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Shima Seiki appoints Mitsuhiro Shima as new president
30
Jun '17
Shima Seiki Mfg., Ltd, a leading flat knitting machine manufacturer, has changed its leadership at its annual shareholders’ meeting on 28th June, 2017, replacing its former president, Masahiro Shima, with his son, former vice-president Mitsuhiro Shima. Mitsuhiro succeeds Masahiro as president, representative director, and director of sales headquarters.

Masahiro is now the chairman of the board of directors. The change in management is a strategic move by the company to further strengthen and improve its management system.

Mitsuhiro said, “I wish to nurture a company culture that encourages individual creativity and exchange of ideas with a common goal to make this organisation succeed. That mechanism is already in place. Shima Seiki will continue as an innovation leader. From now, however, innovation refers not only to discrete mechanical inventions, but to creative collaboration in both hardware and software technology that yields synergistic benefits.”

Mitsuhiro Shima joined the company in 1987. He became a director in 2002, and executive director in 2007. He has been in charge of system development, machinery production, material purchasing, and corporate planning before becoming vice president in 2012.

The transition takes place during financially favourable times, just as Shima Seiki announced one of its best fiscal years in its 55-year history, with record-setting figures posted in its fiscal report as of 31st March, 2017. This includes a 25.9 per cent increase in net sales, a 94.8 per cent increase in operating income, and a 121.6 per cent increase in net profit over the previous fiscal year. (GK)

Fibre2Fashion News Desk – India


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