Yasuo Nakayama
Profile
Performance in office
Tenure
Tenure
Background
He worked at the Bank of Japan, serving as head of the Nagoya branch from July 2003 and Director-General of the Policy Board Secretariat from July 2005. He joined SECOM as an adviser in May 2007 and became Managing Director the following June. It was nine years from joining to the presidency, without experience in security operations or equipment development. The only individual among the top ten major shareholders in the FY ended March 2016 was founder Makoto Iida with 1.85%; Nakayama was not among them.
Selection
In May 2016 he succeeded Hiroshi Ito as President, appointed from Managing Director nine years after joining from the Bank of Japan in 2007. In the fiscal year ended March 2016, the year before he took over, consolidated net sales were ¥881.0 billion and operating income ¥128.6 billion, up from ¥840.7 billion and ¥123.6 billion the year before. It was not a change forced by a need to fix results, and appears to have been an appointment placing someone from finance at the helm of the parent company.
Initiatives
From the FY ended March 2017, his first year, to the FY ended March 2019, his last, consolidated net sales grew for three straight years, to ¥928.0 billion, ¥970.6 billion and ¥1,013.8 billion. Net income also rose from ¥84.1 billion to ¥92.0 billion. Operating income, however, stayed in the ¥130 billion range at ¥131.0 billion, ¥135.4 billion and ¥130.2 billion, so profit was flat even as sales passed ¥1 trillion.
Career
Career
Bank of Japan
| Date | Position |
|---|---|
| Jul 2003 | General Manager, Nagoya Branch |
| Jul 2005 | General Manager, Policy Committee |
Secom
| Date | Position |
|---|---|
| May 2007 | Joined as Advisor |
| Jun 2007 | Managing Director |
| May 2016 | Representative Director, President |
| Jun 2019 | Representative Director, Chairman |
| Jun 2019 | Stepped down as President |
References 1
References (Japanese primary sources)
- セコム 有価証券報告書【役員の状況】