Nisshinbo completes restructuring, announces leadership changes

Nisshinbo Holdings Inc. announced the successful completion of an early retirement incentive program for Japan Radio Co., Ltd. and its subsidiaries, as part of its Wireless and Communications Business restructuring. The program, which closed on October 31, 2025, attracted 431 applicants, exceeding the initial target of 400 positions. This initiative will incur approximately 3.5 billion yen in special retirement benefits and reemployment support costs, with 3.2 billion yen already accounted for as an extraordinary loss in the revised earnings forecast. Nisshinbo anticipates annual personnel cost savings of approximately 3.0 billion yen starting from the fiscal year ending December 2026.

Concurrently, Nisshinbo Holdings also disclosed significant officer changes, effective late March 2026. Yasuji Ishii will continue as representative director and president. Kaichiro Sakuma is appointed director and executive managing officer, also serving as representative director and president of Japan Radio Co., Ltd. and as director, chairman, and chief executive officer of Kokusai Denki Electric Inc. Tetsuya Kumakawa is appointed director and managing officer.

The restructuring will also see the retirement of several directors, including Masahiro Murakami and Takeshi Koarai, and the appointment of new managing officers such as Koji Saito. These leadership adjustments align with the strategic changes following the business restructuring, with formal approvals expected at general shareholders' meetings and board of directors meetings planned for late March 2026.