Extraordinary Meeting of Shareholders Scheduled;
New Directors and Management Team Proposed
Osaka, Japan – September 29, 2015 – TOYO TIRE & RUBBER CO., LTD. (“the Company”; President:Takuji Yamamoto), at the regular meeting of the Board of Directors held today, (1) resolved to hold theExtraordinary Meeting of Shareholders, and (2) selected candidates for the Board to be approved at theExtraordinary Meeting of Shareholders.
1. The Extraordinary Meeting of Shareholders.
The Board of Directors resolved to hold the Extraordinary Meeting of Shareholders. (“Shareholders’Meeting”):
Date and Time: Thursday, November 12, 2015 at 10:00 a.m.
Location:
17-18, Edobori 1-chome , Nishi-ku, Osaka, 550-8661, Japan
Agenda:Election of six (6) new Directors
2. Candidates for Director and Executive Positions
Appointments are subject to approval at the Shareholders Meeting, and take effect November 12, 2015.
A. Candidate for Chairman, Director
Name
KatsumiKomaguchi
Note:

New Position
Chairman, Director (newly-appointed)

Mr. Katsumi Komaguchi will join the Company mid-October as Advisor, and following approvalat the Shareholders’ Meeting, is scheduled to become Chairman of the Board. He had until September
19, 2015, served as Representative Director and Deputy Chairman for Kyocera Document Solutions Inc.

B. Candidate for President, Representative Director
NameTakashiShimizu

Note:

New PositionPresident,
Representative Director,(newly-appointed)

Current Position

Current Duties

Senior Corporate Officer

General Manager
 Tire Planning Division,
Tire Business Group
Headquarters
 North America Business Unit
Deputy General Manager
 Administrative Division
Compliance Officer
 Tire Business GroupHeadquarters

Following his appointment as President at the Shareholders’ Meeting, Mr. Takashi Shimizu isscheduled to also become General Manager, Seismic Isolation Rubber Division.

C. New Director Candidates
Name

New Position

Koichi
OnoDirector,
Senior Corporate Officer

Current Position

Current Duties

Senior Corporate Officer

General Manager
 Tire R&D Division,
Tire Business Group
Headquarters
 Central Research Center

MasajiIshinoDirector,
Senior Corporate Officer

Senior Corporate Officer

Group Executive Officer -DT BusinessGeneral Manager
 -DT Strategy and Planning Dept.,
DT Business Group
Headquarters
Compliance Officer
 DT Business Group
Headquarters

TetsuoTataraDirector,Corporate Officer

Corporate Officer

General Manager
 Fundamental Technology Center Production Engineering CenterKenMorita

Outside Director

Note:

Not Applicable

Mr. Ken Morita, former Senior Managing Director of Panasonic Corporation, brings major
manufacturing expertise and knowledge in the area of quality assurance.

D. Resignation of Directors
Name

New Position

Sadao
Ichihara

Senior Corporate Officer

Takuji
Yamamoto

Note:

Special Advisor

Current Position

Current Duties

Director,
Senior Corporate
Officer

Deputy General Manager
 Seismic Isolation Rubber
Division

President,
Representative Director

Group Executive Officer
 Tire Business
General Manager, Seismic Isolation Rubber
Division

Mr. Takuji Yamamoto is scheduled to become Special Advisor to the General Manager for SeismicIsolation Rubber Division effective November 12, 2015.

3. Proposed Management TeamOn June 23, 2015, the Company announced it would be replacing the existing management to takeresponsibility for the seismic rubber product matter. The Company’s priority is to resolve the resulting issues assoon as possible. Additionally, there are demands for a thorough transformation of the corporate culture andcontinued business growth. The Board of Directors selected the proposed new management team based on thequalifications that were deemed necessary to lead the company in fulfilling these objectives.
Mr. Takashi Shimizu is an executive with a thorough understanding of the global tire business. With his
considerable resolve, determination, management skills and constitution, the Board of Directors believes hecan lead the Company through its current challenges.
To help guide the Company in resolving its current issues, the Board of Directors invited Mr. Katsumi
Komaguchi as Chairman to provide broad oversight. He is recognized for having successfully restructured amanufacturing company, and will draw on his unique management philosophy to bring about change of thecorporate culture. He will support the next President in order to direct a rebirth of the Company.

Profile of Katsumi Komaguchi
Date of Birth:

March 5, 1951

Birthplace:Taki-gun, Mie Prefecture, Japan

Career:March 1974
March 1986
April 2007
April 2013
April 2015

June 2015
September 2015
October 2015
November 2015

Graduated Faculty of Engineering, Chiba Institute of Technology
Joined KYOCERA Corporation
President and Representative Director, KYOCERA Mita Corporation
Director and Senior Managing Executive Officer, KYOCERA Corporation
Director, KYOCERA Corporation
Vice Chairman and Representative Director,KYOCERA Document Solutions Inc.
Resign Director, KYOCERA Corporation
Resign Vice Chairman and Representative Director, KYOCERA
Document Solutions Inc.
Advisor, Toyo Tire & Rubber Co., Ltd. (Scheduled)
Chairman, Director, Toyo Tire & Rubber Co., Ltd. (Proposed)

Profile of Takashi Shimizu
Date of Birth:

April 2, 1961

Birthplace:

Uji City, Kyoto Prefecture, Japan

Career:March 1985
April 1985
April 2010
March 2014

January 2015

July 2015

November 2015

Graduated Faculty of Economics, Doshisha University
Joined Toyo Tire & Rubber Co., Ltd.
President, Toyo Tire Holdings of Americas Inc.
Corporate Officer,General Manager• Tire Planning Division• Tire Administrative Dept.
• Europe Business UnitCorporate Officer,
General Manager• Tire Planning Division
Deputy General Manager• Administrative Division
Senior Corporate Officer,
General Manager• Tire Planning Division• North America Business Unit
Compliance Officer• Tire Business Group Headquarters
President, Representative Director (Proposed)

Corporate Communications Planning Dept.
Osaka Head office
Tokyo Branch officeTelephone: +81-6-6441-8803 Facsimile: +81-6-6446-1925
Telephone: +81-3-5822-6621 Facsimile: +81-3-3865-2240