Directors and Executive Officers

Jun Makihara (Date of Birth: January 15, 1958)

Jun Makihara

Outside Director


  • Director, Monex Group, Inc.
  • Director, Shinsei Bank, Limited
  • Director, Philip Morris International Inc.

As of July 20, 2017


Shinsei Bank finished the year with earnings of ¥50.7 billion, well below projected earnings of ¥55 billion for the first year of our Third Medium Term Management Plan. I am certain this was a disappointment for you, our shareholders, as it was for the board and the company. Our revised forecast for 2017 is also below original Plan projection of ¥61 billion. There are, of course, a number of reasons for this shortfall, the largest of which was the impact of the Bank of Japanís zero interest rate policy. Difficult markets also reduced revenues from the sale of asset management and derivative products and trading revenues.

Our employees worked very hard this year in a difficult market environment for all financial institutions. But of course our job is to react to market conditions and overcome them; to do better than a passive participant in the market.

We on the board are equally responsible. It is our job to work with management to achieve better results: higher revenues and lower costs, without undue risk. We could have done better in 2016, particularly on cost control. We are actively engaged in a firmwide costcontainment project which will bear fruit in the coming years. I hope to report better news to you next year.


September 2014 Director, Philip Morris International Inc. (Current)
June 2011 Director, Shinsei Bank, Limited (Current)
June 2006 Director, Monex Group, Inc. (Current)
July 2000 Chairman of the Board, Neoteny Co., Ltd.
November 1996 Co-Branch Manager, Goldman Sachs Japan, Ltd.
November 1992 Partner, Goldman Sachs & Co.
September 1981 Joined Goldman Sachs & Co.

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