May 13, 2022
Company Name: Nihon Dempa Kogyo Co., Ltd.
Representative: Hiromi Katoh, Representative Director and President(Code: 6779 Tokyo Stock Exchange, Prime Market)
Contact:
Yuzuru Takeuchi, Senior Corporate Officer and General Manager ofAdministration Division(Phone: +81-3-5453-6711)
Change of Accounting Auditor
Nihon Dempa Kogyo Co., Ltd. (“NDK” or “we”) hereby announces that the Board ofCorporate Auditors of NDK, at its meeting held on May 13, 2022, passed a resolution that
NDK would change its accounting auditor responsible for performing the audit
certification of NDK required under Article 193-2, Paragraphs 1 and 2 of the Financial
Instruments and Exchange Act, and that the Board of Directors of NDK, at its meeting
held on the same day, passed a resolution that NDK would submit, to the 81st Ordinary
General Meeting of Shareholders scheduled to be held on June 28, 2022, an agenda
regarding such change of accounting auditor as a proposal titled “Matters concerning
appointment of accounting auditor.”
The details are as follows:
1. Date of Change

June 28, 2022 (Scheduled date for the 81st Ordinary General Meeting of Shareholders)
2. Overview of Accounting Auditor to be Appointed and Accounting Auditor to Retire(1) Overview of Accounting Auditor to be Appointed(ⅰ)

Company name(ⅱ)

Address

Grant Thornton Taiyo LLC
1-2-7, Motoakasaka, Minato-ku,
Tokyo(ⅲ)

Names of engagement partners

Tetsuya Ishihara
Jun Ono(ⅳ)

Status under the Japanese Institute ofCertified Public Accountants’registration system for listed company
audit firms

Registered(2) Overview of Accounting Auditor to Retire(ⅰ)

Company name

KPMG AZSA LLC(ⅱ)

Address

1-2, Tsukudo-cho, Shinjuku-ku,Tokyo(ⅲ)

Names of engagement partners

Yoshiteru Yamamoto
Shisei Ido

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3. Reason for Appointing Firm Described in “2.(1) Overview of Accounting Auditor tobe Appointed” as a Candidate Accounting Auditor.
The reason for that the Board of Corporate Auditors determined Grant Thornton Taiyo
LLC to be a candidate accounting auditor is that the Board of Corporate Auditors
judged that Grant Thornton Taiyo LLC is suitable as the accounting auditor of NDK
after comprehensively considering its expertise, independence, quality control systems,
global audit systems and audit fee standards, etc. as an accounting auditor.
4. Date of Appointment of Accounting Auditor to Retire

August 15, 1974
5. Opinion or Comment on Audit Reports, Etc. Prepared by Accounting Auditor to Retirein the Past Three Years
Not applicable.
6. Reason for, and Background of, Determination of Change or Change

The term of office of KPMG AZSA LLC as the accounting auditor of NDK will expire
upon the conclusion of the 81st Ordinary General Meeting of Shareholders to be heldon June 28, 2022. Upon its expiration, we comprehensively considered the duration ofaudits by KPMG AZSA LLC for an extended period and the appropriateness of audit
fee and compared with several accounting firms. As a result, we have decided toappoint Grant Thornton Taiyo LLC as a new accounting auditor as stated in “3. Reason
for Appointing Firm Described in “2.(1) Overview of Accounting Auditor to beAppointed” as a Candidate Accounting Auditor” above.
7. Comments on “6. Reason for, and Background of, Determination of Change or Change”

above(1) Comments of Accounting Auditor to Retire
We have received a response that there is no particular comment on the matter.
(2) Comments of the Board of Corporate Auditors

The Board of Corporate Auditors has judged the contemplated change ofaccounting auditor as appropriate.
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