News Release (6409 TSE 1)

March 29, 2017
Company

KITO CORPORATION

President and CEO

Yoshio Kito

Identification Code6409 (TSE 1)

Contact

Shigeki Osozawa
Executive Officer,GM, Corporate Management Division
TEL: +81-(0)3-5908-0161

Kito Announced its Organization & Personnel Changes

Tokyo, March 29, 2017 - Industrial hoist and crane maker Kito Corporation (head office: Nakakomagun, Yamanashi Prefecture; President: Yoshio Kito) announced organization and personnel changes
in its board members in April 1, 2017 as follows, which were resolved and approved at the board ofdirectors’ meeting held today.

1. Organization Changes as of April 1, 20171)The CFO (Chief Financial Officer) shall be appointed to manage the Financial Management Division
which will be newly established and the Business Strategy Division. The Financial Management
Division shall be newly established not only to promote financial management, but also to manage
the Corporate Communication Department in order for IR (Investor Relations) and SR (ShareholderRelations) to work more closely together. The Business Strategy Division which shall be also
managed by the CFO, shall plan and execute the company’s business strategic operations including
PMI (Post Merger Integration).
2)The new department (Product Development Department Ⅲ) shall be established in the Development& Technology Division which is under the management of the CPO (Chief Product Officer), in whichcrane components will be developed, in order to promote the strategies and development of our cranebusiness.
3)The Business Division - Asia shall promote the realization of more proactive and efficient sales
activities, and clarify the ownership of duties and shares in each region (block) by reviewing the rangeof their management responsibilities.

News Release (6409 TSE 1)2. Personnel Changes as of April 1, 2017
New Position and assignment
Senior Managing Director
Senior Managing Executive Officer
Chief Administration Officer
Head of Corporate Management Division& GM, Corporate Management Division

NameAkihide
MiyawakiManaging Director
Senior Executive Officer
Chief Quality Officer
Chief Manufacturing Officer
Head of Quality Assurance Division,
Manufacturing Management Department,
Hoist Manufacturing Division,
Chain Manufacturing Division,
Procurement Division& GM, Quality Assurance Division& GM, Procurement Division

TsuneoSenior Executive Officer
Chief Financial Officer
Head of Financial Management Division& Business Strategy Division& GM, Financial Management Division& GM, Business Strategy Division

ShigekiExecutive Officer,
KITO Global One Project(Project Owner)

ToshioYuzurihara

Osozawa

Kono

Current Position and assignment
Senior Managing Director
Senior Managing Executive Officer
Chief Administration Officer
Head of Corporate Management Division

Managing Director
Senior Executive Officer
Chief Quality Officer
Head of Quality Assurance Division& GM, Quality Assurance Division

Executive Officer
GM, Corporate Management Division

Senior Executive Officer,
Chief Manufacturing Officer
Head of Manufacturing Management
Department, Hoist Manufacturing
Division, Chain Manufacturing Division,Procurement Division& GM, Procurement Division& KITO Global One Project(ProjectOwner)

3. Board member who are scheduled to retire as of March 31, 2017Name
Masatomo Sakairi

Current Position and assignment
Senior Executive Officer
Chief Strategy Officer
Head of Business Strategy Division
GM, Business Strategy Division