TOKYO, Apr 24 (Pulse News Wire) – Toho Lamac CO.,LTD. (7422.T) announced today that its board of directors held on April 24 appointed Masayuki Kaneko, currently an external director, as a new executive director to lead efforts aimed at early restructuring and improving profitability in the footwear sector.
In a move designed to address significant challenges facing the company's footwear division, including historical yen depreciation, rising raw material and manufacturing costs in China, and increased logistics expenses, Kaneko will take charge of operational execution. His deep industry expertise and understanding of the company’s issues as an external director make him well-suited for this role.
Under Kaneko’s leadership, the company aims to implement structural reforms swiftly to strengthen the business foundation. The appointment reflects TOHO LAMAC’s commitment to revitalizing its key footwear operations and enhancing overall performance.
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