February 17, 2022
Sanyo Special Steel Co., Ltd.

Translation for reference
Notice of Changes in Board Members and Officers

1. Changes in Board Members and Officers as of April 1, 2022
(1) Changes in the division of business responsibilities and delegation of office< Director, Member of the Board and Managing Executive Officer >Name
New responsibilities
Current responsibilities
Supervises the Environmental Management
Supervises the Safety & Disaster Prevention Office,
OI Shigehiro

OMAE Kozo

YANAGIMOTO
Katsu

Department, and Slag Products Manufacturing & Sales
Office.
In charge of the Safety & Disaster Prevention
Department, Production Planning & Administration
Department, Industrial Engineering Office, Equipment
Department, Steelmaking Department, Bar & Wire
Manufacturing Department, and Tube Manufacturing
Department.
Rendering assistance to the director in charge of theMetal Powder Manufacturing & Sales Division on
production related matters.
Rendering assistance to the director in charge of the
Corporate Planning Department on manufacturing
technology related matters of Ovako AB and Mahindra
Sanyo Special Steel Pvt. Ltd.
Supervises the Formed & Fabricated Products
Division.
In charge of the Sales Planning & Administration
Department, Sales Department for Bearings, Sales
Department for Automobiles & Industrial Machinery,Special Products Sales Department, Overseas
Marketing Department, Osaka Branch, Nagoya branch,
Hiroshima Branch, and Kyushu Sales Office.
Serves as General Manager of the Tokyo Regional
Office.
Rendering assistance to the director in charge of theMetal Powder Manufacturing & Sales Division onsales related matters.
Rendering assistance to the director in charge of the
Corporate Planning Department on sales related
matters of Ovako AB and Mahindra Sanyo Special
Steel Pvt. Ltd.
In charge of the Metal Powder Manufacturing & Sales
Division, Research & Development Center, Technical
Planning & Administration Department, and Quality
Assurance Department.
Rendering assistance to the director in charge of theFormed & Fabricated Products Division on technology
related matters.
Rendering assistance to the director in charge of the
Corporate Planning Department on technology andresearch development related matters of Ovako AB and
Mahindra Sanyo Special Steel Pvt. Ltd.

< Executive Officer >Name
New responsibilities
Serves as General Manager of the Production
MORISHITA
Planning & Administration Department.
Norihiko< Executive Councilor >Name
New responsibilities
In charge of the Environmental Management
SHIMIZU
Department, and Slag Products Manufacturing &Katsuhisa

SHIMOGUCHI
Haruyuki

Sales Office.
Serves as Head of Himeji Works, General
Manager of the Safety & Disaster Prevention
Department, Safety and Health Manager, andDisaster Prevention Manager.
Serves as General Manager of the Quality
Assurance Department.

Environmental Management Department, and Slag
Products Manufacturing & Sales Office.
In charge of the Production Planning & Administration
Department, Industrial Engineering Office, Equipment
Department, Steelmaking Department, Bar & Wire
Manufacturing Department, and Tube Manufacturing
Department.
Rendering assistance to the director in charge of theMetal Powder Manufacturing & Sales Division on
production related matters.
Rendering assistance to the director in charge of the
Corporate Planning Department on manufacturing
technology related matters of Ovako AB.

Supervises the Formed & Fabricated Products
Division.
In charge of the Sales Planning & Administration
Department, Sales Department for Bearings, Sales
Department for Automobiles & Industrial Machinery,Special Products Sales Department, Overseas
Marketing Department, Osaka Branch, Nagoya branch,
Hiroshima Branch, and Kyushu Sales Office.
Serves as General Manager of the Tokyo Regional
Office.
Rendering assistance to the director in charge of theMetal Powder Manufacturing & Sales Division onsales related matters.
Rendering assistance to the director in charge of the
Corporate Planning Department on sales related
matters of Ovako AB.
In charge of the Metal Powder Manufacturing & Sales
Division, Research & Development Center, Technical
Planning & Administration Department, and Quality
Assurance Department.
Rendering assistance to the director in charge of theFormed & Fabricated Products Division on technology
related matters.
Rendering assistance to the director in charge of the
Corporate Planning Department on technology andresearch development related matters of Ovako AB.

