Tsubaki Nakashima : Announcement of Changes of Executive Officer, etc (2024)

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690.00 JPY +1.17% Tsubaki Nakashima : Announcement of Changes of Executive Officer, etc (1) -1.00% -5.74%
Oct. 18 Tsubaki Nakashima Rejigs Management Team MT
Oct. 17 Tsubaki Nakashima Co., Ltd. Announces Executive Changes CI

October 16, 2024 at 08:07 pm EDT

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October 17, 2024

Tsubaki Nakashima Co., Ltd.

Itaru Matsuyama

Representative Executive Officer CEO

(Code:6464, Prime, Tokyo Stock Exchange)

Contact for inquiries: Ikunori Morita

Phone: +81 (0)6-6224-0193

Announcement of Changes of Executive Officer, etc.

Under the new leadership of Itaru Matsuyama, who was appointed Representative Executive Officer CEO in July 2024, the Company is building a new management organization to strengthen the future revenue base while implementing and accelerating measures to enter a new growth trajectory.

With these goals in mind, at the Board of Directors meeting held on October 16, 2024, the Company decided to change executive officers, etc. as given below.

As released in the "Announcement of Organizational Reforms, and Appointments and Changes of Executive Officers, etc." dated August 21, 2024, Cosimo Colasanti has been appointed Chief Manufacturing Officer effective October 1, 2024. He will direct the Company's manufacturing transformation project to establish a global manufacturing organization, whose goals include driving innovations in production technologies, improving productivity, and strengthening cost competitiveness. In addition, as released in the "Announcement of Appointments and Changes of Executive Officers, Organizational Reforms" dated September 19, 2024, Inventory & SIOP was moved to the Manufacturing Function, which is led by Cosimo Colasanti. With this move, we intend to integrate Inventory & SIOP with productivity improvements and to achieve comprehensive inventory management at the plant level.

Under this organizational structure, the Company welcomes Gaurav Bansal as Senior Director of Global Inventory Management & SIOP. He will manage and oversee Inventory & SIOP as part of the Manufacturing Function. Our goal is to optimize inventory volumes at the plant level and to integrate sales planning, production planning, inventory management, and financial forecasting. Bansal brings to his post extensive experience and a proven track record in that field.

Additionally, the Company welcomes Waseem Arafat as Senior Director of Advanced Manufacturing Engineering. He will oversee and manage Manufacturing Engineering as part of the Manufacturing Function. Arafat brings to his post extensive experience and a track record in manufacturing engineering and leadership. He will lead the Company initiative to restructure and streamline its manufacturing processes, making full use of various innovative technologies and approaches. As Director of Manufacturing Engineering, Kazuaki Kayahara will continue, under Waseem Arafat, to direct the Company's global manufacturing transformation project.

The Company also welcomes Tarak Dandu, who brings to his post extensive experience and knowledge in global finance and transformation projects, as Regional Controller of the Americas Business Unit. With Tarak Dandu joining our Group, we will aim for ongoing growth and success in our Americas business.

The Company believes these changes will lead to sustainable and profitable growth and create greater value for all stakeholders, including our shareholders, customers, business partners, and employees.

1

Disclaimer: This English translation is provided solely for reference purposes. In the event of any discrepancies between the original Japanese version and the English translation, the Japanese version shall prevail.

Changes of Executive Officer, etc.

Name

New title

Current title

KAYAHARA, Kazuaki

Director

Executive Officer

Manufacturing Engineering

Engineering, R&D, Intellectual

Dated November 1, 2024

Properties, CAPEX

GAURAV Bansal

Senior Director

Joined on October 7, 2024

Global Inventory Management & SIOP

Dated October 7, 2024.

WASEEM Arafat

Senior Director

Joined on October 14, 2024

Advanced Manufacturing Engineering

Dated October 14, 2024.

TARAK Dandu

Regional Controller

Joined on October 21, 2024

Americas BU

Dated October 21, 2024

Names and CVs of Newly Appointed staffs

Name

Brief personal history

GAURAV Bansal

2005

Cummins Incorporated

date of birth

Supply Chain Director, Cummins Middle East

1977/3/12

Director, Global Purchasing & Cost Management, Distribution Unit

Director, Supply Chain, Asia pacific

Managing Director, North East and South East Asia

Director, Functional Excellence Global Supply Chain

WASEEM Arafat

2005 UPB Group

date of birth

2007

NESTLE' Waters

1982/7/8

2008

K.G.Tech

2013

Ino-Tek

2013 FAURECIA

Manager of Manufacturing Engineering

2018 ContiTech Automotive / COOPER STANDARD

Senior Manager of Digital Manufacturing & llot

2019 FAURECIA

Senior Manager of Manufacturing Engineering & llot

2021 WEBASTO

Director of Advanced Manufacturing Engineering

TARAK Dandu

2000

Kwality Threads Pvt Ltd, India

date of birth

2002

Coca Cola, India

1979/3/18

2004

Timex Group

Director, FP&A

2019

Techtronic Industries

Director of Finance

Senior Director of Finance

VP of Finance

2024

Swisher

Finance Transformation, Consulting VP

2

Disclaimer: This English translation is provided solely for reference purposes. In the event of any discrepancies between the original Japanese version and the English translation, the Japanese version shall prevail.

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Tsubaki Nakashima Co. Ltd. published this content on October 17, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on October 17, 2024 at 00:06:07.363.

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Tsubaki Nakashima : Announcement of Changes of Executive Officer, etc (2)

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Company Profile

Tsubaki Nakashima : Announcement of Changes of Executive Officer, etc (3)

TSUBAKI NAKASHIMA CO., LTD. is a Japan-based company principally engaged in the manufacture and sale of precision balls, ball screws and air blowers. The Company operates through three segments. The Precision Component segment is engaged in the manufacture and sale of ball bearings, ceramic balls, cemented carbide balls, glass balls, plastic balls, carbon steel balls and other precision ball products, as well as rollers, retainers and sheet metal parts. The Linear segment is engaged in the manufacture and sale of precision ball screws, ball screws for high-load, precision miniature ball screws, caged precision ball screws, hollow shaft ball screws, precision rolled ball screws, general industrial ball screws and other ball screw products, as well as air blowers. The Others segment is engaged in the real estate leasing business.

Employees

3,066

Sector

Calendar

2024-11-10 - Q3 2024 Earnings Release

More about the company

Income Statement and Estimates

Tsubaki Nakashima : Announcement of Changes of Executive Officer, etc (4)

More financial data

Ratings

Trading Rating

Investor Rating

ESG Refinitiv

Tsubaki Nakashima : Announcement of Changes of Executive Officer, etc (5)

More Ratings

Analysts' Consensus

Sell

Tsubaki Nakashima : Announcement of Changes of Executive Officer, etc (6)

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

2

Last Close Price

682.00JPY

Average target price

835.00JPY

Spread / Average Target

+22.43%

Consensus

Profit revisions

Tsubaki Nakashima : Announcement of Changes of Executive Officer, etc (7)

Estimate revisions

Quarterly earnings, Rate of surprise

Tsubaki Nakashima : Announcement of Changes of Executive Officer, etc (8)

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Tsubaki Nakashima :  Announcement of Changes of Executive Officer, etc (2024)
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