May 12, 2016
NEWS RELEASE
Name of Listed Company

Tsumura & Co.

RepresentativeTerukazu Kato
President & Representative Director(Code: 4540 First Section of the Tokyo
Stock Exchange)

ContactNoboru Suzuki
Head of Corporate Communications Dept.
Telephone: 81-3-6361-7100

Tsumura Announces Change of Certified Public Accountant
Tsumura & Co. (hereinafter, “Tsumura”) announces that at the extraordinary meeting of theBoard of Directors held on May 12, 2016, it resolved to submit a proposal of the Matters Concerning theElection of Accounting Auditors to the 80th Ordinary General Meeting of Shareholders to be held onJune 29, 2016 as outlined below. This proposal is concerned with the change of its certified public
accountant responsible for audit certification pursuant to Paragraphs 1 and 2, Article 193-2 of theFinancial Instruments and Exchange Act. It should be noted that the proposal is based on a decision madeby the Audit & Supervisory Board.
1. Expected date of change
June 29, 2016 (scheduled date of the 80th Ordinary General Meeting of Shareholders)

2. Overview of incoming and outgoing certified public accountants(1) Overview of incoming certified public accountanti) NamePricewaterhouseCoopers Aarataii) Location

Sumitomo Fudosan Shiodome Hamarikyu Building
8-21-1 Ginza, Chuo-ku, Tokyo 104-0061 Japaniii) Names ofexecutive members

Takeshi Tadokoro, Takeshi Shioyaiv) Registration
status under theRegistration Systemfor Listed Company
Audit Firms of theJapanese Instituteof Certified Public
Accountants

Registered(2) Overview of outgoing certified public accountanti) Name

Ernst & Young ShinNihon LLCii) Location

Hibiya Kokusai Building
2-2-3 Uchisaiwai-cho, Chiyoda-ku, Tokyo 100-0011 Japaniii) Names ofexecutive members

Jun Eguchi, Takeo Sato

3. Reason for nominating the certified public accountant stated in 2. (1)The Audit & Supervisory Board nominates PricewaterhouseCoopers Aarata as the candidate to become
Tsumura’s certified public accountant because in light of continuous years of service by the incumbent
certified public accountant, etc., it is expected to provide a wide range of information from a newperspective. It has judged that the candidate has a system in place to ensure proper audit performance,
comprehensively taking into account independence and expertise, as well as the appropriateness, validity
and efficiency of the audit activity, and other situations concerning the exercise of duties, in light of theEvaluation Criteria of Accounting Auditors and the Selection Criteria of Accounting Auditors set forth by
the Audit & Supervisory Board.
4. Latest appointment date of outgoing certified public accountant
June 26, 2015
5. Opinions on the audit reports, etc. prepared by the outgoing certified public accountant during
the most recent three years
None
6. Reason and background for the change
The official term of Ernst & Young ShinNihon LLC, Tsumura’s current accounting auditor, will expire at
the close of the 80th Ordinary General Meeting of Shareholders, which is scheduled to take place on June29, 2016. As a result, Tsumura has decided to designate PricewaterhouseCoopers Aarata as its new
accounting auditor.
7. Opinions of the outgoing certified public accountant regarding the statements included in audit
reports, etc. with respect to the reason and background stated in 6.
Tsumura has received a reply stating that the outgoing certified public accountant has no particular opinions.