Institute / Research Cases / QS-RC-001
The Otsuka Family
The destiny of the Otsuka family is built so that the eldest daughter's entire tenure as president falls within a twenty-year blank in the flow of fortune. The founder of Otsuka Kagu and his eldest daughter. We read the destinies of the two and the phases of their time against some fifty years of corporate history and the course of the company's finances.
At a Glance
The case
- Subject
- Katsuhisa Otsuka (大塚勝久), founder / Kumiko Otsuka (大塚久美子), eldest daughter and second president
- Period analysed
- 1968–2026
- Three pillars — Kumiko Otsuka
- Day 丙寅 / Month 甲寅 / Year 戊申
- Void branches
- 戌亥 (Dog–Boar)
- Void decades
- The twenty years 1996–2016
- Format
- PDF, 15 pages — written in Japanese
- Price
- ¥50,000 including tax
Research Brief
What the case shows
- Her entry into Otsuka Kagu in 1994 falls in a void year of 戌亥 (甲戌).
- Her tenure, from becoming president in March 2009 to the shareholders' meeting of March 2015, lies within the eldest daughter's twenty-year void (1996–2016).
- 2018 (material doubt about the company as a going concern) and 2019 (Yamada Denki makes it a subsidiary) are the two void years of 戌亥.
Questions
The questions the report answers
- In which layers do the charts of the founder and his eldest daughter coincide, and in which are they reversed?
- From what point, and in what order, were the retained earnings lost?
- Where does 2009 (己丑), the year of succession, sit on the timelines of the two?
Public Record
The record, year by year
Selected events from the public record. Analysis and judgement are given in the report itself.
| 1969 | 己酉 | Katsuhisa Otsuka founds Otsuka Kagu Center, and within one generation builds it into a company listed on the First Section of the Tokyo Stock Exchange |
| 1991 | 辛未 | Kumiko Otsuka joins Fuji Bank |
| 1994 | 甲戌 (天) | Kumiko joins Otsuka Kagu (head of corporate planning and general manager of sales administration) |
| 1996 | 丙子 (天) | Kumiko becomes a director |
| 2004 | 甲申 (天) | Kumiko steps down as director to become an adviser; in 2005 she founds Qualia Consulting |
| 2009 | 己丑 (天) | Mar — Kumiko becomes president and representative director at the shareholders' meeting; Katsuhisa becomes chairman. The company's 40th anniversary |
| 2014 | 甲午 (天) | 23 Jul — The board removes Kumiko as president; Katsuhisa also takes the presidency. The fiscal year to December brings the first operating loss |
| 2015 | 甲午 (天) | 28 Jan — Kumiko returns as president |
| 2015 | 乙未 (天) | 25 Feb — Medium-term plan doubling the dividend to ¥80 per share. 27 Mar — Kumiko's proposals carry at the shareholders' meeting; Katsuhisa leaves and founds Takumi Ohtsuka |
| 2016 | 丙申 | 11 Apr — Katsuhisa wins the lawsuit over redemption of the asset-management company's bonds. Net loss of ¥4.57 billion for the fiscal year to December |
| 2018 | 戊戌 (天) | 14 Aug — Discloses material doubt about the company as a going concern |
| 2019 | 己亥 (天) | 30 Dec — Yamada Denki makes it a subsidiary (51.74% of voting rights) |
| 2020 | 庚子 | 1 Dec — Kumiko resigns from all positions |
| 2021 | 辛丑 | 30 Aug — Delisted. 1 Sep — Becomes a wholly owned subsidiary of Yamada Holdings |
| 2022 | 壬寅 | 1 May — The merger takes effect and the company ceases to exist as a legal entity, 53 years after its founding |
Year pillars change at Risshun, in early February. (天) = void year or void decade.
Contents
14 pages
- Destiny profile and chart
- Void and the timeline
- Yin and yang charts
- Timeline chart
- Public record
- The conditions the destiny pointed to
- The imagery of the three pillars, and the cycle
- The arc of the ten-year phases
- Years
- How the retained earnings disappeared
- Conclusion
- Destiny profile
- The arc of the ten-year phases
- Father and daughter compared
- Conclusion
Purchase
Order this Research Case
¥50,000incl. tax · PDF · Japanese
Email the case number QS-RC-001. We reply with an invoice; the PDF follows once payment is confirmed.
Analysis supervised by FAITH (Makoto Tokunaga) — MSc Economics, University of Warwick · CICP · Shugakuin Saii