May 30, 2018
To Whom It May Concern
Company name Toyo Denki Seizo K.K.
Representative Kenzo Terashima, President,
Representative Director(Code No. 6505 1st Section of theTokyo Stock Exchange)
Inquiries
Takatoshi Otsuka, General Manager,
Management Planning Division(TEL 03-5202-8122)

Toyo Denki Announces Change to the Operating Officer System andAppointments of Officers
Toyo Denki Seizo K.K. (hereinafter Toyo Denki) today announced that Toyo Denki changed its Operating
Officer system and the meeting of the Board of Directors held today officially decided on the following
appointments of Operating Officers.
Description
1.

Objectives of change to the Operating Officer system
This change separates the supervisory function and the execution function of the Board of Directors forstronger corporate governance. The Board of Directors primarily assumes the role of governance anddelegates the execution authority to Operating Officers to further enhance agility of management.
Operating Officers shall execute and be responsible for tasks within the range resolved by the Board ofDirectors under instructions and orders from the President, Representative Director.

2.

Overview of Toyo Denki’s Operating Officer system after the change(1) The number of Operating Officers shall be 20 or fewer.
(2) Directors excluding the Chairman of the Board of Directors, the President and Director and theOutside Directors shall be able to assume the role of Operating Officer at the same time.
(3) The selection of Operating Officers and Executive Officers (Senior Executive Officers andExecutive Officers) shall be proposed by the Nomination and Compensation Advisory Committee
under the Board of Directors and decided by the resolution of the Board of Directors. The positionof Senior Operating Officer is abolished.
(4) The term of office for the Operating Officers shall be one year starting on June 1 and lasting until
May 31 of the next year, which is the same as the business year. The Officers shall not be prevented
from being reappointed.

3.

Appointments of Operating Officers (Effective June 1, 2018) (Changes are underlined)
Name
Masami Tsuchiya

New Position or Role/Area of
Responsibility

Former Position or Role/Area of
Responsibility

Representative Director, Senior
Executive Officer,
Special Assistant to the President, withresponsibility for business development

Senior Managing Director,
Representative Director,
Special Assistant to the President, withresponsibility for international businessstrategy, industrial systems, businessdevelopment and Ryuo Factory
Integration Division

Promotion/New
Appointment

New Position or Role/Area ofResponsibility

Former Position or Role/Area ofResponsibility

Hiroshi
Shimotakahara

Director, Senior Executive Officer,
with responsibility for internal control,
management planning, groupcompanies, legal compliance andpurchasing

Senior Managing Director,
with responsibility for internal control,
management planning, groupcompanies and legal compliance

Kenichi GotoDirector, Executive Officer,
with responsibility for security trade
management, quality management,
environmental management,
technology, research, and development,
and intellectual property
General Manager of Yokohama WorksManaging Director,
with responsibility for security trade
management, quality management,
environmental management,
production, purchasing and production
reformGeneral Manager of Yokohama Works,
General Manager of Shiga Ryuo Works

Akihiko Ishii

Director, Executive Officer,
with responsibility for general affairs,
human resources and finance,
and the 100th anniversary project

Directors
with responsibility for general affairs,
human resources, finance, intellectual
property, branches and the 100thanniversary project

Akira Watanabe

Director, Executive Officer,
with responsibility for transportation
business, information equipment
systems and production
General Manager of TransportationBusiness Unit; General Manager ofInternational Sales Division,
Transportation Business Unit

Directors
with responsibility for transportation
business and information equipment
systems
General Manager of Transportation
Business Unit

Shuji Horie

Executive Officer
General Representative of China,President of Toyo Denki (Beijing) Co.,
Ltd., President of Beijing Jingche
Shuangyang Traction System Co., Ltd.

Senior Operating Officer
General Representative of China,
President of Toyo Denki (Beijing) Co.,
Ltd., President of Beijing Jingche
Shuangyang Traction System Co., Ltd.

Yoshifumi
OtsuboExecutive Officer
with responsibility for industry business
General Manager of Industry BusinessUnitSenior Operating Officer
General Manager of Industry Business
Unit, General Manager of Ryuo Factory
Integration Division

Kenji Tanimoto

Executive Officer
General Manager of Osaka Branch

Senior Operating Officer
General Manager of Osaka Branch

Tetsuto Iwaki

Operating Officer
General Manager of Financial Affairs
Division

Operating Officer
General Manager of Financial Affairs
Division

Yukimasa Tanabe

Operating Officer
General Manager of Nagoya Branch

Operating Officer
General Manager of Nagoya Branch

Kenji Fujiwara

Operating Officer
Research Laboratory Director

Operating Officer
Research Laboratory Director

Naoki Okuyama

Operating Officer
Deputy General Manager ofTransportation Business Unit; General
Manager of International Project
Division, Transportation Business Unit;Manager of Transportation BusinessWorks, Transportation Business Unit
President, Representative Director,
TOYO DENKI USA, INC.

Director
Deputy General Manager ofTransportation Business Unit; General
Manager of International Sales
Division, Transportation Business Unit;
General Manager of International
Project Division, Transportation
Business Unit
President, Representative Director,
TOYO DENKI USA, INC.

Name

Promotion/
New
Appointme
nt

Newly
appointed

Promotion/
New
Appointme
nt

New Position or Role/Area of
Responsibility

Former Position or Role/Area of
Responsibility

Toshihito
Nakanishi

Operating Officer
Deputy General Manager of Industry
Business Unit, General Manager ofShiga Ryuo Works

Director
Deputy General Manager of Industry
Business Unit

Newlyappointed

Furutsuki ShiniOperating Officer
President of Changzhou Ruiyang
Transmission Technology Co., Ltd.

Director
President of Changzhou Ruiyang
Transmission Technology Co., Ltd.

Newlyappointed

Name

Note 1. Kenzo Terashima, the current President and Representative Director, will not assume the position ofOperating Officer at the same time.
Note 2. Toshihiko Akihiro, the current Operating Officer, will retire from the position of Operating Officer but stay onas General Manager of the IT Business Unit.

4.

List of Directors (for reference)
The following is the list of Directors until the 157th Ordinary General Meeting of Shareholders
scheduled for August 2018.
President, Representative Director

Kenzo Terashima

Representative Director

Masami Tsuchiya

Directors

Hiroshi Shimotakahara

DirectorsKenichi Goto

Directors

Akihiko Ishii

Directors

Akira Watanabe

Outside Director

Hirokazu Chinone

Outside Director

Takashi Yamagishi