Oiles Corporation announced that it has resolved, at the Board of Directors meeting held on February 21, 2024, the matters concerning the changes of representative directors, directors, operating officer and personnel. The company announced that Masami Iida's designation has been changed from President, Chief Operating Officer to Chairman and Yoshikazu Sakairi's designation has been changed from Director, Operating Officer, General Manager of Corporate Planning & Administrative Division, Planning Control to President, Chief Operating Officer. These changes are effective as of April 1, 2024. Reason for change: As the Company will start a new medium-term management plan from April 2024, the Company will promote improvements in corporate value over the medium to long term under the new management structure. Yoshikazu Sakairi: Date of birth: August 10, 1966 (57 years old). Final academic background: Graduated from Kogakuin University in March 1989. Career summary: April 1989 - Joined the Company, April 2014 - Department Manager of Engineering & Design Dept., Bearing Division 2; January 2016 - Vice-Department Manager of Planning & Administrative Dept., Bearing Division 1 & 2; March 2016 - President of Oiles India Private Limited; June 2018 - Operating Officer; October 2018 - Operating Officer, Department Manager of Corporate Strategy Dept.; April 2019 - Operating Officer, Planning Control, Department Manager of Corporate Strategy Dept.;
April 2021 - Senior Operating Officer, Planning Control, Department Manager of Corporate Strategy Dept.; April 2022 - Senior Operating Officer, General Manager of Corporate Planning & Administrative Division, Planning Control, Department Manager of Corporate Strategy Dept.; June 2022 - Director (current position); April 2023 - Operating Officer, General Manager of Corporate Planning & Administrative Division, Planning Control, Department Manager of Corporate Strategy Dept.; October - 2023 Operating Officer, General Manager of Corporate Planning & Administrative Division, Planning Control (current position). Audit & Supervisory Board Members Katsuhiro Mizoguchi and Hiroshi Suda are scheduled to retire and become advisors as of June 27, 2024. Misao Yoneyama's designation has been changes from Operating Officer, Department Manager of General Affairs Dept. Manager of Sustainability Promotion Office, Corporate Planning & Administrative Division to Operating Officer, General Manager of Corporate Planning & Administrative Division. Misao Yoneyama: Date of birth: April 20, 1963. Career summary: January 2018 - Joined the Company, Department Manager of General Affairs Dept., Corporate Planning & Administrative Division. April 2021 - Operating Officer, Department Manager of General Affairs Dept., Corporate Planning & Administrative Division.
OILES CORPORATION is primarily engaged in the bearing equipment business. It has four business segments. The Bearing Equipment segment is engaged in the development, manufacture and sale of oilless bearings and others. The Structural Equipment segment is engaged in the development, manufacture and sale of support, seismic isolation and vibration suppression equipment, among others. The Construction Equipment segment is involved in the development, manufacture, sale, construction and maintenance of window operators, environmental equipment, and household equipment, among others. The Others segment is engaged in the purchase and sale of conduction equipment and others.
OILES CORPORATION 
