Nabtesco announces leadership changes, share cancellation

Nabtesco Corporation announced a refreshed management structure and leadership appointments, including the promotion of Hiroshi Usui to representative director and managing executive officer, effective late March 2026. This move, aiming to strengthen and empower the management structure for sustainable growth, was resolved at a board of directors meeting on November 28, 2025, and is subject to shareholder approval in late March 2026. Michihito Suzuki will also be appointed as a new director and managing executive officer, while Shinako Matsuyama joins as an outside director.

The company also outlined a new operational structure, effective January 1, 2026, with Kazumasa Kimura remaining president and CEO. Several executive officers will take on new duties, including Hiroshi Usui overseeing corporate planning, accounting & finance, information systems, and corporate communication. Kiyoshi Ando and Norimasa Takagi are scheduled to retire as executive officers.

Additionally, Nabtesco announced the cancellation of 2,999,400 common shares, representing 2.48% of its outstanding shares before cancellation. This action, resolved on November 28, 2025, will reduce the total outstanding shares to 118,064,699 and is scheduled for December 10, 2025.