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Toyo Denki Seizo K.K.
Kenzo Terashima, President
1st Section of the Tokyo Stock Exchange
6505
Toshinori Yamai
General Manager, General Affairs DivisionTEL.: +81-3-5202-8121

Toyo Denki Announces Change of Representative Directors and Officers
Tokyo, Japan, August 26, 2016 — 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 made by the Board on July 12, 2016.

1. Appointments to the Board of Directors and Their Areas of Responsibility
Effective August 26, 2016
Name(Changes are underlined)

New Position/
Area of Responsibility

Former Position/
Area of Responsibility

Kenzo
Terashima

President, Representative
President, Representative
Director, with responsibility for Director, with responsibility forinternal auditing
internal auditing

MasamiTsuchiya

Senior Managing Director,
Representative Director, SpecialAssistant to the President, withresponsibility for international
business strategy, industrialsystems, business development,
and Ryuo Factory Integration
Division

Senior Managing Director,
Representative Director,
General Manager of Industry
Business Unit, SpecialAssistant to the President, withresponsibility for international
business strategy

Senior Managing Director, withresponsibility for internal
Hiroshi
control, management planning,
Shimotakaharagroup companies, and legalcompliance

Senior Managing Director,
with responsibility for internal
control, management planning,group companies, legal
compliance, and businessdevelopment

Director, General Manager ofTransportation Business Unit,
Director, Research Laboratory
with responsibility forDirector, with responsibility for
Hiroyuki Arai
intellectual property,
intellectual property, technology,
information equipment
research, and development
systems, technology, research,and development
1Promotion/NewAppointment

New Position/
Area of Responsibility

Name

Former Position/
Area of Responsibility

Director, General Manager of
Yokohama Works, withresponsibility for security trade
Kenichi Gotoh management, qualitymanagement, environmental
management, production, andpurchasing

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

Director, General Manager of
Human Resources Department,
Akihiko Ishii
with responsibility for generalaffairs and financeDirector, General Manager of
Human Resources Department,with responsibility for generalaffairs and finance

Akira
Watanabe

Director, General Manager ofTransportation Business Unit,
with responsibility for
information equipment systems

Operating Officer, General
Manager of Management
Planning Division

Hirokazu
ChinoneOutside Director

Outside Director

Takashi
Yamagishi

Outside Director―Note 1.

Promotion/New
Appointment

Newly appointed

Newly appointed

Former Director and Advisor Hiroshi Tsuchida has been appointed as Special Advisor.
Toyo Denki expresses its sincere gratitude for the dedication he has shown throughout hiscareer to date with the Company.

2. Appointments of Operating Officers and Their Areas of Responsibility
Effective August 26, 2016
Name/Position(Changes are underlined)
New Area ofResponsibility

Former Area ofResponsibility

Promotion/New
Appointment

President of Toyo Denki(Beijing) Co., Ltd.,
President of Beijing
Shuji Horie
President of Beijing Jingche Jingche Shuangyang
Senior Operating Officer
Shuangyang Traction
Traction System Co., Ltd.
System Co., Ltd.
General Manager of Ryuo
Factory Integration
Division, Deputy General
Senior Operating Officer
Manager of Industry
Business Unit
Yoshifumi Otsubo

Kenji Tanimoto

General Manager of Osaka
Senior Operating Officer Branch
2General Manager of Ryuo
Factory Integration
Division, General
Manager of Osaka Branch
General Manager ofPromoted
Financial Affairs Division

Name/Position

New Area ofResponsibility

Former Area ofResponsibility

Promotion/New
Appointment

General Manager of
Deputy General Manager
Industry Business Unit,
Yuji Nagano
of Industry Business Unit;
Deputy General Manager ofPromoted
Senior Operating Officer
Works Manager, Industry
Ryuo Factory Integration
Business Unit
Division
Isami Takase
Operating Officer
Toshihiko Akihiro
Operating Officer
Tetsuto Iwaki
Operating Officer

Yukimasa Tanabe
Operating Officer

Director, TOYO DENKI
USA, INC.

Chairman, TOYO DENKI
USA, INC.

General Manager of IT
Business Unit; GeneralGeneral Manager of IT
Manager of Information
Business Unit
Systems Planning Division,
IT Business Unit
General Manager ofFinancial Affairs Division

General Manager ofGeneral Affairs Division

General Manager ofNagoya Branch; General
Manager of Nagoya Sales
Division, Domestic Sales
Division, Industry BusinessUnit

General Manager of
Osaka Sales Division,
Nagoya Sales Divisionand Hiroshima Sales
Office, Domestic Sales
Division, Industry
Business Unit

Newly
appointed

Note 1.

Based on Company regulations, the term of office for the Operating Officers shall be oneyear starting from August 27, 2016 until the 156th Ordinary General Meeting ofShareholders scheduled for August 2017.

Note 2.

Former Operating Officer Akira Watanabe has been appointed as Director.
Former Operating Officer Hitoshi Katayama has retired from that role and been
appointed as Senior Managing Director of Toyo Sangyou Co., Ltd. Toyo Denki expresses
its sincere gratitude for the dedication he has shown throughout his career to date with theCompany.

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