April 13, 2020
To Whom It May Concern
Company Name:
Representative:

Listing:
Securities Code:Inquiries:

Telephone:

YONDOSHI HOLDINGS INC.
Saishi Kimura
Chairman and Representative
Director, CEOFirst Section, Tokyo Stock Exchange
8008
Masahiko Nishimura
Director and Executive Officer
responsible for Finance+81-3-5719-3429

Notice of Planned Changes in Representative Director and Management, theOrganizational Structure of a Major Subsidiary, and Personnel
YONDOSHI HOLDINGS INC. (hereafter “YONDOSHI HOLDINGS” or “the Company”)
decided to make certain changes in its representative director and management at a meeting ofits Board of Directors held on April 13, 2020. This decision is subject to the approval of anagenda item proposing the election of directors submitted during the Company’s 70th Annual
General Meeting of Shareholders, which is scheduled to be held on May 28, 2020. In addition,plans are also in place to change the organizational structure and personnel at a major subsidiary.
Brief details are presented as follows.
1. Change in Representative Director
2. Other Changes(1) Reason for the Change
In changing its representative director, YONDOSHI HOLDINGS is looking to upgrade
its Group strategy and further enhance the corporate value of the Group by increasing
its ability to adapt to changes in its operating environment and optimize allocation ofmanagements resources.
(2) Details of the Changei. Candidate for new appointment
New Position

Name

President and Representative
Director, COO

Tohru Hirota
1

Current Position
Director & Senior Managing
Executive Officer
The Hiroshima Bank, Ltd.

Notes:
1. Mr. Hirota is scheduled to take office as an advisor to the Company from May 1, 2020.
2. Mr. Hirota is scheduled to take office as a director at F.D.C. Products Inc., which islargely responsible for the YONDOSHI HOLDINGS Group’s Jewelry Business, fromMay 1, 2020.
ii. Officer scheduled to retire
Current Position

Name

President and Representative
Director, COO

Akihiro Takiguchi

Notes:
1. Mr. Takiguchi is expected to resign as a director at the conclusion of the Company’s
Annual General Meeting of Shareholders, which is scheduled to be held on May 28,
2020.
2. Mr. Takiguchi will take office and serve exclusively as the representative director andpresident of F.D.C. Products Inc., which is largely responsible for the YONDOSHIHOLDINGS Group’s Jewelry Business.
(3) Name and Career Summary of the Newly Appointed Representative Director
Name
Date ofBirth
Birthplace
Educational
Background
CareerSummary

Tohru Hirota
January 8, 1958
Hiroshima Prefecture
March 1981
Faculty of Business Administration, Hosei University
April 1981

Joined the Hiroshima Bank, Ltd.

April 2008
April 2010
April 2012

General Manager, Otemachi Branch
Executive Officer; General Manager, Imabari BranchManaging Executive Officer; General Manager, Imabari
BranchManaging Director; General Manager, Eastern Area
Headquarters
Managing Director
Director & Senior Managing Executive Officer (currentposition)

June 2013
April 2015
June 2015

No. of Shares Owned: ― shares
2.

Other Changes(1) Scheduled Retirement of a Director (Excluding Audit/Supervisory Committee Member)
Name
Hidenori Suzuki
Notes:
1. Mr. Suzuki is expected to resign as a director at the conclusion of the Company’s
Annual General Meeting of Shareholders, which is scheduled to be held on May 28,22020.
2. Mr. Suzuki will take office and serve exclusively as a director and advisor of F.D.C.
Products Inc., which is largely responsible for the YONDOSHI HOLDINGS Group’sJewelry Business.
(2) Candidate for New Appointment as a Director and Audit/Supervisory Committee
MemberName

Nobuko Nagafusa

Lawyer, Kotohira Partners

Notes:
1. Ms. Nagafusa is a candidate for the position of external director and independent
officer regarding takeover defense measures.
2. While Ms. Nagafusa changed her registered name following her marriage, work as alawyer is conducted under her maiden name, Nobuko Kitagawa.
(3) Scheduled Retirement of a Director and Audit/Supervisory Committee Member
Name
Seisui Kamigaki
Notes:
1. Mr. Kamigaki serves as an external director and independent officer regarding
takeover defense measures.
2. Mr. Kamigaki is expected to resign as an external director and independent officer
regarding takeover defense measures at the conclusion of the Company’s Annual
General Meeting of Shareholders, which is scheduled to be held on May 28, 2020.

3.

Changes in the Organizational Structure and Personnel of a Subsidiary Company
F.D.C. Products Inc.
(1) Change in Organizational Structurei. Details of the Change in Organizational Structure
The decision has been made to abolish the positions of CEO and COO.
ii. Reason for the Change in Organization Structure
In changing its organizational structure, YONDOSHI HOLDINGS is looking to place
the mainstay Jewelry Business on a growth trajectory by strengthening management,clarifying the organizational structure of the Group centered on a divisional system
and increasing profitability.
iii. Detail of the Change in Personnel
New Position

Name

Current Position

Saishi Kimura

Chairman and Representative
Director, CEO

Chairman andRepresentative Director

3President andRepresentative Director

Akihiro Takiguchi

President and Representative
Director, COO

iv. Date of Change in Organizational Structure (Planned)
May 14, 2020
(2) Other Changei. Candidate for New Appointment as a DirectorNameTohru Hirota

Director & Senior Managing Executive Officer,
The Hiroshima Bank, Ltd.

ii. Date of Change in Organizational Structure (Planned)

May 1, 20204