[Translation]
February 13, 2019
Company Name OYO Corporation
Representative President & CEO Masaru Narita(Code number 9755)
Contact person Director & Senior Executive Officer
Head of Administration Headquarters
Yuichi Hirashima(TEL. 03-5577-4501)

Notice of the appointment of candidates for Directors, candidates for Corporate
Auditors, and candidates for Substitute Corporate Auditors
OYO Corporation (the “Company”) announces that candidates for directors, candidates for statutory auditors, andcandidates for substitute statutory auditors are appointed as described below at the meeting of Board of Directors
held today. Those candidates will be proposed to the 62nd Annual General Meeting of Shareholders, which isscheduled to be held on March 27, 2019, and to the meeting of Board of Directors, which is scheduled on the sameday.

1. Appointment of candidates for directors, corporate auditors, and substitute corporate auditors
Name

Masaru Narita

Type of Directors
and Auditors

TypeMajor new job titles

Representative
Reappointment Same as right
Director,
President & CEO

Major current job titles
Representative Director, President & CEO

Yuichi Hirashima Director

Reappointment Same as right

Director, Senior Managing Executive Officer,
Head of Administration Headquarters

Jun Shigenobu

Director

Reappointment Same as right

Director, Senior Executive Officer,
Head of Production ManagementHeadquarters

Kenji SatoDirector

Reappointment Same as right

Director, Senior Executive Officer,
Head of Business Promotion Headquarters

Hirofumi Amano

Director

Reappointment Same as right

Director, Senior Executive Officer,
Head of IT Innovation Planning Headquarters

Reappointment Same as right

Chairman of the New Energy Foundation(Representative Director)
Outside Director and member of theNomination and Compensation Advisory
Committee of the Company

Reappointment Same as rightOutside Director of XEBIO HOLDINGS
CO., LTD.
Outside Directors and member of theNominating and Compensation Advisory
Committee of the Company

Kaoru Nakamura

Michihiko Ota

Shoji Osaki

Shinichi Kagawa

Jun Naito

Outside Director

Outside Director

Outside Director

New
appointment

Outside Director,
member of theNomination andCompensation
Advisory Committee

Statutory
CorporateAuditor

During theterm

Same as right

Statutory Corporate Auditor

Same as rightAttorney of Nagashima Ohno & Tsunematsu
Outside Corporate Auditor of INNOTECHCORPORATION
Outside Corporate Auditor and observer ofthe Nomination and Compensation Advisory
Committee of the Company

CorporateAuditor

Reappointment

Statutory Corporate Auditor of SAPPOROHOLDINGS LIMITEDTadahi Sakai

CorporateAuditor

Hisashi Ito

SubstituteCorporateAuditor

SubstituteTatsuro Matsushita CorporateAuditor

Same as right

Statutory Corporate Auditor of TANAKAHOLDINGS Co., Ltd.
Outside Corporate Auditor of DC Co., Ltd.
Outside Corporate Auditors and observer of
the Nomination and Compensation Advisory
Committee of the Company

Reappointment

Same as rightPartner of Abe, Ikubo & Katayama
Director (Audit & Supervisory Committee
Member) of KUNIMINE INDUSTRIES CO.,LTD.
Substitute Corporate Auditor of the Company

Newappointment

Executive Officer,Head of Compliance
OfficeSubstitute Corporate
AuditorExecutive Officer, Head of Compliance
OfficeReappointment※ The selection of the candidates above is based on the report from the Nomination and Compensation Advisory Committee, which
is a voluntary advisory body of the Board of Directors of the Company.
※ Mr. Kaoru Nakamura, Mr. Michihiko Ota, and Mr. Shoji Osaki are candidates for Outside Directors stipulated in Article 2,Paragraph 3, Item (vii) of the Ordinance for Enforcement of the Companies Act.
※ Mr. Jun Naito and Mr. Tadashi Sakai are candidates for Outside Corporate Auditors stipulated in Article 2, Paragraph 3, Item(viii) of the Ordinance for Enforcement of the Companies Act.
※ The Company will continue to register Mr. Kaoru Nakamura, Mr. Michihiko Ota, Mr. Jun Naito, and Mr. Tadashi Sakai as
Independent Directors/Auditors as stipulated by regulations of the Tokyo Stock Exchange.
※ The Company will register Mr. Shoji Osaki as an Independent Director as stipulated by regulations of the Tokyo Stock Exchange.
※ Mr. Kazunori Yagi, an Outside Director for the 62nd fiscal year, will retire at the 62nd Annual General Meeting of Shareholders
scheduled to be held on March 27, 2019.
※ Mr. Noboru Nagao, Statutory Corporate Auditor, will retire at the 62nd Annual General Meeting of Shareholders scheduled tobe held on March 27, 2019, and is scheduled to become an advisor.

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