Shinji Nishigaki

Profile
Tenure
Jun 2024 – Present
Years in office
2.3 years
Name in Japanese
西垣伸二
Title at appointment
Representative Director, President
Performance in office
Kurabo Industries
Performance in office
FY2024FY2026Change
Revenue¥151.3billion¥143.8billion−5%
Net margin4.4%9%+4.6pt
FujitaNishigaki
Revenue¥143.8 billionNet margin9%2019/32021/32026/3
Revenue¥143.8 billionNet margin9%2019/32021/32026/3
Tenure

Tenure

Background

He joined Kurabo Industries in April 1986, became an Executive Officer in June 2018 and Managing Executive Officer in June 2022. He became Director and Managing Executive Officer in June 2023 and, a year later in June 2024, Representative Director and President. A career employee who spent 38 years inside the company, he leads a company whose top ten shareholders in the FY ended March 2026 included financial institutions such as The Master Trust Bank of Japan at 10.28% and Nippon Life Insurance at 5.68%, alongside AVI JAPAN OPPORTUNITY TRUST PLC at 4.54%.

Selection

In June 2024 he succeeded Haruya Fujita as Representative Director and President. In the FY ended March 2024, the year before he took office, consolidated net sales were ¥151.3 billion, operating income ¥9.2 billion and net income ¥6.7 billion; compared with ¥153.5 billion, ¥8.7 billion and ¥5.5 billion the year before, sales had slipped while profits grew. He was named a year after joining the board, and the change appears to have handed over intact the profit improvement his predecessor had spent ten years on.

Initiatives

In the FY ended March 2025, his first year, consolidated net sales were ¥150.7 billion, operating income ¥10.3 billion and net income ¥9.0 billion, with both operating and net income above the previous year. Consolidated operating income had stayed between ¥2.7 billion and ¥9.2 billion from the FY ended March 2012 to the FY ended March 2024, so ¥10.3 billion was the highest in that period. Net income of ¥9.0 billion was also the highest in the same period; only profits grew while sales stayed in the ¥150 billion range.

Career

Career

Kurabo Industries

Date Position
Apr 1986 Joined
Jun 2018 Executive Officer
Jun 2022 Managing Executive Officer
Jun 2023 Director and Managing Executive Officer
Jun 2024 Representative Director, President
References 1

References (Japanese primary sources)

  • 倉敷紡績 有価証券報告書【役員の状況】