References 1
References (Japanese primary sources)
- 電源開発 有価証券報告書【役員の状況】