The Ledger ResearchPrivate

The Front Office

Scouting report · 1847.T

Hiroaki Masakiyo

  • Representative Director, President & President Executive Officer (代表取締役社長 社長執行役員), 1847.T since 2026-04src

Ichiken career since 1986; Representative Director & President since April 2026

—thin record

Not ranked yet

Scouting sheet

as of 24 Sep 2026
Delivers guidance—no promises on the record yet
Answers the question—no call reviewed yet
Capital allocation—company not reviewed yet
Pay design—revenue, operating income
Skin in the game—no holding or price on file
In the role
6 mo
Promises scored
0
Hit rate
—
Dodges / 100 answers
—
Airtime on calls
—
Every promise, oldest firstno scored promises yet

What to weigh

Watch 5

  • In the job since April 2026, so there is no track record as CEO yet. His predecessor, president for nearly eleven years, stays on the board as Chairman without representative authority and held 23,800 shares to his 7,200 in the 2026 yuhosrc
  • Small stake: 7,200 shares, 0.099% of the company in the 2026 yuho, up from 3,100 a year earlier. Counts are as filed and not split-adjustedsrc
  • All director pay is cash. The FY2024 yuho describes a fixed monthly salary plus a performance-linked monthly payment set from revenue and operating income against the medium-term plan; there is no stock or long-term awardsrc
  • Maruhan Corporation held 32.27% of the shares at 2024-03-31 as the largest shareholder, and the employee-partner shareholding association (全国一栄会持株会) 3.42%src
  • Operating cash flow was -¥3.23bn in the FY ended March 2026, against +¥8.14bn the year before, while trade receivables rose from ¥28.5bn to ¥37.5bnsrc

Career

  1. 2026 – now
    Ichikensrc
    Representative Director, President & President Executive Officer
    From 2026-04
  2. 2025 – 2026
    Ichikensrc
    Director, Senior Managing Executive Officer (専務執行役員); General Manager, Business Division (事業本部長)
    From 2025-06
  3. 2024 – 2025
    Ichikensrc
    Director, Managing Executive Officer (常務執行役員); General Manager, Business Division
    From 2024-04
  4. 2023 – 2024
    Ichikensrc
    Director, Managing Executive Officer; Kansai Branch General Manager
    Joined the board 2023-06
  5. 2022 – 2023
    Ichikensrc
    Managing Executive Officer; Kansai Branch General Manager
    From 2022-06
  6. 2021 – 2022
    Ichikensrc
    Executive Officer; Kansai Branch General Manager
    From 2021-04
  7. 2019 – 2021
    Ichikensrc
    Head of Corporate Planning Office (経営企画室長); Executive Officer from 2020-06
    From 2019-04
  8. 2018 – 2019
    Ichikensrc
    Deputy General Manager, Kansai Branch
    From 2018-04
  9. 2011 – 2018
    Ichikensrc
    General Manager, Development Sales Department, Kansai Branch
    From 2011-04
  10. 1994 – now
    Global Construction Co., Ltd.src
    On secondment from Ichiken
    Seconded 1994-09; the yuho gives no end date
  11. 1986 – 1994
    Ichikensrc
    Joined the company
    Joined 1986-04; posts before 1994 not listed

Not located: 1994-2011: the yuho lists only the 1994-09 secondment to Global Construction Co., Ltd. and then 2011-04; how long the secondment lasted and what he did in between was not located in any source searched

Achievements

  • Took over as President in April 2026 after running the Business Division, Ichiken's construction operations, from April 2024src
  • Ran the Kansai branch 2021-2024, after two years heading the corporate planning officesrc
  • Inherits a record year: FY ended March 2026 revenue ¥106.2bn, operating income ¥9.03bn, net income ¥6.41bn, reported ROE 17.3%src
  • That revenue already passes the Vision 2030 target of about ¥100bn with an operating margin of about 5% for the year to March 2031src

Education

  • Osaka University of Arts, Bachelor's Architecture (Faculty of Arts) (1986)src

Background

  • Family The officer table and its notes in the FY2024 yuho record no family relationship between him and any other officersrc
  • Other A company career of forty years with no outside employer listed; the only external post in his yuho career is the 1994 secondment to Global Construction Co., Ltd.src

The promise ledger

No promise on the record yet: the research routine has not scored this company's guidance.

Sources

7
  1. Web search result IRBANK officer page for 政清弘晃, reproducing the 略歴 and shareholdings from Ichiken's yuho for the 100th period (FY 2025-04-01 to 2026-03-31); page fetched directly, the yuho itself was not reachable · 2026-09-24
  2. Web search result IRBANK 'Ichiken (1847) officer list', directors' titles and shareholdings by yuho year 2014-03 to 2026-03 (copies the yuho's 役員の状況); page fetched directly · 2026-09-24
  3. Web search result IRBANK 'Ichiken (1847) director pay history' (copies the yuho's 役員の報酬等): inside directors' aggregate pay by year, no officer individually disclosed; page fetched directly · 2026-09-24
  4. Filing Ichiken yuho for the 97th period (FY ended 2024-03-31), EDINET doc S100TT1I filed 2024-06-26; read from an archive copy of the EDINET PDF because EDINET is egress-blocked · 2024-06-26
  5. Data connector EDINET DB get_director_compensation(edinet_code=E00117, fiscal_year=2026): director pay by category and type for the FY ended 2026-03-31 (no names) · 2026-09-24
  6. Data connector EDINET DB get_financials(edinet_code=E00117, years=2): FY ended 2025-03-31 (doc S100W68Z) and FY ended 2026-03-31 (doc S100YD9X, filed 2026-06-18), JP GAAP · 2026-09-24
  7. Web search result WebSearch: イチケン 新社長 政清弘晃 略歴 (summary of Nikkan Kensetsu Kogyo Shimbun 'イチケン／社長に政清弘晃取締役昇格／４月１日就任': board decision of 2026-01-28, Hasegawa to become chairman without representative authority; Masakiyo graduated in 1986 from Osaka University of Arts, Faculty of Arts, Department of Architecture, is from Osaka Prefecture, aged 62). Page not fetched (egress-blocked) · 2026-09-24