NEWS RELEASE
March 16th, 2021

Nippon Shinyaku Announces Changes to Representative Directorsand Members of the Board
Nippon Shinyaku Co., Ltd. (Nippon Shinyaku; Headquarters, Kyoto, Japan; President,Shigenobu Maekawa) announced today its Board of Directors approved changes to its
Representative Directors and Member of the Board which will be officially effective at an
Ordinary General Meeting of Shareholders to be held in late June, 2021.

1. Changes to Representative Directors (to be effective in late June, 2021)(1) Reason for change
Under the new management structure, we will strengthen our ability to respond to thechanging times and business environment, aiming for sustainable growth and improvementof corporate value.
(2) Appointment of Representative Director
Name
Shigenobu Maekawa

Toru Nakai

New Position

Current Position

Chairman &President &Representative Director

Representative Director

President &Representative Director

Director,Global Business; Head ofGlobal Business Div.

(3) Biography of Toru Nakai

Birth date:23 December, 1971（49 years old）

Graduation:

Mar. 1995

Kobe University of Commerce, Faculty of Commerceand Economics

Biography:

Apr. 1995

Joined Nippon Shinyaku Co., Ltd.

May. 2008

Master of Business Administration (MBA)in Case Western Reserve University

Apr. 2016

Department Manager, Business Planning Dept.

Apr. 2018

Transferred to U.S. subsidiary NS Pharma, Inc.
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Apr. 2019

Head of Global Business Div. (NS Pharma, Inc.)

Jun. 2019

Director (current position)

Jun. 2019

Global Business; Head of Global Business Div.
(current position)

Number of shares owned: 3,400

2. Changes of Director (to be effective in late June, 2021)(1) New candidates for Member of the Board
Kazuchika Takagaki

Corporate Officer,

Department Manager of Discovery

Research Labs. (Current position)
Hitoshi Ishizawa

Corporate Officer, Department Manager of Osaka Business
Office (Current position)
Corporate Officer, Department Manager of Kansai Business
Office (Effective as of 1st Apr, 2021)

Hitomi Kimura

Head of Regulatory Affairs, Safety Quality Assurance Div.
(Marketing Supervisor-General) (Current position)
Corporate Officer, Head of Regulatory Affairs, Safety Quality
Assurance Div. (Marketing Supervisor-General) (Effective as of1st Apr, 2021)

Yukari Kobayashi*

Representative Partner of Amanda Life Consulting LLC.
(Current position)(2) Retiring Members of the Board
Akira MatsuuraManaging Director, Research and Development; Head o f
Research & Development Div. (Current position)
Hitoshi Saito

Director,

Resource

Procurement,

production

Assurance (Current position)
Kenro Kobayashi

Director, Functional Food (Current position)

Hitoshi Sakata*

Director (Current position)

Akira Matsuura will be appointed as Part-time Advisor after retirement.
*: Part-time External Director

2/4andFor Reference:
Members of the Board, Members of the Audits after the election at the Ordinary General
Meeting of Shareholders in late June, 2021
Shigenobu Maekawa

Chairman & Representative Director

Toru Nakai

President & Representative Director

Shouzou SanoManaging Director; Sales and Marketing

Takashi Takaya

Director, Administration

Takanori Edamitsu

Director, Business Management

Kazuchika Takagaki

Director, Research and Development

Hitoshi Ishizawa

Director, Functional Food

Hitomi Kimura

Director, Resource

Procurement,

production

andAssurance
Yukio Sugiura*

External Director

Miyuki Sakurai*

External Director

Yoshinao Wada*

External Director

Yukari Kobayashi*

External Director

Morio Matsuura

Standing Corporate Auditor

Kenji Kuwabara

Standing Corporate Auditor

Tsuyoshi Kondo*

Outside Auditor

Sumitaka Maruyama*

Outside Auditor* part-time External Director or part-time Outside Auditor

Personnel changes (to be effective in late June, 2021)
NameKazuchika Takagaki

Hitoshi Ishizawa

New Position

Current Position

Director, Research andCorporate Officer,Development; General

Department Manager ofManager, Research &Discovery ResearchDevelopment Div.

Labs.

Director, Functional

Corporate Officer,

Food; General Manager,

Department Manager ofFunctional Food Div.

Osaka Business Office(Effective as of 1st Apr, 2021)
Corporate Officer,
Department Manager of
Kansai Business Office

3/4Structural reform (to be effective in late June, 2021)
To speed up decision-making concerning global expansion, we abolish Global Businessand Global Business Div. And its affiliated Global Business Dept., Beijing
Representative Office, and Licensing & Alliance Div. will be under the directcontrol of the president.

ContactCorporate Communications Dept., Nippon Shinyaku Co., Ltd.
FAX: +81-75-321-9128

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