July 12, 2017

Company name: Toyo Denki Seizo K.K.
Representative: Kenzo Terashima, President
Stock exchange: First Section of the Tokyo Stock Exchange
Stock Code: 6505
Inquiries: Toshinori Yamai
General Manager, General Affairs Division
TEL.: +81-3-5202-8121

Toyo Denki Announces Details of a Change of Officers
Toyo Denki Seizo K.K. (hereafter “Toyo Denki”) today announced that a meeting of the Board ofDirectors held today informally decided on the following appointments of directors, auditors, andoperating officers of the Company. The changes are scheduled to be officially confirmed by thepassage of a resolution at the 156th Ordinary General Meeting of Shareholders scheduled to be heldon August 29, 2017 and a subsequent meeting of the Board of Directors.

1. Change of Directors(1) Newly appointed senior director
Kenichi Gotoh, Managing Director (Current position: Director, General Manager ofYokohama Works)(2) Retiring director (and scheduled new appointment)
Hiroyuki Arai, Director (to be appointed a senior executive engineer of Toyo Denki)*The above-mentioned director will resign at the conclusion of the 156th Ordinary General
Meeting of Shareholders.

2. Change of Auditors(1) Newly appointed auditor
Yoshinori Kawamura, Statutory Auditor (Professor at Waseda University Faculty ofCommerce)*The above-mentioned newly appointed statutory auditor is a candidate for outside statutory
auditor as stipulated in Article 2-16 of the Companies Act of Japan.
Mr. Kawamura satisfies the requirements for independent director as stipulated by the Tokyo
Stock Exchange, and the Company will register him as an independent director with theExchange.

(2) Retiring auditor
Toshio Ikeda, Statutory Auditor*The above-mentioned statutory auditor will retire at the conclusion of the 156th Ordinary
General Meeting of Shareholders.

3. Change of operating officers(1) Newly appointed operating officer
Kenji Fujiwara, Operating Officer (current position: Deputy General Manager of Business
Development Division (delegated by the director of the research institute)(2) Retiring operating officer (and scheduled new appointment)
Isami Takase, Operating Officer (to be appointed President of Toyo Shoji K.K. uponretirement)

The areas of responsibility and duties of the directors and operating officers will be determined at ameeting of the Board of Directors to be held subsequent to the General Meeting of Shareholders.

The organization of directors and auditors after the 156th Ordinary General Meeting of Shareholders
is scheduled to be as follows.

(Directors)
President, Representative Director

Kenzo Terashima

Senior Managing Director, Representative Director

Masami Tsuchiya

Senior Managing Director

Hiroshi Shimotakahara

Managing Director

Kenichi Gotoh

Director

Akihiko Ishii

Director

Akira Watanabe

Outside Director

Hirokazu Chinoune

Outside Director

Takashi Yamagishi(Auditors)
Standing Statutory Auditor

Hiroshi Hamao

Standing Statutory Auditor

Yoshihiko Yoshino

Statutory Auditor

Eiichi Suzuki

Statutory Auditor

Yoshinori Kawamura

(Operating Officers)
Senior Operating Officer

Shuji Horie

Senior Operating Officer

Yoshifumi Otsubo

Senior Operating Officer

Kenji Tanimoto

Senior Operating Officer

Yuji Nagano

Operating Officer

Toshihiko Akihiro

Operating Officer

Tetsuto Iwaki

Operating Officer

Yukimasa Tanabe

Operating Officer

Kenji Fujiwara