Announcement of Changes in Representative Directors, Directors and Audit & Supervisory Board Members

February 12, 2026

Kajima Corporation (the "Company"), at the Board of Directors' Meeting held today, decided on the candidates for directors scheduled to be in office after transition to a Company with an Audit & Supervisory Committee, which will be proposed at the Ordinary Stockholders' Meeting to be held in late June 2026. The details are described below. The changes will be officially determined after obtaining approval at the Ordinary Stockholders' Meeting to be held on the same day and the subsequent Board of Directors' Meeting.

For the transition to a Company with an Audit & Supervisory Committee, please refer to the "Notice Concerning Transition to a Company with Audit & Supervisory Committee" dated today. Partial amendments to the Articles of Incorporation associated with the transition to a Company with an Audit & Supervisory Committee will be disclosed as soon as they are determined.

1. Change of the President and Representative Director (scheduled for late June 2026)

   1. Details of the change

      Chairman and Representative Director Yoshikazu Oshimi (current position: Chairman and President, Representative Director)

      President and Representative Director Masafumi Kiryu (current position: Managing Executive Officer)

   2. Reason for the change

      The Company has strived to minimize the risk of a management vacuum being created following the death of the former President through a structure in which the Chairman concurrently serves as the President. At its Nomination Advisory Committee, the Company has proceeded with the selection of a successor who will inherit and develop the creation of the foundation for the Company group's sustainable growth including the enhancement of project management and the expansion of the construction value chain, which were advanced by the former President. By taking the opportunity to transition to a Company with an Audit & Supervisory Committee toward improving corporate value and strengthening corporate governance, the Company decided to change the President to aim for the further growth of group performance and the creation of new value under the new top management.

   3. Career summary of the candidate for new President and Representative Director

   Name (Date of birth)	Career summary		Number of shares of the Company held
   Masafumi Kiryu (November 21, 1961)	April 1984	Joined the Company	18,875 shares
   	January 2009	Project Manager, Osaki Station West Exit C District Development Project, Tokyo Architectural Construction Branch
   	February 2015	Project Manager, (temp.) Shinhibiya Project, Tokyo Architectural Construction Branch
   	February 2018	General Manager, Building Construction Department, Tokyo Architectural Construction Branch
   	April 2021	Executive Officer, Deputy General Manager, Tokyo Architectural Construction Branch
   	April 2024	Managing Executive Officer, General Manager, Yokohama Branch (to the present)

2. Changes of Directors (scheduled for late June 2026)

   1. Retiring Directors

      Name	Former position	Position after retirement
      Takashi Kumano	Director and Managing Executive Officer	Managing Executive Officer
      Yoichi Suzuki	Outside Director	Advisor

   2. New Candidate for Directors

      Name	New position	Current position
      Eiji Omori	Director and Standing Audit & Supervisory Committee Member	Executive Vice President and Representative Director, GINSEN CO., LTD.

   3. Candidates for Directors (excluding Directors who are Audit & Supervisory Committee Members)

      Name	New position	Former position
      Yoshikazu Oshimi	Chairman and Representative Director	Chairman and President, Representative Director
      Masafumi Kiryu	President and Representative Director	Managing Executive Officer
      Keisuke Koshijima	Executive Vice President and Representative Director	Executive Vice President and Representative Director
      Masaru Kazama	Executive Vice President and Representative Director	Executive Vice President and Representative Director
      Hiroshi Ishikawa	Director and Executive Vice President	Director and Executive Vice President
      Takeshi Katsumi	Director and Executive Vice President	Director and Executive Vice President
      Tamotsu Saito	Director	Director
      Masami Iijima	Director	Director
      Yuko Yasuda	Director	Director

      (Note) Mr. Tamotsu Saito, Mr. Masami Iijima, and Ms. Yuko Yasuda are candidates for Outside Directors as stipulated in Article 2, Item 15 of the Companies Act.

   4. Candidates for Directors who are Audit & Supervisory Committee Members

      Name	New position	Former position
      Toshiaki Kobayashi	Director and Standing Audit & Supervisory Committee Member	Standing Audit & Supervisory Board Member
      Eiji Omori	Director and Standing Audit & Supervisory Committee Member	Executive Vice President and Representative Director, GINSEN CO., LTD.
      Kazumine Terawaki	Director and Audit & Supervisory Committee Member	Director
      Emiko Takeishi	Director and Audit & Supervisory Committee Member	Audit & Supervisory Board Member
      Makiko Nakamori	Director and Audit & Supervisory Committee Member	Audit & Supervisory Board Member

      (Note) Mr. Eiji Omori, Mr. Kazumine Terawaki, Ms. Emiko Takeishi, and Ms. Makiko Nakamori are candidates for Outside Directors as stipulated in Article 2, Item 15 of the Companies Act.

   5. Career summary of the candidate for Outside Director

   Name (Date of birth)	Career summary		Number of shares of the Company held
   Eiji Omori (February 16, 1963)	April 1985	Joined the Sumitomo Bank, Limited (currently Sumitomo Mitsui Banking Corporation)	0 shares
   	April 2014	Executive Officer, General Manager, Tokyo Corporate Banking Dep. IV, Sumitomo Mitsui Banking Corporation
   	April 2015	Executive Officer, General Manger, Shinjuku Corporate Banking Division and Saitama Ikebukuro Corporate Banking Division, Sumitomo Mitsui Banking Corporation
   	April 2016	Executive Officer, General Manger, East Japan Corporate Banking Division II, Sumitomo Mitsui Banking Corporation
   	April 2017	Managing Executive Officer, Tokyo Corporate Banking Division, Tokyo Corporate Banking Dep. I, V, VII, and VIII, Sumitomo Mitsui Banking Corporation
   	April 2019	Managing Executive Officer, Sumitomo Mitsui Banking Corporation
   	May 2019	Advisor, SMBC Consulting Co., Ltd.
   	June 2019	President and Representative Director, SMBC Consulting Co., Ltd.
   	July 2020	Senior Executive Officer, GINSEN CO., LTD.
   	June 2021	Senior Executive Officer and Representative Director, GINSEN CO., LTD.
   	April 2024	Executive Vice President and Representative Director, GINSEN CO., LTD. (to the present)

3. Changes of Audit & Supervisory Board Members (scheduled for late June 2026) Retiring Audit & Supervisory Board Members

The Directors as well as Directors and Audit & Supervisory Committee Members scheduled to be in office after the conclusion of the Ordinary Stockholders' Meeting to be held in late June 2026 are as follows:

(Underlined parts are amended.)

(Directors)

(Directors and Audit & Supervisory Committee Members)