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Toyo Denki Seizo K.K.
Kenzo Terashima, President
1st Section of the Tokyo Stock Exchange
6505
Yoshifumi Otsubo
Operating Officer, General Manager
Management Planning Division
TEL.: +81-3-5202-8122

Toyo Denki Seizo Announces Details regarding Change of Officers
Tokyo, Japan, July 10, 2014—Toyo Denki Seizo K.K. (hereinafter Toyo Denki) today announced
that the meeting of the Board of Directors held on July 10, 2014 unofficially decided on new
candidates for director and auditor, and the retiring auditors. The changes are scheduled to beofficially decided at the 153rd Ordinary General Meeting of Shareholders to be held on August 27,
2014. In addition, the Board of Directors unofficially decided on the executive directors and operating
officers scheduled to be officially decided at the meeting of the Board of Directors to be held after the153rd Ordinary General Meeting of Shareholders. The details of the changes are as follows.

1. Change of Directors and Auditors(1) Candidate for New Director
Name
New position
Kenichi GotohDirector

Current position
Operating Officer; Division Director ofTransportation Business Unit

(2) Candidates for New Auditors
NameNew position
Hiroshi Hamao
Standing Statutory Auditor
Eiichi Suzuki
Statutory Auditor

Current position
Advisor, Viewcard Co., Ltd.
Former Managing Director of Nintendo Co., Ltd.

Note: Both of the above candidate auditors are candidates for outside company auditor as prescribed in Paragraph (xvi)of Article 2 of the Companies Act.

(3) Retiring Auditors
Name
Current position
Kazuya Otake
Standing Statutory Auditor
Rikio Takezawa
Statutory Auditor
Note: The terms of office of both of the above auditors end at the conclusion of the 153rd Ordinary General Meeting ofShareholders.

(4) Executive Directors
NameYoshio Hosoda
Hiroshi Shimotakahara
Masami Tsuchiya

New position
Senior Managing Director
Managing Director
Managing Director

1

Current position
Managing DirectorDirectorDirector

2. Change of Officers(1) Newly appointed operating officers
Name
New position
Toshihiko Akihiro Operating Officer
Kenji Tanimoto
Operating Officer
Tetsuto Iwaki
Operating Officer(2) Retiring operating officers
Name
Current position
Kenichi Gotoh
Operating Officer
Shinya Koizumi
Ryoichi Kaneko

Operating Officer
Operating Officer

Current position
General Manager, IT Business Unit
General Manager, Financial Affairs Division
General Manager, General Affairs Division

To be appointed Director of the Company as describedin 1. (1)To be appointed President of Taihei Electric Co., Ltd.
To be appointed Director of Toyokouki, Co., Ltd.

The areas of responsibility and duties of the directors and operating officers will be determined at
the meeting of Board of Directors following the General Meeting of Shareholders.

Reference
The organization of directors and officers after the 153rd Ordinary General Meeting of Shareholders isscheduled to be as follows.
Directors
Chairman, Representative Director
President, Representative Director
Senior Managing Director
Managing Director
Managing Director
DirectorDirector
Director

Hiroshi Tsuchida
Kenzo Terashima
Yoshio Hosoda
Hiroshi Shimotakahara
Masami Tsuchiya
Yoshihiko Yoshino
Hiroyuki Arai
Kenichi Gotoh

Auditors
Standing Statutory Auditor
Standing Statutory Auditor
Statutory Auditor
Statutory Auditor

Akira Isogai
Hiroshi Hamao
Toshio Ikeda
Eiichi Suzuki

Operating Officers
Operating Officer
Operating Officer
Operating Officer
Operating Officer
Operating Officer
Operating Officer
Operating Officer
Operating Officer
Operating Officer

Hisashi Sone
Hitoshi Katayama
Shuji Horie
Yoshifumi Otsubo
Isami Takase
Akihiko Ishii
Toshihiko Akihiro
Kenji Tanimoto
Tetsuto Iwaki

2