Nisshinbo exceeds retirement program target, announces board changes

Nisshinbo Holdings Inc. announced the results of its early retirement incentive program, part of the wireless and communications business restructuring. The program, targeting Japan Radio Co. and its domestic subsidiaries, saw 431 applicants against a target of 400. This initiative, with associated costs of approximately 3.5 billion yen (of which 3.2 billion yen was an extraordinary loss in the revised earnings forecast of August 6, 2025), is projected to yield annual personnel cost savings of approximately 3.0 billion yen starting from the fiscal year ending December 2026.

Concurrently, Nisshinbo announced significant officer changes, effective late March 2026. Kaichiro Sakuma is proposed as a new director and executive managing officer, while Tetsuya Kumakawa is nominated as a new director and managing officer. Masahiro Murakami and Takeshi Koarai are slated to retire as directors.

Additionally, Koji Saito is proposed as a new managing officer, while Toshihiro Masuda and Kaoru Murata are set to retire as managing officers. These changes, approved by the board of directors on November 27, 2025, are subject to formal approval at upcoming general shareholders' meetings and subsequent board resolutions in late March 2026.