JM flower on mature branch tips. You air layered off the mother tree's mature branch tips. This is why your air layer is flowering and the mother tree is not. It will take a couple of years for the mother tree to produce the branching for it to start flowering again.
I see this all the time when I air layer JM's.
@RKMcGinnis Trees flower on mature branches or on the tips of mature branches. When you air layered those branches off your 'Shishigashira' you took those mature branches that are capable of producing flowers. The mother tree now doesn't have the mature branches to produce flowers.
If you have fruit trees it's easier to relate this to. Apples, cherries, pears etc..... bear flowers off of spurs. Spurs are only produced on mature branches or tips of mature branches, typically 1-2yrs old. If you cut those mature branches off you will not get the flowers to produce the fruit. That's why it's important that one doesn't go buck wild pruning everything off fruit trees. If you do it will take a couple of years for the fruit tree to produce new shoots that later become mature branches to set the spurs.
Same goes for your 'Shishigashira' it will need to produce new shoots. These shoots will later become mature branches that will be capable of producing flowers. If your mother tree still has branches those will eventually mature to produce flowers.