On April 1, 2020, Toshiba Machine Co., Ltd. of Japan, the parent company of Toshiba Machine Co., America, will change its corporate name to Shibaura Machine Co., Ltd. By-laws required for the new name to take effect were approved by Toshiba Machine shareholders at a meeting this past June.
The Shibaura name is a core part of Toshiba Machine’s history. “We were founded in 1938 as Shibaura Machine Tool Co.,” said Toshiba Machine President Takahiro Mikami. In 1961, the company merged with a corporate spinoff to form Toshiba Machine Co., Ltd.
According to Mr. Mikami, the corporate name change is the latest in a series of milestones that Toshiba Machine has achieved in its 81-year history. The most recent occurred in March 2017, when the company bought back stock owned by its parent to become an independent entity. “To continue our evolution, our company will change its name to ‘Shibaura Machine,’ and focus on providing customers with greater flexibility and responsiveness. We look forward to continuing our growth and industry-leading contributions to the markets we serve in the future,” he said.
Achieving these milestones over the years has been seamless, with no impact to the company’s operations, customers, shareholders, employees or business partners, nor to the value of Toshiba Machine’s stock (TOKYO: 6104). The same seamless transition is expected over the next year as the company makes a gradual shift to become Shibaura Machine.
Mr. Mikami stressed that even though the name is changing, the commitment remains the same. “Our goal as Shibaura Machine is to be a supplier of the highest quality machinery and systems, one that is well-positioned to grow and contribute to the global economy for decades to come,” he said.
For more information on the corporate name change, please contact the Injection Molding, Die Casting or Machine Tools Division of Toshiba Machine.
For more information, visit www.toshiba-machine.com.