Z HOLDINGS CORPORATION 
By
To whom it may concern
March 1, 2012
Yahoo Japan Corporation Masahiro Inoue, President & CEO Stock
code: 4689
In a Board of Directors meeting held today, Yahoo Japan
Corporation decided to introduce a new group of operating
officers, effective April 1, 2012, and make a change in its
representative director, scheduled for June 2012. Details are
as follows.
1. Purpose of introduction of new operating officer team
Masahiro Inoue, President & CEO
Masayoshi Son, Chairman of the Board of Directors
As a result of discussions among the Company's directors
about business strategies for the new fiscal year starting in
April 2012, it was decided to take steps to further clarify
the separation of management and operations and to effect a
major rejuvenation of the Company's operating officer team.
These measures are intended to steer management toward a more
aggressive business growth strategy.
The Internet industry is entering a major transformation
period where there will be a rush of new customer needs,
competitive factors, and competitors. The Internet usage
environment also is changing at a rapid pace along with the
sharp expansion in the use of smartphones and other
developments.
To remain competitive in this business environment, it will
be essential for the Company to successively introduce new
measures that respond to customer needs in addition to
utilizing the business base it has established to date and
its competitive advantages.
Moreover, the operating officers of companies in the
fast-growing Internet industry are typically young and cope
with market change using extremely flexible thinking. We
believe that it is the fate of companies in the Internet
industry to have to be constantly coming up with new
services, products, and business models if they wish to
remain viable companies.
In view of this backdrop, we have decided to introduce a new
group of operating officers that will substantially
rejuvenate our operation team. We intend this move to enable
the Company to respond quickly and dynamically to its
innovation-demanding business environment and to further
accelerate the growth of Yahoo Japan Corporation.
2. New Operating Officer Team (Effective April 1, 2012)
Title | Name | New or re-appointment |
Chief Executive Officer (CEO) Operating Officer | Manabu Miyasaka | New |
Chief Operating Officer (COO) Operating Officer Head of Media Business Group | Kentaro Kawabe | New |
Chief Financial Officer (CFO) Operating Officer | Toshiki Oya | New |
Operating Officer Head of BS Business Group | Masatsugu Shidachi | New |
Operating Officer Head of Consumer Business Group | Koji Sakamoto | New |
Operating Officer Head of Business Strategy Group | Kazuto Ataka | New |
Operating Officer Head of Operations Group | Tetsuya Nishimaki | Re-appointment |
Operating Officer Head of R&D Group | Tomoaki Tanida | New |
Operating Officer Chief Mobile Officer (CMO) | Shin Murakami | New |
3. Change in Job Responsibility of Directors (Effective April 1, 2012)
New Title | Name | Old Title |
Representative Director President | Masahiro Inoue | Representative Director President Chief Executive Officer (CEO) |
Director | Akira Kajikawa | Director Chief Financial Officer (CFO) Managing Operating Officer |
Director | Hiroaki Kitano | Director Chief Operating Officer (COO) Managing Operating Officer |
Note: The above three officers will resign their positions as
directors at the ordinary general meeting of shareholders in
June 2012.
4. Change in Representative Director (Scheduled for June
2012) (New) Name: Manabu Miyasaka
Title: Representative Director, President & CEO (Scheduled)
(Retiring) Name: Masahiro Inoue
Title: Representative Director, President
Timing: The change will be made after the new candidate has
been elected as a director by the ordinary general meeting of
shareholders in June 2012.
Profile of Incoming Representative Director
Name/ Birth Date | Profile | Number of Yahoo Japan Corporation shares owned |
Manabu Miyasaka Born November 11, 1967 | April 1991: Joined UPU Co., Ltd. June 1997: Joined Yahoo Japan Corporation. January 2002: Appointed Senior Manager, Media Business. April 2009: Appointed Operating Officer, Head of Consumer Business Group. | 759 |
5. Outlook
The candidates for directorships to be elected by the
ordinary general meeting of shareholders in June 2012 will be
announced as soon as they are decided.
