Kanematsu : Notice of Changes to Directors, Audit & Supervisory Board Members and Executive Officers

March 25, 2025

Press release

Kanematsu Corporation (the "Company") announces that at a meeting of the Board of Directors held on March 25, 2025, it resolved to make the following changes to Directors, Audit & Supervisory Board Members and Executive Officers. These changes are subject to final approval at the Ordinary General Meeting of Shareholders scheduled in late June 2025 and the meeting of Board of Directors to be held thereafter.

1. Changes to Directors

   1. Candidates for New Directors（to be proposed at the Ordinary General Meeting of Shareholders scheduled in late June）

      Name	New	Present Title
      Taro Unno	Director Executive Officer Chief Officer, Finance, Accounting, Business Accounting	Director Senior Executive Officer, Kanematsu Communications Ltd.
      Kazuo Kondo	Director Executive Officer Chief Officer, Corporate Planning General Manager, Corporate Planning Dept.	General Manager, Corporate Planning Dept.

      *Personal History of Mr. Taro Unno and Mr. Kazuo Kondo are as per attached.

   2. Retiring Director（to be proposed at the Ordinary General Meeting of Shareholders scheduled in late June）

      Name	New	Present Title
      Tetsuro Tsutano	Managing Executive Officer President, Kanematsu USA Inc.; General Manager, Chicago Head Office	Director Managing Executive Officer Chief Officer, Corporate Planning, IT Planning,
      Shuji Masutani	Senior Executive Officer Chief Officer, Risk Management, Legal & Compliance	Director Senior Executive Officer Chief Officer, Finance, Accounting, Business Accounting

2. Changes to Audit & Supervisory Board Members

   1. Candidates for Substitute Audit & Supervisory Board Members (to be proposed at the Ordinary General Meeting of Shareholders scheduled in late June)

      Name	Present Title
      Noriko Ichiba	Certified Public Accountant /Certified Tax Accountant Representative, Ichiba Certified Public Accountant Office Representative UPRISE Certified Tax Accountant's Co. External Auditor , Daiho Corporation Supervisory Director, Ichigo Office REIT Investment Corporation Outside Audit & Supervisory Board Member, Nisshinbo Holdings Inc.

3. Changes to Executive Officers (as of the Ordinary General Meeting of Shareholders scheduled in late June)

   1. Candidates for New Executive Officers

      Name	New	Present Title
      Masashi Kanematsu	Managing Executive Officer Chief Officer, IT Planning, Logistics & Insurance	Member of the Board of Directors, Deputy President, Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
      Taro Unno	Executive Officer Chief Officer, Finance, Accounting, Business Accounting	Director Senior Executive Officer, Kanematsu Communications Ltd.
      Kazuo Kondo	Executive Officer Chief Officer, Corporate Planning General Manager, Corporate Planning Dept.	General Manager, Corporate Planning Dept.

      *Personal History of Mr. Masashi Kanematsu, Mr. Taro Unno and Mr. Kazuo Kondo are as per attached.

   2. Changes in Titles of Executive Officers

      Name	New	Present Title
      Tetsuro Tsutano	Managing Executive Officer President, Kanematsu USA Inc.; General Manager, Chicago Head Office	Managing Executive Officer Chief Officer, Corporate Planning, IT Planning
      Hitoshi Yamashina	Senior Executive Officer Chief Officer, Human Resources, General Affairs	Senior Executive Officer Chief Officer, Human Resources, General Affairs, Logistics & Insurance
      Akihiko Fujita	Senior Executive Officer COO, Electronics & Devices	Senior Executive Officer President, Kanematsu USA Inc. Treasurer & Secretary General Manager, Chicago Head Office
      Shuji Masutani	Senior Executive Officer Chief Officer, Risk Management, Legal & Compliance	Senior Executive Officer Chief Officer, Finance, Accounting, Business Accounting
      Shigenobu Makita	Executive Officer COO, Steel, Materials & Plant Division	Executive Officer Chief Officer, Steel, Materials & Plant Division

   3. Retiring Executive Officer

      Name	Present Title
      Toshihide Motoshita	Senior Managing Executive Officer Chief Officer, Risk Management, Legal & Compliance
      Eiji Kan	Senior Managing Executive Officer COO, Steel, Materials & Plant
      Masahiro Harada	Managing Executive Officer COO, Electronics & Devices

4. New List of Officers

   1. Director 7 (to be proposed at the Ordinary General Meeting of Shareholders scheduled in late June)

      	Name
      Chairman	Kaoru Tanigawa	（reappointed）
      President & CEO	Yoshiya Miyabe	（reappointed）
      Director	Taro Unno	（new）
      Director	Kazuo Kondo	（new）
      Director（outside）	Yuko Tanaka	（reappointed）
      Director（outside）	Kazuhiro Tanaka	（reappointed）
      Director（outside）	Hiroyuki Sasa	（reappointed）

      * Ms. Yuko Tahara and Mr. Kazuhiro Tanaka and Mr. Hiroyuki Sasa are outside directors as stipulated in Article 2, Item 15 of the Companies Act.

   2. Audit & Supervisory Board Members 4

      	Name
      Audit & Supervisory Board Member (full-time)	Yoshio Tajima	(during his term of office）
      Audit & Supervisory Board Member (full-time)	Yoichiro Muramatsu	(during his term of office）
      Audit & Supervisory Board Member	Yusaku Kurahashi	(during his term of office）
      Audit & Supervisory Board Member	Nobuko Inaba	(during his term of office）

      * Mr. Yusaku Kurahashi and Ms. Nobuko Inaba are Outside Audit & Supervisory Board Members as stipulated in Article 2, Item 16 of the Companies Act.

   3. Executive Officers 15

Candidate for New Executive Officer

Personal History

Name Masashi Kanematsu

Date of Birth February 23, 1968 Place of birth Aichi

Education

March 1990 Graduated from School of Engineering Science, Osaka University

Professional Career