Pioneering the Internet Securities Business Matsui Securities President to Retire from Matsui March 25 20:49
One of the pioneers in Japan's Internet securities business, Michio Matsui, president of Matsui Securities, has retired from his 25-year president.
Matsui Securities held a press conference on the 25th, revealing that President Matsui would resign after the General Meeting of Shareholders held in June and become an unrepresentative advisor.
Mr. Satoshi Kazurita will be promoted to the succeeding president, and the top will be replaced for the first time in 25 years. Matsui assumed the post of president in 1995, and in 1998 changed his business model from a face-to-face securities business to a securities company specializing in the Internet.
He is known as one of the pioneers of the Internet securities industry.
President Matsui said at a press conference, "It is said that we have created a business model for Internet Securities, but we believe that there is nothing unchanging and something that should always change. I thought that the younger generation should take the initiative and decided to do so soon. "
In the Internet securities industry, competition has been fierce, as fees for purchasing investment trusts and stocks have become free, and Matsui Securities has set a final profit in the nine months from April to December last year. Has lost 44% compared to the same period of the previous year.