PRESSRELEASE
Announcement of Changes to Organizational Structure,Assignments for Executives, and Personnel Changes
Hyogo, Japan - May 26, 2022 - Toyo Tire Corporation (President & CEO: Takashi Shimizu;
hereinafter, "Toyo Tire") announces the following changes to its organizational structure, assignments
for executives, and personnel changes.
1． Changes to Organizational Structure and Trade Name of Consolidated Subsidiary (June 2022)
As part of the ongoing Mid-Term Business Plan, "Mid-Term '21," Toyo Tire has established a plantin Serbia, which is responsible for the production and supply of cost-competitive products, with aview toward bolstering supply to the North American market and maximizing the advantages ofthe "local production for local consumption" approach in the European market.
Accordingly, Toyo Tire Europe GmbH, which has served as the sales vehicle and sales
headquarters in Europe, will be reorganized into a holding company in Europe with the Serbian
plant under its umbrella with a new trade name in June 2022, with the intent of acting promptly,
advancing business operations, and strengthening governance in Europe.
Company ProfileTrade NameLocation
Paid-in CapitalToyo Tire Holdings of Europe GmbH(formerly known as Toyo Tire Europe GmbH)
Willich, North Rhine-Westphalia, Federal Republic ofGermany
164 million Euro

2． Organizational Structure Changes
The following changes to the organizational structure will take effect on June 1, 2022.
1) R&D Headquarters (Transfer of organization between headquarters)
In order to facilitate the interaction between advanced/fundamental technologies andproduction technology and to enhance technology development capabilities, the Production
Engineering Division will be transferred from the Production Headquarters to the R&DHeadquarters.
2) Sales Headquarters (Establishment of a department)
As part of the initiative to rebuild the sales business for the Japanese market, the Japan Sales
Department will be established under the Asia & Oceania Sales Division.

3． Changes of Assignments for Executives
The following changes to assignments for executives will take effect on June 1 and July 1, 2022,
respectively.
I. Director
1) Change of Assignments (effective July 1, 2022)
Name
Current positions
Director, Corporate Officer
Yoji Imura

New positions
Director, Corporate Officer

Vice President,President,

Quality Assurance, Environment & Safety

Toyo Tire Serbia LLC

Headquarters
II. Corporate Officers
1) Change of Assignments (effective June 1, 2022)
Name
Current positions
Corporate Officer
Kenta
Kuribayashi

New positions
Corporate Officer

President,President,

Toyo Tire Europe GmbH

Toyo Tire Holdings of Europe GmbH

President,

President,

Toyo Tire Serbia LLC

Toyo Tire Serbia LLC

2) Change of Assignments (effective July 1, 2022)
Name
Current positions
Corporate Officer

New positions
Corporate Officer

Division General Manager,

Vice President,

Quality Assurance Division,

Quality Assurance, Environment & Safety

Hideaki

Quality Assurance, Environment & Safety

Headquarters

Takahashi

Headquarters

Division General Manager,Quality Assurance Division,
Quality Assurance, Environment & Safety
Headquarters

Kenta
Kuribayashi

Corporate Officer

Corporate Officer

President,

President,

Toyo Tire Holdings of Europe GmbH

Toyo Tire Holdings of Europe GmbHPresident,
Toyo Tire Serbia LLC

4． Personnel Changes
The following personnel changes will take effect on June 1 and July 1, 2022, respectively.
1) Personnel Changes (effective June 1, 2022)
Name
Current positions
Assistant to Division General Manager,

New positions

Corporate Administration Division
Yuu
Kobayashi

Deputy General Manager,

Executive Vice President & CFO & CIO,

Accounting Dept.

Toyo Tire Holdings of Europe GmbH

Europe Project Development Dept.,
International Production Division
Division General Manager,
IchiroDivision General Manager,

Central Research Center

Shima

Central Research Center

Division General Manager,
Production Engineering Division
Division General Manager,

YutakaNozaki

Division General Manager,
Customer Relations Division, Seismic
Rubber Task Force Headquarters

Customer Relations Division, Seismic
Rubber Task Force Headquarters
General Manager,
Japan Sales Dept.,
Asia & Oceania Sales Division

2) Personnel Change (effective July 1, 2022)
Name
Current positions

AtsushiMaterials Development Dept.,

Tsuruta

Technology Development Division

Head office
Tokyo office

New positions
General Manager,
Process Design Development Dept.,
International Production DivisionCorporate Communications Department
Telephone: +81-72-789-9110 Facsimile: +81-72-773-3272
Telephone: +81-3-5780-8158 Facsimile: +81-3-5780-8159