Mr. Hiroki Okimoto has extensive practical experience in business management and revitalization in a wide range of industries spanning operating companies, financial institutions and consulting firms, both within Japan and abroad. He has been deeply involved in the growth and revitalization of businesses from the standpoint of management, creditor, shareholder, and advisor.
In the advisory field, he has served as the president of a group company of Deloitte Tohmatsu and as a partner in the business revitalization practice of Boston Consulting Group. He was also seconded from Alix Partners, a U.S.-based business revitalization consulting firm, to hold interim CFO positions at domestic and overseas operating companies, where, among other things, he drafted turnaround plans and worked on improving business performance. At A.T. Kearney, he worked primarily on strategy development and implementation with financial institutions.
He also served as an executive (CEO, COO, and CFO) of several operating companies, where he established management controls and led business revitalization phases. As a manager of several startups, he took two companies public and successfully sold a consulting company he founded to the Deloitte Group.
In the financial industry, his experience includes working on real estate lending and default workouts in the U.S. at Fuji Bank (now Mizuho Bank), and venture investment screening, portfolio management, and restructuring of listed portfolio companies at SBI Holdings.
We believe that Mr. Okimoto's experience in various fields will contribute to Fujitec's capital policy and global strategy planning.
Mr. Okimoto's major business management and business turnaround achievements are as follows.
- As CFO/CRO of LDH (former Livedoor) after the Livedoor Incident, he contributed to the restructuring of the business and early dividends to shareholders through, among other things, sales of a publicly listed subsidiary worth ¥10 billion, financial restructuring including debt recovery, board management and handling activist fund shareholders.
- As CEO of Digit Brain (listed on JASDAQ at the time) during its financial distress, he implemented several restructuring steps, including the liquidation of several subsidiaries and personnel reduction of 70%, resulting in a 3.5-fold increase in market capitalization during his tenure.
- As Vice President and CFO of NIWS Co. (listed on the Second Section of the Tokyo Stock Exchange at the time), which he joined during the company’s business turnaround process, he was responsible for exposing accounting fraud by the previous management team, implementing a personnel reduction, investor relations, establishing compliance policies, negotiating financial restructuring with bankers, and overseeing the process for a petition for civil rehabilitation and business transfer to new sponsors.
- Served as the president of an internet financial services company and as CFO of a start-up software company, both of which were successfully listed on the stock exchange.