Education
Hosoya graduated from the University of Tokyo in 1968.
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Eiji Hosoya
Edit Profile細谷 英二
Businessman Chairman of Resona Holdings
Career
Hosoya was appointed Chairman of in May 2003, is credited with leading "s revitalization in the wake of a 2003 taxpayer-funded bailout from the government for 1.96 trillion yen ($24 billion United States dollars). He joined the staff of the former Japanese National Railways, the state-owned railway network company, after college. Hosoya worked on the privatization of the East Japan Railway Company.
Holdings, which used to be called Daiwa Bank Holdings Incorporated., was formed in December 2001 through the merger of Daiwa Bank Limited., Kinki Osaka Bank Limited. and Nara Bank Limited.
Asahi Bank Limited. In March 2002, a fourth bank, Asahi Bank Limited., joined the lending group as well. In May 2003, posted 838 billion yen loss which reduced the bank"s capital below the minimum required levels, requiring it to seek a bailout from the Japanese government to stay afloat. received a taxpayer funded bailout worth 1.96 trillion yen ($24 billion United States dollars).
Tha bailout required a shakeup in "s management. Eiji Hosoya joined as chairman in May 2003.
He had arrived at after helping with the privatization of the East Japan Railway Company.
Hosoya was initially very reluctant to join, telling reporters in a news conference on May 30, 2003, that "I decided to accept the offer as I realized that stabilizing the financial system is the highest priority for the Japanese economy."
Hosoya is widely credited with revitalizing in the wake of the bailout, leading the bank back to financial stability. Hosoya proposed that purchase of 1.3 trillion yen of preferred shares from the Japanese government by 2015. In January 2011, an equity group provided 545 billion yen towards the purchase proposal.
Hosoya raised the number of female managers at Hosoya to combat the gender gap in Japan"s finance and business sectors.
In a November 2011 interview, Hosoya noted that, "Companies that don’t give women leading roles will be left behind."
He also sought to cut "s expenses. In 2008,, under Hosoya, sold its headquarters building in Tokyo"s pricey Ōtemachi financial district. relocated to a new headquarters in Kiba, Koto, Tokyo.
Eiji Hosoya died from an illness at his home in Tokyo on November 4, 2012, at the age of 67.
Membership
The Japanese National Railway is the predecessor of the East Japan Railway Company and the other six members of the Japan Railways Group.
