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Who Is Yasuaki Kagami?

Who Is Yasuaki Kagami?

Who is Plymouth Argyle Japanese director Yasuaki Kagami?

Not much is known about the mysterious Kagami since he arrived at Home Park in 2008.
We know that he has a personal fortune of around £42 million and we also know that he has not seen Argyle play yet.

Kagami arrived at Argyle in April 2008 amid a fanfare of expectation; a company - Shonan Management Corporation - was set-up to buy 20% of shares in PAFC, with the legalities dealt with by international legal firm Simmons and Simmons, based in the UK.
Nearly three years later there appears to be little, if any, investment from Asia in Argyle.
In the summer of 2009 Kagami, along with George Synan, increased his stake in the club to 38% of shares but according to Executive Director Keith Todd the Japan-based contingent in the Argyle boardroom have yet to pump any money into the club.

Little is known of Kagami, he rarely visits Plymouth and he shies away from talking to the press, so who is he?

We know that Kagami is the Chief Executive Officer of Maruka Corporation, a company predominantly involved in food, with extensive experience in America, Europe and Australia.
Maruka also markets and distributes products across the world and is affiliated with Maruka Engineering Corporation and Maruka Refrigeration, as well as several other companies.

In December 2008 Kagami bought 9.6% of shares in Korean technology company Pentamicro Inc, in a deal worth $1.18 million (£800,000).
However, a few months later Kagami pulled out of Pentamicro and sold his entire 12% of shares.
The Maruka Group, led by Kagami and Synan went into partnership with NAI Global in July 2009 to form NAI ChaneyBrooks Japan, a property management, office, retail, logistics and corporate residential leasing company based in Tokyo.

While not much information is available on the secretive Japanese businessman much more can be found on Toshio Kagami, Yasuaki's brother.

Toshio is CEO, Director and Chairman of Oriental Land Company, a Japanese leisure and tourist corporation worth £450 million.
OLC own the Tokyo Walt Disney Resort and pay commission to Disney for use of the name, with Toshio President of the resort. The main shareholders in OLC are two of Tokyo's biggest businesses - Keisei Electric Railway and property firm Mitsui Fudosan.
Toshio is also Chairman of Milial Resort Hotels.

Yasuaki and Toshio have worked together in the past with Maruka supplying food and other goods to the Disney resort.
It is not known how much Yasuaki and his brother are worth in financial terms; however it's obvious that these are very rich men!

It's unclear what plans Yasuaki has for Argyle - currently there are no details of investment into the team or for providing the funds to build a new stand and training facilities, however, the club urgently needs an injection of cash to settle a £760,000 tax bill with a winding-up petition scheduled in the High Court on the 9th February.
Players and staff have also gone unpaid or received just a portion of their wages.

Kagami has the funds to settle immediate debts but could be reluctant to pay up unless other Directors match his funding.

Click here to join in the debate on the club forum.

Date:Monday December 20 2010
Time: 10:31AM

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