Current responsibilities
Deputy Chief Financial Officer of the Ovako AB

Current responsibilities
Serves as General Manager of the Steelmaking
Department.

Serves as General Manager of the Production
Planning & Administration Department.

(2) Retirement of Executive Officer
Name
New title
CHIBA Takayo
Representative Director and President ofSantoku Tech Co., Ltd.
KUWANA Takashi

Representative Director and President ofSantoku Kogyo Co., Ltd.

Current title
Executive Officer
Representative Director and President ofSantoku Tech Co., Ltd.
Executive Officer
In charge of the Safety & Disaster Prevention
Office, Environmental Management
Department, and Slag Products Manufacturing& Sales Office.
Serves as Safety and Health Manager, andDisaster Prevention Manager.

2. Changes in Board Members and Officers as of late June, 2022
Note: Sanyo Special Steel Co., Ltd. will make a transition from a Company with Audit & Supervisory Board to a Company
with Audit & Supervisory Committee subject to a proposal for requisite amendments to the Articles of Incorporation
being approved at the 110th General Meeting of Shareholders to be held in June 2022. The Changes listed below will be
officially resolved at the 110th General Meeting of Shareholders and the Board of Directors to take place immediately
after General Meeting of Shareholders. (The current title shows as of April 1, 2022.)

1. Director, Member of the Board (excluding Audit & Supervisory Committee Members)
Name
New title(planned)
Current title
MIYAMOTO
Representative Director and President
Representative Director and President
Katsuhiro
TAKAHASHI
Director, Member of the Board and Managing
Director, Member of the Board and Managing
Kozo
Executive Officer
Executive Officer
OI Shigehiro
Director, Member of the Board and Managing
Director, Member of the Board and Managing
Executive Officer
Executive Officer
OMAE Kozo
Director, Member of the Board and Managing
Director, Member of the Board and Managing
Executive Officer
Executive Officer
YANAGIMOTO
Director, Member of the Board and Managing
Director, Member of the Board and Managing
Katsu
Executive Officer
Executive Officer
USUKI Masaharu
Independent External Director, Member of the
Independent External Director, Member of the
Board
Board
*FUJIWARA
Independent External Director, Member of the
Director and Senior Vice President of ENEOS
Kayo
Board
Ocean Corporation
SONODA Hiroto
Director, Member of the Board
Audit & Supervisory Board Member
Note: Asterisk (*) indicate new Member.
2. Director, Member of the Board and Audit & Supervisory Committee Members
Name
New title(planned)
Current title
NAGANO
Director, Member of the Board and Senior
Senior Audit & Supervisory Board Member
Kazuhiko
Audit & Supervisory Committee Member
YOGI Hiroshi
Independent External Director, Member of the
Independent External Audit & Supervisory
Board and Audit & Supervisory Committee
Board Member
Member*TOIDE Iwao
Independent External Director, Member of the
Executive Vice President of Mitsubishi
Board and Audit & Supervisory Committee
Corporation until the end of March 2022
MemberNote: Asterisk (*) indicate new Member.

3. Retirement of Director, Member of the BoardName
New title(planned)
HIGUCHI Shinya
Senior Advisor
KOBAYASHI
Takashi
ONISHI Tamae-

4. Retirement of Audit & Supervisory Board Member
Name
New title(planned)
OE Katsuaki-

Current title
Director and Senior Advisor, Member of the
Board
Independent External Director, Member of the
Board
Independent External Director, Member of the
Board

Current title
Independent External Audit & Supervisory
Board Member

5. Changes in Executive Officer
Name
New title(planned)
HIRAOKA
Managing Executive Officer
KazuhikoServes as General Manager of the Research &Development Center.
YATSUNAMI
Managing Executive Officer
Takashi
In charge of the Accounting & Finance
Department.
Serves as General Manager of the Corporate
Planning Department.

Current title
Executive Officer
Serves as General Manager of the Research &Development Center.
Executive Officer
In charge of the Accounting & Finance
Department.
Serves as General Manager of the Corporate
Planning Department.

