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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 Seizo Announces Details regarding Change of Representative Directors and Officers
Tokyo, Japan, July 10, 2015 — Toyo Denki Seizo K.K. (hereinafter Toyo Denki) today announced
that the meeting of the Board of Directors held on July 10, 2015 unofficially decided on thefollowing changes to the Company’s representative directors, directors, auditors and operating
officers. The changes are scheduled to be officially decided at the 154th Ordinary General Meetingof Shareholders, which will be held on August 27, 2015, and the meeting of the Board of Directors
to be held after it.
1. Change of Representative Directors(1) Reason for Change
To strengthen management system(2) Change Details
Name
Hiroshi Tsuchida
Masami Tsuchiya

New position
Director, Advisor
Representative Director,
Senior Managing Director

Current position
Representative Director, Chairman
Managing Director

2. Change of Directors(1) Newly appointed senior directors
NameNew position
Masami Tsuchiya
Representative Director,Senior Managing Director
Hiroshi Shimotakahara Senior Managing Director(2) Newly appointed directors
NameNew position
Akihiko Ishii
Director
Hirokazu Chinone

Managing Director

Current position
Operating Officer; General Manager,
Human Resources Division
Attorney at law

Outside Director(3) Retiring directors (and scheduled new appointments)
Name
Current position
Yoshio Hosoda
Senior Managing Director

Yoshihiko Yoshino

Current position
Managing Director

Director

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To be appointed a senior executiveengineer (delegated by the director ofthe research institute)
To be appointed a statutory auditor ofToyo Denki3. Change of Auditors(1) Newly appointed auditorName
New position
Yoshihiko Yoshino
Statutory Auditor(2) Retiring auditor
Name
Akira Isogai

Current position
Director

Current position
Standing Statutory Auditor

4. Change of Operating Officers(1) Newly appointed senior operating officers
Name
New position
Shuji Horie
Senior Operating Officer

Yoshifumi Otsubo

Senior Operating Officer(2) Newly appointed operating officers
Name
New position
Akira Watabe
Operating Officer
Yuji Nagano

Current position
Operating Officer; President, Beijing
Jingche Shuangyang Traction SystemCo., Ltd.
Operating Officer; General Manager,
Management Planning Division

Current position
General Manager, Business
Development Division
Works Manager, Industry Business
Unit

Operating Officer(3) Retiring operating officers (and scheduled new appointments)
Name
Current position
Hisashi Sone
Operating Officer
To be appointed President, Toyo
Denki (Beijing) 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.
5. OtherSee Appendix 1 for the career summary of the new Representative Director, Senior ManagingDirector.
See Appendix 2 for the career summary of the new Outside Director.

2The organization of directors and officers after the 154th Ordinary General Meeting of Shareholders
is scheduled to be as follows.
Directors
President, Representative Director

Kenzo Terashima

Senior Managing Director, Representative Director

Masami Tsuchiya

Senior Managing Director

Hiroshi Shimotakahara

Director, Advisor

Hiroshi TsuchidaDirector

Hiroyuki Arai

Director

Kenichi Gotoh

Director

Akihiko Ishii

Outside Director

Hirokazu Chinone

Auditors
Standing Statutory Auditor

Hiroshi Hamao

Statutory Auditor

Yoshihiko Yoshino

Statutory AuditorToshio Ikeda

Statutory Auditor

Eiichi Suzuki

Operating Officers
Senior Operating Officer

Shuji Horie

Senior Operating Officer

Yoshifumi Otsubo

Operating Officer

Hitoshi Katayama

Operating Officer

Isami Takase

Operating Officer

Toshihiko Akihiro

Operating Officer

Kenji Tanimoto

Operating Officer

Tetsuto Iwaki

Operating Officer

Akira Watanabe

Operating Officer

Yuji Nagano

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(Appendix 1)
Career Summary
Name

Masami Tsuchiya

Date of birth

July 4, 1951

Education
March 1975

Graduated Faculty of Engineering, Tokyo University of Science

Major positions
April 1975

Joined Toyo Denki Seizo K.K.

December 1995

Chief Engineer of Railroad Factory, Sagami Works

September 2001

Deputy Manager of Overseas Sales Department, Transportation
System Business Unit

June 2002

General Manager of Overseas Sales Group, Transportation SystemBusiness Unit

January 2004

Assigned to Hunan Xiangyang Electric Co., Ltd. (China)

August 2008

Operating Officer; Deputy General Manager of Transportation
Business Division

August 2010

Senior Operating Officer; Deputy General Manager of Transportation
Business Division

August 2011

Director in charge of production, engineering and R&D, quality
management, environmental management, security export
management, purchasing, and China business promotion; GeneralManager of Yokohama Works; General Manager of Corporate
Quality Management DivisionAugust 2012

Director in charge of China business promotion; General Manager ofIndustry Business Unit

August 2013

Director in charge of human resources and international strategies;
General Manager of Industry Business Unit

August 2014

Managing Director in charge of human resources and international
strategies; General Manager of Industry Business Unit (positioncurrently held)

Number of shares owned

24,0324

(Appendix 2)Career Summary
Name

Hirokazu Chinone

Date of birth

March 1, 1944

Education
September 1966

Passed second bar exam

March 1966

Graduated Faculty of Law, The University of Tokyo

Major positions
April 1967

Legal apprenticeApril 1969

Completed judicial training, registered as an attorney (Daini TokyoBar Association)

May 1982

Founded law firm Chinone & Sunohara

April 1986 – March 1989

Criminal defense instructor at the Legal Training and ResearchInstitute of Japan, Supreme Court of Japan

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