Leadership & perspective

Chief Executive Officer · Japan

2026-09-23 edition

Renji Oritsune

A medicine supply plan is credible only when its quality decisions can withstand the pressure to ship.

Renji Oritsune · Chief Executive Officer · Japan

What I would ask before the board accepts the operating plan

My contribution to a board

I would help a board understand whether its operating commitments are supported by the capacity and authority needed to fulfil them. My experience is particularly relevant where technical decisions, supply expectations and financial plans interact. I can examine a manufacturing proposal from the standpoint of the whole operating path, including work that is less visible than a new production line. I would ask how management knows where its constraint sits and which assumptions become invalid if demand or process behaviour changes.

I would also bring experience of a listed business with a continuing family investment, where professional management must explain decisions to directors and shareholders with different histories in the company. That experience does not make me an expert in every governance setting. It does help me distinguish respect for an organisation's legacy from acceptance of an operating assumption that no longer holds. My contribution would be practical challenge supported by evidence, with clear recognition of the executive team's authority and the specialist competence I would not replace.

Judgement in practice

01

Keeping the remaining thirteen investigations visible

The investigation programme improved the ageing register substantially, but thirteen cases remained beyond ninety days. I brought that unresolved work to the board alongside the reduction from forty-seven and the four cases reopened during the period. This allowed directors to examine whether management had improved the work rather than simply the measure. An external board could expect me to ask similar questions about a favourable operating headline: what remains, how the classification changed and whether the people closest to the evidence agree with the account. I would seek the answer through the agreed oversight process, not instruct a technical team to reach a particular conclusion.

02

Taking a higher revised capital estimate back to directors

The staged expansion review increased the proposed total from ¥7.2 billion to ¥7.6 billion after revealing additional support requirements. I did not present the initial pause as a cost-saving success. I explained that the revised proposal described more of the work necessary to obtain the intended capacity. The board could then make a better-informed choice, including whether the investment remained attractive. In another company, I would ask whether a phased approval is producing useful information and whether management has preserved the original assumptions for comparison. A staged process should improve the decision, not make the ultimate commitment harder to recognise.

03

Retaining products that an efficiency ranking would remove

The portfolio review at Nerukawa left eleven of twenty-three studied variants unchanged and retained five with different planning arrangements. The operating burden was real, but it was not the only relevant fact. I required customer and specialist considerations to be examined before treating a product as expendable. A board contribution from this experience would be to question whether the proposed simplification has accounted for continuing obligations and transition cost. I would also challenge indefinite retention without a funded support plan. Both choices require an explanation; neither should be protected from scrutiny by a single commercial or operational measure.

My first year on a board

My induction would begin with the company's operating model, the authority attached to consequential technical decisions and the history of major commitments. I would read recent investment papers alongside the subsequent operating reviews, looking for assumptions that changed after approval. With the chair and executive team's agreement, I would visit relevant operations and listen to the people responsible for planning, investigation and customer delivery. These conversations should improve board understanding, not establish a private reporting route to one director.

During the first six months, I would identify two or three areas where my experience could sharpen the committee's questions. I would avoid importing a pharmaceutical procedure into a different industry simply because it was familiar. The organisation's own risks, obligations and specialist advice should determine the approach. By the end of the first year, I would want to understand how directors learn about an unresolved issue, how management tests a claimed improvement and whether board discussions lead to clear decisions. I would seek feedback from the chair on both the substance and proportion of my contribution, including occasions when a more concise question would have helped the executive team respond better.

Conflicts and their management

My current business creates potential conflicts through suppliers, distribution partners, technical service providers and investment relationships, as well as direct product competition. I would map these before accepting an appointment and maintain the disclosure as circumstances changed. Confidential manufacturing information, product plans and commercial terms from Aoritsune would not become resources for another company's decisions. A request for that access would be a reason to question the fit of the role.

Where a specific matter created a conflict, I would follow the company's agreed process for disclosure, access to papers and participation. A recurring conflict could make the appointment impractical even if individual meetings could be managed. I would review that question with the chair rather than assume recusal always solves it. Eighteen days is my current annual capacity, including preparation and visits. Any appointment requiring materially more, particularly during an exceptional event, would need an explicit review before acceptance.

My independence statement

I would disclose my executive appointment, shareholding interests and relevant business relationships before a nomination process advances. The company and its advisers should evaluate those facts against its applicable requirements. I would not describe myself as independent merely because a proposed seat is outside pharmaceuticals.

Governance learning and readiness

IICA Independent Directors’ Databank: Registered

I registered in the IICA Independent Directors' Databank in June 2026 while exploring future cross-border board work. I have not recorded a proficiency-assessment pass or claimed an exemption here. Registration is a preparation step, not an appointment or a conclusion about eligibility for a particular company.

  • Director workshops on Japanese listed-company oversight and conflict disclosure
  • Board simulations separating technical assurance from executive accountability
  • Continuing study of cross-border director responsibilities and nomination processes

Committee contribution

Chair and member readiness
CapacityCommittees
Ready to chairManufacturing or operational oversight committee after induction
Ready to joinRisk committee · Quality oversight committee · Capital allocation committee

Board and committee exposure

Served as a director

Aoritsune Therapeutics

Board; representative director and CEO

July 2019–present

Brings enterprise operating, investment and supply recommendations to the board.

Reported to a committee

Aoritsune Therapeutics

Board risk and quality oversight committee

2019–present

Reports management's response to investigation workload and manufacturing dependencies.

Presented to the Board or a committee

Aoritsune Therapeutics

Capital investment review

2014–2019

Presented site proposals as COO; this was not a board appointment.

Presented to the Board or a committee

Nerukawa Biologics

Group operating review

2009–2014

Explained portfolio transitions and supply expenditure as an executive presenter.

Capacity and preferences

Time available
18 days per year
Current directorships
1
Sectors
Specialist manufacturing outside direct product competition · Healthcare operating services · Industrial businesses with technically demanding processes
Company type
Listed mid-cap or established private company with a functioning board
Company stage
Reconsidering capacity, supply concentration or the operating consequences of a broad portfolio

The seat I am pursuing

I would consider one external seat where a manufacturing or technically demanding service business needs a clearer connection between its growth plan and operating obligations. A listed mid-cap undertaking a staged investment, or a private company strengthening oversight of a broad portfolio, could use my experience well. I would want an established executive team, access to the relevant specialists and a chair who can explain the missing perspective on the board. I am not seeking a position whose value depends on product introductions or privileged supplier access. A Japanese appointment is the most immediate geographical fit; cross-border work would require additional preparation on the company's context and responsibilities. The purpose should be a specific contribution to oversight, with committee work and time demands agreed before either side treats the appointment as suitable.