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Toyo Denki Seizo K.K.
Kenzo Terashima, President
1st Section of the Tokyo Stock Exchange
6505
Tetsuto Iwaki
Operating Officer; General Manager,General Affairs Division
TEL.: +81-3-5202-8121

Toyo Denki Announces Change of Representative Directors and Officers
Tokyo, Japan, August 27, 2015 — Toyo Denki Seizo K.K. (hereinafter Toyo Denki) today
announced that the meeting of the Board of Directors held today officially decided on the following
appointments of representative directors, directors and operating officers of the Company. Thesechanges are the same as the unofficial announcement by the Board on July 10, 2015.
1. Appointments to the Board of Directors and Their Areas of Responsibility
Effective August 27, 2015

(Changes are underlined)

Name

New Position/
Area of Responsibility

Former Position/
Area of Responsibility

Kenzo
Terashima

President, Representative
Director, with responsibility
for internal auditing

President, RepresentativeDirector, with responsibility
for internal auditing

MasamiTsuchiya

Senior Managing Director,
Representative Director,
General Manager of Industry
Business Unit, Special
Assistant to the President,with responsibility forinternational business strategy

Managing Director, General
Manager of Industry BusinessUnit, with responsibility forhuman resources andinternational business strategy

Promoted

Hiroshi
Shimotakahara

Senior Managing Director,
with responsibility for internal
control, management
planning, group companies,
legal compliance, andbusiness development

Managing Director, withresponsibility for
management planning, legalcompliance, finance, internal
control, and businessdevelopment

PromotedDirector, Advisor

Representative Director,
Chairman(Chairman of the Board)

Director, General Manager ofTransportation Business Unit,
with responsibility for
intellectual property,
information systems
equipment, technology,
research, and development

Director, General Manager ofTransportation Business Unit

HiroshiTsuchida

Hiroyuki Arai1Promotion/NewAppointment

Name

New Position/
Area of Responsibility

Former Position/
Area of Responsibility

Kenichi Gotoh

Director, General Manager of
Yokohama Works, withresponsibility for security
trade management, qualitymanagement, environmentalmanagement, production, andpurchasing

Director, General Manager of
Yokohama Works, withresponsibility for production,purchasing, and quality andenvironmental management

Akihiko Ishii

Director, General Manager of
Human Resources
Department, withresponsibility for generalaffairs and financeOperating Officer, General
Manager of Human ResourcesDepartment

Hirokazu
ChinonePromotion/NewAppointment

Newlyappointed

Newlyappointed

Outside Director

Note 1. Former Senior Managing Director Yoshio Hosoda has been appointed as Senior Executive
Engineer and Director of the Research Laboratory, while former Director Yoshihiko
Yoshino has been appointed as Standing Statutory Auditor. Toyo Denki expresses its
sincere gratitude for the dedication they have shown throughout their careers to date withthe Company.

2. Appointments of Operating Officers and Their Areas of Responsibility
Effective August 27, 2015

(Changes are underlined)

Name

New Position/
Area of Responsibility

Former Position/
Area of Responsibility

Promotion/New
Appointment

Shuji Horie

Senior Operating Officer,
President of Beijing Jingche
Shuangyang Traction SystemCo., Ltd.

Operating Officer, Presidentof Beijing Jingche
Shuangyang Traction SystemCo., Ltd.

Promoted

Yoshifumi
OtsuboSenior Operating Officer,
General Manager of Osaka
BranchOperating Officer, General
Manager of Management
Planning Division

Promoted

Hitoshi
Katayama

Operating Officer, General
Manager of Nagoya Branch

Operating Officer, General
Manager of Nagoya Branch

Reappointed

Isami Takase

Operating Officer, Chairmanof TOYO DENKI USA, INC.

Operating Officer, General
Manager of Osaka Branch

Reappointed

ToshihikoAkihiro

Operating Officer, General
Manager of IT Business Unit

Operating Officer, General
Manager of IT Business Unit

Reappointed2NameNew Position/
Area of Responsibility

Former Position/
Area of Responsibility

Promotion/New
Appointment

Kenji
Tanimoto

Operating Officer, General
Manager of Financial Affairs
Division

Operating Officer, General
Manager of Financial Affairs
Division

Reappointed

Tetsuto Iwaki

Operating Officer, General
Manager of General Affairs
Division

Operating Officer, General
Manager of General Affairs
Division

Reappointed

Akira
Watanabe

Operating Officer, General
Manager of Management
Planning Division

General Manager of Business
Development Division andAssistant to General Managerof Management Planning
DivisionNewlyappointed

Yuji Nagano

Operating Officer; Deputy
General Manager of Industry
Business Unit: and WorksManager, Industry Business
Unit

Works Manager, Industry
Business Unit

Newlyappointed

Note 1. Based on company regulations, the term of office for the Operating Officers shall be one
year starting from August 27, 2015 until the 155th Ordinary General Meeting ofShareholders scheduled for August 2016.
Note 2. Former Operating Officer Akihiko Ishii has been appointed as Director. Moreover, former
Operating Officer Hisashi Sone has retired from that role and been appointed as Presidentof Toyo Denki (Beijing) Co., Ltd. Toyo Denki expresses its sincere gratitude for thededication they have shown throughout their careers to date with the Company.

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