Translation
Note: This document has been translated from the Japanese original for reference purposes only. In the event of any
discrepancy between this translated document and the Japanese original, the Japanese original shall prevail.

9 May 2024
Company:

Roland Corporation

Representative:

Gordon Raison, CEO & Representative Director

Contact:(Securities Code: 7944; TSE Prime)
Yuichi Hakamata, CFO & Executive Officer(Tel. +81-53-523-0230)

Notice of Change of Representative Director and CEO
Roland Corporation (the “Company”) hereby announces that the Company made the following change ofCEO at the Board of Directors Meeting held today.
1． Reason for the change
Gordon Raison, Representative Director and CEO of the Company, has tendered his resignation as
Representative Director and CEO effective June 30, 2024, for personal reasons. In response, theCompany's Board of Directors today resolved to select Masahiro Minowa, Representative Director, COO
and CIO, as Representative Director, CEO and CIO.
2. Details of the changeName

New position

Current position

Masahiro Minowa

Representative Director CEO, CIO

Representative Director COO, CIO

Gordon Raison(Resignation)

Representative Director CEO*Gordon Raison is scheduled to assume the position of advisor to the Company.
(1) Toshihiko Oinuma’s Comments (Chairperson of the Nomination and Remuneration Committee,Outside Director)
The Company’s Board of Directors fully respect Mr. Raison’s decision to put his family first. We honor
and thank him for his contribution to Roland. His accomplishments are too numerous to list, but wewould like to take this opportunity to share with you some highlights of his outstanding achievements.
1.

Mr. Raison deeply promoted globalization of the Company by building a structure which allowed
Japan Headquarters and overseas subsidiaries to work strongly together, enabling theCompany to function organically as “One Roland”.

2.

With his leadership experience in Sales, he brought a transformation strategy to the Company
objective of becoming “Marketing Driven Company”, which former CEO, Mr. Miki also had
worked to achieve.

3.

He brought a success in the acquisition of Drum Workshop through his network as a nonJapanese CEO, and built the foundation of future growth of the Drums & Percussion business ofRoland.

4.

Through outstanding communication skills, he built trust and confidence in the securities market
in the Company’s performance and prospects.

We are sure Mr. Raison will support the new CEO, Mr. Minowa as an adviser, and continue to contributeto Roland from United Kingdom to the extent possible.
The Board of Directors will supervise the business operation by the new CEO, Mr. Minowa, and promotesustainable enhancement of corporate value by fully utilizing the expertise of each member.
(2) Gordon Raison’s Comments
Since joining the Company in 2013, under the leadership of former CEO, Mr. Miki, we have gone
through an amazing transformation. We completed an MBO, delisting from the TSE in 2014, andachieved a truly miraculous turnaround that positively impacted ever area of the business. In December
2020 we relisted and have seen a continuous improvement in our products that have led to improving
sales and profit. I took over the baton as CEO from Mr. Miki in March 2022.
As CEO, my vision has been the creation of a strong, cohesive team of Roland employees working aroundthe world to ensure the Company’s growth as a "Japanese Global Company," and then to pass the baton
to the next generation of Roland leadership.
The global pandemic caused major disruption in the musical instrument market, but the Roland
management team, including Mr. Minowa, the next CEO, responded swiftly to this change in theenvironment. As a result of great teamwork and a focus on agility, Roland have emerged from this global
crisis a stronger and better company.
Music performance and creation are rooted in the fundamental desires and culture of human beings.
Therefore, despite experiencing various crises in the past, the musical instruments industry is one that
continues to grow over the long term, and Roland is now poised for its next phase of growth. With this inmind, at the same time as dealing with the coronavirus crisis I made a number of investments in
preparation for the next phase of growth, namely, the acquisition of Drum Workshop in October 2022,
the expansion of our Cloud infrastructure and offerings and the renewal of our core infrastructure. I am
confident that these investments will support Roland’s future growth.
As a future CEO, Mr. Minowa has been in charge of the technology and marketing divisions as Directorand CIO since March 2022, and expanded his management responsibilities as Representative Director
COO and CIO in March 2024. With his technical background, his leadership in the growth of our Cloudcapabilities and with extensive experience in sales and marketing, Mr. Minowa is the perfect person tosteadily implement the current medium-term management plan and to ensure the development of theRoland Cloud business, which is the key to Roland’s future success. Originally, I was scheduled to handover the baton to Mr. Minowa after the expiration of this current term, but due to family circumstances,
I have to return to the United Kingdom and be replaced during my term.
I will be stepping down from all positions at the end of June, but I will be supporting Mr. Minowa andthe Roland management as an advisor until the end of the term. I appreciate your support. Thank youvery much.
(3) Masahiro Minowa’s Comments

While this change is taking place earlier than planned due to CEO, Mr. Raison’s family circumstances, I
am grateful for the confidence of the Nomination and Remuneration Committee and the Board ofDirectors, and I am very proud to lead Roland as it continues to create new music history, by taking overthe challenges that I have been advancing with Mr. Raison.
Roland is about to move on to the next stage after a second founding phase after an MBO and a true
globalization phase after a re-listing.
I have had a strong interest in playing the piano and keyboard since I was a child, and I have enjoyedplaying. On the other hand, I was not very good at reading sheet music and playing, and graduallydrifted away from playing musical instruments. Fortunately, I had the opportunity to form a band inhigh school and discovered the joy of playing music with friends. When I was in college, computers andthe Internet were in their infancy, and I was immersed in the possibility of creating music and cocreating music with people all over the world using electronic musical instruments, computers, and theInternet even if I couldn't play it myself. While discussing ideas and technologies with like-mindedpeople from all over the world, I was excited about the future of music, and after graduating fromuniversity, I joined Roland in 1996 with great ambitions.
While everything around us, including not only computers and smartphones, but also home appliancesand cars, are now leveraging Internet connectivity to bring a lot of added value to users, electronic
musical instruments have only just begun to take off. By further expanding the Roland Cloud contentand services that we are currently promoting, and by increasing the ratio of hardware compatible with
Roland Cloud, we are confident that we can provide a new UX (User Experience) to even more music
lovers and create a new music culture.
As we take on new challenges with even greater speed than before, we can all look forward to the futureof Roland.
3. Career Summary of New Representative Director CEO and CIO
Number ofName

Career summary

Date of birth

Masahiro
MinowaDate of birth:
December 21,1972

Company heldApril 1996

Joined Roland Corporation

January 2016

General Manager, RPG Company Planning
Dept.

September 2017 Executive Officer, RPG Company President
January 2018

Executive Officer, RPG Development
Division

March 2022

Director, CIO

March 2024

Representative Director, COO, CIO (current)

4. New Position (Representative Director CEO, CIO) Scheduled Date of Appointment
July 1, 2024

shares of the300