Who is moving to which position
Resolved 14 May 2026Incoming appointee
1 itemDeparting officer
1 item“Next role stated” means the document names the position the person holds after stepping down. It does not necessarily mean they are leaving the company.
Will remain on the Board of Directors as Chairman of the Board
Under the current management structure, the Company established a profitable structure capable of consistently generating consolidated ordinary profit of several billion yen and increased dividends for 4 consecutive fiscal years, while making the significant and difficult decision to withdraw from the capacitor business. Having reached this turning point, the Company determined that the development of a competitive business portfolio and formulation of the next medium-term management plan, with the aim of further increasing corporate value, should be undertaken under a new management structure.
| Item | Details |
|---|---|
| Resolution date | 14 May 2026 |
| Scheduled Appointment Date | 25 June 2026. The appointment is scheduled to be formally approved at the 158th Annual General Meeting of Shareholders scheduled for 25 June 2026 and at the meeting of the Board of Directors scheduled to be held after the conclusion of that meeting. |
| Name of appointee | Nakagawa Taro (中川太郎) |
| Appointee's new position | Representative Director, President and President Executive Officer |
| Appointee's previous position | Representative Director, Executive Managing Officer, General Manager of the Food Business and General Manager of the Electronic Manufacturing Division |
| Appointee's date of birth | Born 16 January 1964 |
| Year the appointee joined the Company | 1986 |
| Number of shares held by the appointee | 21,600 shares (as of 31 March 2026) |
| Name of departing officer | Akazawa Hideaki (赤澤秀朗) |
| Former position of departing officer | Representative Director and President |
| New position of departing officer | Chairman of the Board |
| Whether the incumbent will remain in office | Will remain on the Board of Directors as Chairman of the Board |
| Reason for change | Under the current management structure, the Company established a profitable structure capable of consistently generating consolidated ordinary profit of several billion yen and increased dividends for 4 consecutive fiscal years, while making the significant and difficult decision to withdraw from the capacitor business. Having reached this turning point, the Company determined that the development of a competitive business portfolio and formulation of the next medium-term management plan, with the aim of further increasing corporate value, should be undertaken under a new management structure. |
| Subject to Approval by the General Meeting of Shareholders | Required. The changes are scheduled to be formally approved at the 158th Annual General Meeting of Shareholders scheduled for 25 June 2026 and at the meeting of the Board of Directors scheduled to be held after the conclusion of that meeting. |
Items this document does not state (7)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To establish a profitable structure capable of consistently generating consolidated ordinary profit of several billion yen, mark the fourth consecutive fiscal year of dividend increases and the withdrawal from the capacitor business as a turning point, and, under a new management structure, develop a competitive business portfolio and formulate the next medium-term management plan.