Akio Mimura

DEFINITION of 'Akio Mimura'

Served as chairman and president of Nippon Steel Corp. Mimura entered the company in 1963 (when it was Fuji Iron & Steel) at age 22, directly after completing college, and became president in 2003 and chairman in 2008. He was the company's first chief executive to meet with foreign investors outside of Japan. He has also held leadership roles with major steel organizations such as the Japan Iron and Steel Federation and the World Steel Association.

BREAKING DOWN 'Akio Mimura'

Nippon Steel Corp., formed by a merger between Yawata Steel and Fuji Steel in 1970, is headquartered in Tokyo. The company, along with its subsidiaries, produces steel materials, new materials and chemicals and does engineering and construction, urban development and computer systems engineering and consulting.





RELATED TERMS
  1. Steel Industry ETF

    A sector exchange-traded fund that invests only in companies ...
  2. Guy Dollé

    The former chairman and CEO of steel company Arcelor from 20 ...
  3. Lakshmi Mittal

    The chairman and CEO of ArcelorMittal and one of the world's ...
  4. Tycoon

    A prominent figure in a particular industry who has built up ...
  5. Big Uglies

    Old industrial companies in gritty industries (such as mining, ...
  6. Chairman

    An executive elected by a company's board of directors that is ...
Related Articles
  1. Markets

    How China Impacts the Global Steel Industry

    The Chinese economy is having a significant impact on the performance and profitability of steel and mining stocks.
  2. Markets

    Global Steel Industry Faces “Severe Winter”

    The global steel industry is in deep crisis due to overcapacity, falling prices and rising competition that has threatened the survival of many companies.
  3. Markets

    Steel Prices Soaring, Led by China

    Despite a continuous global supply glut, steel prices in China have advanced since the beginning of 2016.
  4. Markets

    United States Steel to Trade Ex-Dividend (X)

    Absent higher steel demand and improving commodity prices, U.S. Steel, even with its solid yield, isn't a value.
  5. Markets

    U.S. Raises China Steel Import Duty Sixfold (SLX)

    The U.S. said Tuesday it would raise import duties on Chinese cold-rolled steel by 522%.
  6. Markets

    AK Steel Stock Steaming Ahead of Earnings (AKS)

    AK Steel remains highly susceptible to the commodity price swings often driven by overseas manufacturers.
  7. Investing

    Tata Steel to Delay Sale of UK Assets on Brexit

    Tata Steel Limited, the Indian steel giant, has halted the sale of its U.K. assets as potential buyers defer decisions post-Brexit
  8. Markets

    Steel Stocks Poised For a Drop

    Steel stocks have triggered overbought conditions on the RSI indicator. These readings could signal a move lower in the weeks ahead.
  9. Markets

    China Steelmakers: Iron Ore Rally Is a Fake (BHP, RIO)

    Many market participants believe that the iron ore price rally since the start of 2016 is not sustainable and believe the prices will reverse
  10. Markets

    Chinese Central Planners to Cut 6 Million Jobs

    China recently announced plans to lay off approximately 1.8 million workers in the coal and steel sector, but the real figure may be as high as 6 million.
RELATED FAQS
  1. What was the first company with a $1 billion market cap?

    United States Steel Corportation (NYSE:X) was the world's first company to surpass the market capitalization mark of $1 billion ... Read Answer >>
  2. What are the most famous monopolies?

    Learn about famous monopolies from Carnegie Steel to Comcast that challenge free-market competition and encourage government ... Read Answer >>
  3. Why did the U.S. government take control of the steel industry in 1952?

    In early 1950, Senator McCarthy began seeing communists in every shadow, prompting him to accuse the Truman administration ... Read Answer >>
  4. Why would a multinational corporation conduct a vertical foreign direct investment?

    In many cases, multinational corporations conduct horizontal foreign direct investment (FDI) activities in order to expand ... Read Answer >>
  5. What are the most famous instances of backward integration?

    Learn more about backward integration in the supply chain and see how two famous examples, Carnegie Steel and Apple, used ... Read Answer >>
  6. What types of raw materials would be used by an auto manufacturer?

    Learn about some of the many raw materials required for auto manufacturing, including iron, made into steel; aluminum; rubber; ... Read Answer >>
Hot Definitions
  1. Glass-Steagall Act

    An act the U.S. Congress passed in 1933 as the Banking Act, which prohibited commercial banks from participating in the investment ...
  2. Quantitative Trading

    Trading strategies based on quantitative analysis which rely on mathematical computations and number crunching to identify ...
  3. Bond Ladder

    A portfolio of fixed-income securities in which each security has a significantly different maturity date. The purpose of ...
  4. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  5. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  6. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
Trading Center