[Translation]
May 24, 2022

Kakuyasu Group Co.,Ltd.
Representative Director and President
Junichi Sato（Ticker Code：7686 Tokyo Stock Exchange Second Section）
Inquiry toDirectorYoshiyuki Maegaichi

Change of Directors including Representative Directors
This is to announce that the Company resolved to change Representative Directors and otherdirectors at the Board of Directors meeting held today. The change shall be effective subject to theresolution at the 40th Annual Meeting of Shareowners to be held on June 28, 2022, and at its
subsequent meeting of the Board of Directors.
１． Change of Representative Directors（１） Reason of the change
The Company aims at adapting to the rapidly changing environment by making the changes.
The objective is to increase the corporate value of the entire company by clarifying the roles of theCompany and the operating companies, enhancing the management of the operating companies,
and improving operating results.
The current President and Representative Director of the Company, Junichi Sato, will assume
the role of President and Representative Director of Kakuyasu Co., Ltd., the core operatingcompany of the group. He will focus on enhancing the company’s operating results and developing
its business. Akihiko Tajima, the current Executive Vice President and Representative Director ofthe Company, will assume the position of President and Representative Director of the Company,
which oversees the entire company, and will be responsible for the governance of the Company andproviding support to the operating companies.
（２） Details of the change
Name

Scheduled New Titles

Junichi Sato

Director and Chairman

Akihiko Sato

Representative Director and President

Current
Representative Director andPresident
Representative Director andExecutive Vice President（３） Brief Bio of Mr.Akihiko TajimaBorn December 23, 1962
Shares owned in the Company 16,000
March 1988
Joined Jeck First Education Center Co.,Ltd.
November 1996 Director of Jeck First Education Center Co.,Ltd.
April 1999
Director of Gakuikyusha Co.,Ltd. (currently Withus Corporation)
April 2005
Director of Withus Corporation
October 2005
Director of Ken Millennium Co.,Ltd.
March 2006
Director of Retech Inc.
December 2009 Joined Kakuyasu as Executive Officer
April 2010
DirectorApril 2011
Managing Director
June 2016
Representative Director and Executive Vice President (to present)（４） Scheduled appointment dateJune 28, 2022
２． Changes of Directors（１） Director candidates

The individuals below is going to be proposed as Director candidates at the Annual Meetingof Shareowners scheduled on June 28, 2022.
NameNew Title
The Company
Concurrently serve as

Current Title
The Company
Representative
Director andExecutive Vice
President

Concurrently serve as

Akihiko Tajima

Representative
Director andPresident

Junichi Sato

Director andChairman

Representative
Director and Presidentof Kakuyasu Co.,Ltd.

Representative
Director andPresident

Yoshiyuki
Maegaichi

Director

Director of Kakuyasu
Co.,Ltd.
Representative
Director and Presidentof NSK Co.,Ltd.

DirectorTakayuki Oshima

Outside Director

Outside DirectorTsuneko Murata

Outside Director

Outside Director

Representative
Director andPresident ofKakuyasu Co.,Ltd.
Director of Kakuyasu
Co.,Ltd.
Representative
Director andPresident of NSKCo.,Ltd.

（２） Directors retiring the Board

The Directors of the Company below will retire after the Annual Meeting of Shareowners
scheduled on June 28, 2022.
Name
Junichio
Shinozaki

Kimikazu Kirihara
Katsuhiko Ikeda
Kimio Tsujitani

Post-retirement
The Company
Serve asDirector of Kakuyasu
Co.,Ltd.
Director of DangamiSannoh Co.,Ltd.
Director and Executive
Vice President ofKakuyasu Co.,Ltd.
Outside Director ofKakuaysu Co.,Ltd.
Outside Director of
Kakuaysu Co.,Ltd.

Current
The Company
DirectorDirector
Outside Director
Outside Director

Concurrently serve as
Director of KakuyasuCo.,Ltd.
Director of DangamiSannoh Co.,Ltd.
Director andExecutive Vice
President of
Kakuyasu Co.,Ltd.