6. Appointment of new Executive Officer
Name
New title(planned)
SHIMIZU
Executive Officer
Katsuhisa
In charge of the Environmental Management
Department, and Slag Products Manufacturing& Sales Office.
Serves as Head of Himeji Works, General
Manager of the Safety & Disaster Prevention
Department, Safety and Health Manager, andDisaster Prevention Manager.
OUCHI Hiroaki
Executive Officer
Serves as General Manager of the Technical
Planning & Administration Department.
TACHIBANA
Executive Officer
Yoshitaka
Serves as General Manager of the Personnel &Labor Relations Department.
SUDA Atsuko
Executive Officer
Serves as General Manager of the Internal
Control & Audit Department.

Current title
Executive Councilor
In charge of the Environmental Management
Department, and Slag Products Manufacturing& Sales Office.
Serves as Head of Himeji Works, General
Manager of the Safety & Disaster Prevention
Department, Safety and Health Manager, andDisaster Prevention Manager.
Executive Councilor
Serves as General Manager of the Technical
Planning & Administration Department.
Executive Councilor
Serves as General Manager of the Personnel &Labor Relations Department.
Executive Councilor
Serves as General Manager of the Internal
Control & Audit Department.

7. Retirement of Executive Officer
Name
KOGA Yasutomo-

New title(planned)

Current title
Executive Officer
In charge of the Formed & Fabricated Products
Division.
Rendering assistance to the director in chargeof the Corporate Planning Department on the
Mahindra Sanyo Special Steel Pvt. Ltd.’sformed & fabricated products business.

8. Appointment of new Executive Councilor
Name
New title(planned)
YAMAMOTO
Executive Councilor
Masatoshi
Serves as General Manager of the Metal
Powder Manufacturing & Sales Division
KOMATSU
Executive Councilor
TakashiPRESIDENT & DIRECTOR GENERAL of
Sanyo Special Steel Manufacturing de México,
S.A. de C.V.
9. Retirement of Executive Councilor
Name
New title(planned)
MATSUGASHITA Director of Yohkoh Bussan Co., Ltd.
Akito

Current title
General Manager of the Metal Powder
Manufacturing & Sales Division
PRESIDENT & DIRECTOR GENERAL of
Sanyo Special Steel Manufacturing de México,
S.A. de C.V.

Current title
Executive Councilor
Serves as General Manager of the General
Administration Department.

(Reference 1)
Brief Personal History of New Directors
Name(date of birth)
FUJIWARA Kayo(May 27,1962)

TOIDE Iwao
(October 18,1958)

Brief personal history
April 1985 Joined MITSUI & CO., LTD.
April 1987 Joined ICI Australia LTD
April 1989 Joined Nippon Oil Co., Ltd. (currently ENEOS Corporation)
July 2006 Deputy General Manager of Overseas Procurement Department of Nippon Oil
Corporation (currently ENEOS Corporation)
July 2012 General Manager of System integration department of JX Nippon Oil &Energy Corporation (currently ENEOS Corporation)
April 2014 Managing Director of JX Nippon Oil & Energy Asia Pte. Ltd.
April 2018 Executive Officer of JXTG Nippon Oil & Energy Corporation (currently
ENEOS corporation)
April 2021 Director and Senior Vice President of ENEOS Ocean Corporation(to present)
April 1981 Joined Mitsubishi Corporation
April 2011 Senior Vice President of Mitsubishi Corporation
April 2014 President & CEO, Director of Metal One Corporation
April 2017 Executive Vice President of Mitsubishi Corporation
June 2017 Member of the Board, Executive Vice President of Mitsubishi Corporation
June 2019 Executive Vice President of Mitsubishi Corporation(Scheduled to retire from Mitsubishi Corporation at the end of March 2022)

(Reference 2)

Expected Management Structure as of late June 2022
TitlesRepresentative Director andPresident
Director, Member of the Board
and Managing Executive Officer

Name*MIYAMOTO
Katsuhiro
TAKAHASHI Kozo

OI Shigehiro

OMAE Kozo

YANAGIMOTO Katsu

Independent External Director,
Member of the Board
Director, Member of the Board
Director, Member of the Board
and Senior Audit & Supervisory
Committee Member
Independent External Director,
Member of the Board and Audit& Supervisory Committee
MemberDivision of business responsibilities and delegation of office

