Announcement Regarding Changes in Corporate Officers

April 24, 2026

Press Release

Name of company: Kintetsu Group Holdings Co.,Ltd.

Representative: Takashi Wakai, Representative Director

and President

Code No.: 9041

Listing exchange: Tokyo Stock Exchange (Prime Market)

Contact: Hiroyuki Sakamoto, General Manager of Public Relations Div.

Telephone: +81-6-6775-3359

Kintetsu Group Holdings Co.,Ltd. (the "Company") will, as announced in the "Announcement Regarding the Transition to a Company With an Audit and Supervisory Committee" dated December 25, 2025, transition to a company with an Audit and Supervisory Committee to strengthen the supervisory function of the Board of Directors and enable swifter and more agile decision-making for sustainable corporate value creation and further growth.

At a meeting of the Board of Directors held today, the Company tentatively decided to make changes in corporate officers effective as of the date of the 115th Ordinary General Meeting of Shareholders to be held in June 2026 as part of the structure following the transition. The details are as follows.

Furthermore, in the tentatively decided corporate officer structure, the total number of Directors will be fifteen (15), with External Directors making up the majority at eight (8), and four (4) of the Directors being female.

Additionally, the changes in corporate officers are scheduled to be officially decided during the Ordinary General Meeting of Shareholders and the meeting of the Board of Directors immediately following its conclusion.

1. New candidate for Director (excluding a Director who is an Audit and Supervisory Committee Member)

   Kensuke Nakanobo (scheduled to be appointed as Director and Senior Managing Executive Officer; currently serving as Executive Managing Director of KNT-CT Holdings Co., Ltd.)

   Keiko Yokoyama (currently serving as Audit & Supervisory Board Member of NTT WEST, Inc.)

   Notes: 1. Ms. Keiko Yokoyama is a candidate for External Director. She is also a candidate for substitute External Director who is an Audit and Supervisory Committee Member.

2. The career histories for Mr. Kensuke Nakanobo and Ms. Keiko Yokoyama are as described in Appendix 1.

1. Retiring Director

   Director, Executive Advisor

   Director, Managing Executive Officer

   Director, Managing Executive Officer

   Director, Managing Executive Officer

   Tetsuya Kobayashi (scheduled to be appointed as Executive

   Advisor)

   Hiroyuki Kasamatsu (scheduled to be appointed as Managing Executive Officer)

   Naoyoshi Ueda (scheduled to be appointed as Senior

   Managing Director of KNT-CT Holdings Co., Ltd.)

   Takahiro Sugaura (scheduled to be appointed as Managing Executive Officer)

2. New candidate for Director who is an Audit and Supervisory Committee Member

   Akihiko Matsumoto (currently Audit & Supervisory Board Member (full-time)) Tetsuo Nakamura (currently Audit & Supervisory Board Member (full-time)) Kazumi Suzuki (currently Audit & Supervisory Board Member)

   Michiko Inoue (currently Audit & Supervisory Board Member)

   Maki Saito (Professor of School of Government, Kyoto University)

   Notes: 1. Mr. Kazumi Suzuki, Ms. Michiko Inoue, and Ms. Maki Saito are candidates for External Director.

   2. Ms. Maki Saito's career history is as described in Appendix 1.

3. Retiring Audit & Supervisory Board Member

   Audit & Supervisory Board Member Masahiro Maeda

4. Group Officer scheduled to be newly appointed

   Shiro Hara (scheduled to be appointed as Representative Director and President of Kintetsu Real Estate Co., Ltd.; currently Representative Director and Executive Vice President of Kintetsu Real Estate Co., Ltd.)

5. Retiring Group Officer

   Group officer Takahisa Kurahashi (scheduled to be appointed as Representative

   Director and Chairman of the Board of Kintetsu Real Estate Co., Ltd.; currently Representative Director and President of Kintetsu Real Estate Co., Ltd.)

6. Officer scheduled to be newly appointed

   Takashi Ito (currently serving as General Manager of Corporate Strategy Division of Corporate Strategy and Planning Headquarters of the Company, and Managing Officer of Kintetsu World Express, Inc.)

   Hidemi Katsuyama (currently serving as General Manager of Corporate Strategy Division of Corporate Strategy and Planning Headquarters)

7. Retiring Officer

   Senior Officer Yasuyuki Iida (scheduled to be appointed as Senior

   Managing Director of Kintetsu Miyako Hotels International, Inc.)

8. Changes in titles and responsibilities (new corporate officer structure after the changes is as described in Appendix 2)

   Name	New title	New responsibility	Current title	Current responsibility
   Kensuke Nakanobo	Director, Senior Managing Executive Officer	Co-Chief of Corporate Strategy and Planning Headquarters, Tokyo Office	New Appointment
   Hiroyuki Kasamatsu	Managing Executive Officer	Administration Headquarters Accounting Div., Audit Div.	Director, Managing Executive Officer	Administration Headquarters Accounting Div., Audit Div.
   Takahiro Sugaura	Managing Executive Officer	Administration Headquarters Human Resources Div., Rugby Div.	Director, Managing Executive Officer	Administration Headquarters Human Resources Div., Rugby Div.
   Kenichi Etou	Senior Officer	Corporate Strategy and Planning Headquarters Corporate Strategy Div.	Officer	Corporate Strategy and Planning Headquarters Corporate Strategy Div.
   Masaru Narumi	Officer	Secretarial Div., Public Relations Div.	Officer	Public Relations Div.
   Takashi Ito	Officer	Corporate Strategy and Planning Headquarters Corporate Strategy Div. (Global Business Management)	New Appointment

   Name	New title	New responsibility	Current title	Current responsibility
   Hidemi Katsuyama	Officer	Corporate Strategy and Planning Headquarters Corporate Strategy Div. (Tourism Business Management)	New Appointment

9. Scheduled date of changes in corporate officers

Date of the 115th Ordinary General Meeting of Shareholders to be held in June 2026

End

Appendix 1

[Career history of new candidate for Director (excluding a Director who is an Audit and Supervisory Committee Member)]

Kensuke Nakanobo

Date of birth: May 11, 1963

Career history: April 1987 Joined the Company

November 2009 General Manager, Planning and Coordination Division, Terminal Development Business Headquarters, the Company

June 2013 General Manager, ABENO HARUKAS Business Headquarters, the Company

April 2015 General Manager, HARUKAS Operation Division,

June 2018 Representative Director and President, NTT Marketing Act Co., Ltd.