Akitoshi Ichii
Profile
Performance in office
Tenure
Tenure
Background
He joined NSK in April 1986. He entered the management team as Executive Officer and Deputy Head of Corporate Strategy in June 2015, and advanced to Senior Vice President in April 2017, Director that June and Representative Executive Officer and Executive Vice President in April 2019. A career insider, he took 29 years from joining to become an executive officer and 35 to become president. His executive titles are those of executive officers rather than directors because the company has a nominating committee structure.
Selection
In April 2021 he succeeded Toshihiro Uchiyama as Representative Executive Officer, President and CEO. In the fiscal year ended March 2021, the year before he took office, consolidated net sales had shrunk to ¥747.5 billion, operating income to ¥6.4 billion and net income to ¥0.3 billion; from net sales of ¥991.3 billion and operating income of ¥79.3 billion in FY ended March 2019, operating income had fallen to less than one-twelfth. Consolidated employees also fell from 31,484 to 30,378 over those two years. With results at the bottom, the company handed over to an executive officer who had come up through corporate strategy.
Initiatives
He decided to spin off the steering business and sell a majority stake to an investment fund, then buy back all the shares two years later. In 2026 the company decided to establish a joint holding company toward a business integration with NTN. Consolidated employees fell by 4,250, from 29,882 in the fiscal year ended March 2023 to 25,632 in FY ended March 2024. Consolidated net sales recovered from ¥747.5 billion in the year before he took office to ¥911.6 billion in FY ended March 2026, and operating income from ¥6.4 billion to ¥38.8 billion.
Career
Career
NSK
| Date | Position |
|---|---|
| Apr 1986 | Joined |
| Jun 2015 | Corporate Executive Officer, Deputy General Manager of Headquarters, Corporate Planning Headquarters |
| Apr 2017 | Managing Corporate Executive Officer |
| Jun 2017 | Director |
| Apr 2019 | Representative Corporate Executive Officer, Senior Managing Officer |
| Apr 2021 | Representative Corporate Executive Officer, President and CEO |
References 1
References (Japanese primary sources)
- 日本精工 有価証券報告書 第161期（2021年3月期）【役員の状況】