Supervises the Accounting & Finance Department.
In charge of the Secretarial Office, Corporate Planning
Department, Computer Systems Planning Office, Personnel &Labor Relations Department, General Administration Department,Internal Control & Audit Department, and Procurement
Department.
Supervises the Environmental Management Department, and Slag
Products Manufacturing & Sales Office.
In charge of the Safety & Disaster Prevention Department,
Production Planning & Administration Department, Industrial
Engineering Office, Equipment Department, Steelmaking
Department, Bar & Wire Manufacturing Department, and Tube
Manufacturing Department.
Rendering assistance to the director in charge of the Metal Powder
Manufacturing & Sales Division on production related matters.
Rendering assistance to the director in charge of the Corporate
Planning Department on manufacturing technology related mattersof Ovako AB and Mahindra Sanyo Special Steel Pvt. Ltd.
In charge of the Sales Planning & Administration Department,
Sales Department for Bearings, Sales Department for Automobiles& Industrial Machinery, Special Products Sales Department,
Overseas Marketing Department, Osaka Branch, Nagoya branch,
Hiroshima Branch, Kyushu Sales Office and Formed & FabricatedProducts Division.
Serves as General Manager of the Tokyo Regional Office.
Rendering assistance to the director in charge of the Metal Powder
Manufacturing & Sales Division on sales related matters.
Rendering assistance to the director in charge of the Corporate
Planning Department on sales related matters of Ovako AB and
Mahindra Sanyo Special Steel Pvt. Ltd.
In charge of the Metal Powder Manufacturing & Sales Division,
Research & Development Center, Technical Planning &Administration Department, and Quality Assurance Department.
Rendering assistance to the director in charge of the Formed &Fabricated Products Division on technology related matters.
Rendering assistance to the director in charge of the Corporate
Planning Department on technology and research development
related matters of Ovako AB and Mahindra Sanyo Special Steel
Pvt. Ltd.

*USUKI Masaharu*FUJIWARA KayoSONODA Hiroto
NAGANO Kazuhiko*YOGI Hiroshi*TOIDE Iwao

Note: Asterisk (*) indicate Member of the Nomination & Compensation Advisory Committee

TitlesManaging Executive Officer

Name
HIRAOKA Kazuhiko
YATSUNAMI Takashi

Executive Officer

UNIGAME Yasukazu
KUNISADA Masanori
MORISHITA Norihiko
AOTA Hidetoshi
SHIMIZU Katsuhisa

OUCHI Hiroaki
TACHIBANA
Yoshitaka
SUDA Atsuko
Executive Councilor

SHIMOGUCHI
Haruyuki
YAMAMOTO
Masatoshi
KOMATSU Takashi

Division of business responsibilities and delegation of officeServes as General Manager of the Research & Development
Center.
In charge of the Accounting & Finance Department.
Serves as General Manager of the Corporate Planning Department.
Managing Director of the Mahindra Sanyo Special Steel Pvt. Ltd.
Chief Operating Officer of the Mahindra Sanyo Special Steel Pvt.
Ltd.
Serves as General Manager of the Production Planning &Administration Department.
Serves as General Manager of the Osaka Branch, Hiroshima
Branch, and Kyushu Sales Office.
In charge of the Environmental Management Department, and Slag
Products Manufacturing & Sales Office.
Serves as Head of Himeji Works, General Manager of the Safety& Disaster Prevention Department, Safety and Health Manager,
and Disaster Prevention Manager.
Serves as General Manager of the Technical Planning &Administration Department.
Serves as General Manager of the Personnel & Labor Relations
Department.
Serves as General Manager of the Internal Control & Audit
Department.
Serves as General Manager of the Quality Assurance Department.
Serves as General Manager of the Metal Powder Manufacturing &Sales Division
PRESIDENT & DIRECTOR GENERAL of Sanyo Special Steel
Manufacturing de México, S.A. de C.V.

END

Please note that the official text of this document has been prepared in Japanese. To the extent there is any discrepancy between the English
translation and original Japanese version, please refer to the Japanese version.