May 9, 2023
NICHICON CORPORATION
Shigeo Yoshida, President
Stock exchange code: 6996 (The Prime Market of the Tokyo Stock Exchange)
Inquiries: Hirotsugu Morishita, Senior Operating Officer andGeneral Manager of Administration
Headquarters Phone：+81-75-231-8461

Change of Representative Director (President) and Appointment of Officers
At a Board of Directors meeting held on May 9, 2023, Nichicon Corporation (hereinafter“Nichicon”) announced its informal decision to change the Representative Director (President) andappoint officers as described below.
The official decision on these matters will be made following resolutions at the General Meetingof Shareholders to be held on June 29, 2023, and at the Board of Directors meeting after theGeneral Meeting of Shareholders.

Details

1. Reason for changes
Nichicon is making these changes based on its determination that it is necessary toestablish a new organization to accelerate and achieve its "Vision 2025" mid-term growthtargets.
2. Change of President and Representative Director (scheduled for June 29, 2023)
Name
Katsuhiko Mori

New Position

Current Position

President and Representative Operating Officer,
Director

General Manager of Capacitor
Business Headquarters

Shigeo Yoshida

Special Advisor

President and Representative
Director

3. Change of Directors (scheduled for June 29, 2023)
Name

New Position

Current Position

Haruhiko Kato

External Director

New appointment

Noriko Kurimoto

External Director

New appointment

Note: Mr. Yasuhisa Katsuta, External Director, will retire at the conclusion of the 88th General
Meeting of Shareholders due to the expiration of his term of office.

4. Change of Corporate Auditors (scheduled for June 29, 2023)
Name
Kan Tsutagawa

New Position
External Corporate Auditor

Current Position
New appointment

Note: Mr. Hideki Ohnishi, External Corporate Auditor, will retire at the conclusion of the 88th
General Meeting of Shareholders due to the expiration of his term of office.

5. Other changes (scheduled for June 29, 2023)
NameNobuyuki Nishida

New Position

Current Position

General Manager of Capacitor

Deputy General Manager,

Business Headquarters

Capacitor Sales Headquarters,
Sales Headquarters
General Manager,
Film Capacitor for Sales,
Capacitor Sales Headquarters,
Sales Headquarters (concurrent)

(Attachment)
Profile of newly appointed President and Representative Director
Name: Katsuhiko Mori
New title: President and Representative Director
Date of birth: January 6, 1968
Place of birth: Fukui Prefecture
Career summaryMar. 1991

Graduated from the Faculty of Economics, Doshisha
UniversityApr. 1991

Joined NichiconJan. 2003

Vice Manager, Sales Department 1, Tokyo Sales Office, East
Japan Sales Headquarters, NichiconJan. 2004

Manager, Overseas Sales Department, Sales Headquarters,
NichiconFeb. 2004

Chief Executive Officer, Nichicon (Taiwan) Co., Ltd.

Jun. 2011

Chairman, Nichicon (Taiwan) Co., Ltd.

Jan. 2014

Sales Director, Greater China Sales Department, Nichicon
Chairman, Nichicon (Hong Kong) Ltd.

Jul. 2020

Operating Officer, Nichicon (current position)
General Manager, Capacitor Business Division, Nichicon(current position)

Number of shares owned: 4,012 shares
Note: The number of shares owned is as of the end of March 2023.
The number includes owner's equity in the Nichicon Employees’ Shareholding Association.