May 12, 2016
Company name: Tokuyama Corporation
Representative name: Hiroshi Yokota,President and Representative Director(Code No. 4043, First Section TSE)
Contact: Taro Kobayashi, General Manager
Corporate Communications & Investor Relations Dept.
TEL: +81-3-5207-2552
Notice concerning a Change in Accounting Auditor
Tokuyama Corporation (hereafter referred to as “Tokuyama” or “the Company”) today announced detailsof its decision to table a proposal regarding the “Selection and Appointment of an Accounting Auditor” atits 152nd Ordinary General Meeting of Shareholders scheduled for June 24, 2016. This proposal to selectand appoint an accounting auditor that is responsible for the audit certification of Tokuyama’s financial
accounts, pursuant to Article 193-2, paragraphs (1) and (2), of the Financial Instruments and Exchange Actof Japan, is based on a determination of the Company’s Audit & Supervisory Board and in accordance witha resolution of the Board of Directors at a meeting held on May 12, 2016. Brief details are presented asfollows.
1. Scheduled date of the change in accounting auditor
June 24, 2016 (scheduled date of the Company’s 152nd Ordinary General Meeting of Shareholders)
2. Overviews of the accounting auditors to be appointed and to resign(1) Overview of the accounting auditor to be appointed
1.

Name

Grant Thornton Taiyo LLC

2.

Address

Akasaka Oji Bldg., 8-1-22 Akasaka, Minato-ku, Tokyo

3.

Name of managing
partners

Shigeru Omura, Tetsuo Shibaya, Makoto Watanabe

4.

Registration status ofthe registration system
for listed company
audit firms under theJapanese Institute ofCertified Public
Accountants

Registered on the listed company audit firms list1(2) Overview of the accounting auditor to resign
1.

NameYamaguchi Audit Corporation2.

Address

Yoyogikoen-mae Bldg. 2-3 Yoyogi-dori, Shunan City,
Yamaguchi Prefecture

3.

Names of managingpartners

Masayuki Oda, Terumi Kobayashi

3. Reasons for putting forward the entity described in 2. (1) as a candidate for appointment as theCompany’s accounting auditor
Tokuyama’s Audit & Supervisory Board is confident that Grant Thornton Taiyo LLC possesses thenecessary expertise, independence, and propriety to serve as an accounting auditor and maintains therequired structure and systems to carry out an accounting audit of the Company in an appropriate andproper manner. On this basis, the Audit & Supervisory Board has out forward Grant Thornton Taiyo
LLC as a candidate for appointment as the Company’s accounting auditor.
4. Date of the most recent appointment of the resigning accounting auditor
June 24, 2015
5. Opinion and other comments on the audit reports prepared by the resigning accounting auditor overthe past three years
Not applicable.
6. Reasons and background behind the decision to change the accounting auditor
The term of office of Yamaguchi Audit Corporation as the Company’s accounting auditor will expire asof the close of Tokuyama’s 152nd Ordinary General Meeting of Shareholders scheduled for June 24,
2016. With this in mind, the Company decided to review its accounting auditor requirements and toundertake a comparison of several candidates. Tokuyama took into consideration several factors
including the capabilities and costs of each audit firm particularly in connection with the nature of its
operations and size. As a result, the decision was made to newly propose Grant Thornton Taiyo LLC asa candidate for appointment as the Company’s accounting auditor.
7. Opinion of the resigning accounting auditor regarding items in audit reports with respect to the reasonsand background outlined in 6
No particular opinion has been expressed in communications received by the Company from theresigning accounting auditor.

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