The company's institutional director due to the transfer of shares more than half of the shares held at the time of election, the director's post is dismissed

 The company's institutional director due to the
transfer of shares more than half of the shares held at
the time of election, the director's post is dismissed

1.Date of occurrence of the change:2022/04/14
2.Elected or changed position (Please enter institutional
director, institutional supervisor, independent director,
natural-person director or natural-person supervisor):
institutional director
3.Title and name of the previous position holder:
 Representative of TSUTAYA BOOKS CO., LTD.： KATSUYUKI HAGINO
 Representative of TSUTAYA BOOKS CO., LTD.：HASHIMOTO RYUNOSUKE
4.Resume of the previous position holder:
company's institutional director
5.Title and name of the new position holder:N/A
6.Resume of the new position holder:N/A
7.Circumstances of change (Please enter "resignation", "dismissal",
"term expired", "death" or "new appointment"):dismissal
8.Reason for the change:Since the transferred shares during the term of
 office exceed half of the shares held at the time of the election, they will
 be dismissed of course.
9.Number of shares held by the new position holder when elected:N/A
10.Original term (from __________ to __________):from 2019/06/24 to 2022/06/23
11.Effective date of the new appointment:N/A
12.Turnover rate of directors of the same term:2/7
13.Turnover rate of independent directors of the same term:0
14.Turnover rate of supervisors of the same term:N/A
15.Change in one-third or more of directors (Please enter "Yes" or
"No"):No
16.Any other matters that need to be specified:None