Y asumitsu Shigeta is a self-made Japanese billionaire who built his fortune in the mobile phone and technology distribution industry. He is the founder and chairman of Hikari Tsushin, a major Japanese technology and office equipment distributor. He founded the company in 1988 and achieved massive success in the 1990s as a major distributor of mobile phones, famously offering free handsets to sign up new subscribers for the mobile carriers.
During the peak of the dot-com bubble, he became, for a brief time, one of the richest people in the world, with a fortune that surpassed that of Bill Gates on paper. However, his wealth was decimated when the bubble burst in 2000, and his company's stock price collapsed by over 99%. He has since orchestrated a remarkable comeback, restructuring his company and rebuilding his fortune. Hikari Tsushin is now a diversified business with interests in office equipment, insurance, and other business services. His dramatic rise, fall, and recovery is a legendary story in Japanese business.
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Yasumitsu Shigeta is a Japanese businessman, the self-made billionaire Founder, Chairman, and CEO of Hikari Tsushin, Inc. (TYO: 9435), a major global provider of telecommunications, office equipment leasing, and IT services. His career is rooted in technology, finance, and entrepreneurial audacity.
Shigeta's philosophical approach centers on scale, disruption, and long-term commitment to B2B telecom and office services (pioneering the aggressive telesales and B2B marketing model). He founded Hikari Tsushin in 1988, recognizing the immense, untapped domestic demand for telecom and equipment leasing.
Yasumitsu Shigeta's strategic genius was his commitment to high-volume sales. He founded Hikari Tsushin in 1988, successfully building it into a national powerhouse by pioneering an aggressive telesales and direct marketing model for telecom and office equipment. His structural contribution is immense: pioneering the modern B2B telecom services model that transformed the Japanese corporate landscape.
The company faced a near-death experience during the 2000 dot-com crash when its stock plummeted from over 200,000 yen to 5,000 yen. He successfully restructured and rebuilt the company, securing its long-term viability. He remains Chairman and CEO, guiding the company's continuous expansion. His wealth is secured by the colossal, long-term, stable profitability of the global B2B technology and services sector.
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Founds Hikari Tsushin, Inc. (Founding).
Hikari Tsushin achieves massive valuation during the dot-com boom (Valuation Apex 1).
The stock price crashes by over 90% (Corporate Crisis).
Shigeta successfully restructures and rebuilds the company (Turnaround).
Continues as Founder, Chairman, and CEO, guiding the global technology giant (Executive Oversight).
Yasumitsu Shigeta's wealth is concentrated in his founding equity and continued executive leadership of the publicly traded technology giant, Hikari Tsushin, Inc. (TYO: 9435), and his private investments.
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Yasumitsu Shigeta's social impact stems from Hikari Tsushin's role in providing essential telecom and IT services that support thousands of small and medium enterprises across Japan, enhancing corporate efficiency. His personal philanthropy supports various educational and community initiatives, often focused on technology access and entrepreneurial mentorship.
His personal philanthropy supports various community and educational initiatives.
Yasumitsu Shigeta maintains the professional, composed style of a corporate executive. His attire is consistently formal and high-quality, favoring tailored business suits. His aesthetic reflects serious authority and stability, typical of a leader in the global technology sector.
Residing in Tokyo, Japan, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to technology innovation, strategic management, and corporate governance.
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+0.55% | +$21.70M
-0.34% | -$13.87M
This profile is compiled from verified biographical and financial records:
All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.
If you find any inaccuracies, please report them to admin@redcarpetlife.in
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