Tokyo Century : Announcement of Change of Representative Directors and Organizational and Personnel Changes

March 7, 2022

For Reference Only

Announcement of Change of Representative Directors and Organizational and Personnel Changes

Tokyo Century Corporation (the "Company") has resolved the change of its Representative Directors and organizational and personnel changes at its Board of Directors' meeting held on March 7, 2022, and informally decided part of corporate officer changes as of the date of the Annual General Meeting of Shareholders to be held in June 2022.

1. Change of Representative Directors

1. Reason for the change
   Due to further enhance the Company's management structure.
2. Details of the change

Name	New	Current
Makoto Nogami	Director	President & CEO, Representative Director
Koichi Baba	President & CEO, Representative Director	Director and Senior Managing Executive
Officer

(scheduled on June 27, 2022)

Name	New	Current
Shunichi Asada	Director*1	Chairman, Representative Director
Masataka Yukiya	Chairman, Representative Director*2	Deputy President, Representative Director
and Executive Officer
Notes:

1. ShunichiAsada will assume the office of Director following a resolution at theAnnual General Meeting of Shareholders to be held on June 27, 2022.
2. Masataka Yukiya will assume the office of Chairman, Representative Director following resolutions at the Annual General Meeting of Shareholders to be held on June 27, 2022 and the Board of Directors' meeting to be held after the Annual General Meeting of Shareholders.
3. • 1 -

(3) Summary of newly appointed Representative Director

Position as of	President & CEO, Representative Director
April 1, 2022
Name	Koichi Baba
Date of birth	May 14, 1961
Career summary	June 2014	Executive Officer
		General Manager of Corporate Planning Division and
		Deputy President, Administrative System Unit of the Company
	April 2015	Executive Officer
		President, IT Unit and General Manager of Corporate Planning Division of
		the Company
	April 2016	Managing Executive Officer
		President, Corporate Planning Unit and Accounting Unit
		General Manager of Corporate Planning Division of the Company
	April 2018	Senior Managing Executive Officer
		President, Corporate Planning Unit and Accounting Unit of the Company
	June 2018	Director and Senior Managing Executive Officer
		President, Corporate Planning Unit and Accounting Unit of the Company
	April 2020	Director and Senior Managing Executive Officer
		President, Corporate Planning Unit of the Company
Number of shares of	4,100
the Company held

2. Organizational Changes (as of April 1, 2022)

1. Changes in Divisions

1. Digital Business Development Division will be established within Corporate Business Unit III.
2. Asia Business Division within International Business Unit will be renamed as Global Business Division I.
3. Americas and Europe Business Division within International Business Unit will be renamed as Global Business Division II.
4. International Products Development Division within International Business Development Unit will be eliminated and its function will be transferred to Global Business Division I.

1. Change in Office

Investment Management Office was transferred to Credit Supervision Division III from Corporate Planning Division.

- 2 -

3. Personnel Changes

Executive Officer (Promoted) (As of April 1, 2022)

Name	New	Current
	Senior Managing Executive Officer	Managing Executive Officer
	President, International Business Development	President, International Business Development
Toshio Kitamura	Unit	Unit
	President, International Business Unit	President, International Business Unit
	Vice Chairman of CSI Leasing, Inc.	Vice Chairman of CSI Leasing, Inc.
	Managing Executive Officer	Executive Officer
Yoshihiro Ueda	Deputy President, Specialty Finance Business	Deputy President, Specialty Finance Business
Unit I	Unit I
	General Manager of Aviation Finance Division	General Manager of Aviation Finance Division
	Managing Executive Officer	Executive Officer
Minoru Kuwahara	Deputy President, Specialty Finance Business	Deputy President, Specialty Finance Business
	Unit II	Unit II

Executive Officer (Newly appointed) (As of April 1, 2022)

Name	New	Current
Masatoshi Hiraga	Executive Officer	―
Director SVP of CSI Leasing, Inc.
	Executive Officer
Tatsuo Hayama	Director and Senior Managing Executive	―
	Officer of TC Kobelco Real Estate Co., Ltd.
	Executive Officer
	Deputy President, Equipment Leasing
Hideharu Suekane	Business Development Unit	―
	General Manager of Equipment Leasing
	Strategic Planning Division
	Executive Officer
Masaaki Teragami	General Manager of Mobility Business	―
	Strategic Planning Division

- 3 -

Executive Officer (Changes in positions, responsibilities, etc.) (As of April 1, 2022)

	Name	New	Current
		Deputy President, Director and Executive
		Officer	Deputy President, Director and Executive
	Akihiko Okada	President, Audit Unit	Officer
		President & CEO, Representative Director of	Responsible for Audit Unit
		TC Business Experts Corporation
			Director and Managing Executive Officer
		Director and Managing Executive Officer	President, Accounting Unit
	Tatsuya Hirasaki	President, Corporate Planning Unit	Deputy President, Corporate Planning Unit
		President, Accounting Unit	General Manager of Corporate Planning
			Division
			Managing Executive Officer
	Seiichi Mizuno	Managing Executive Officer	President, Audit Unit
	Deputy President, Corporate Planning Unit	President & CEO, Representative Director of
			TC Business Experts Corporation
Executive Officer (Retirement)
(As of March 31, 2022)
	Name	New	Current
			Senior Managing Executive Officer
	Yasushi Yoshino	Retirement	Deputy President, Corporate Planning Unit
			General Manager of DX Strategy Division
			Executive Officer
	Hiroaki Ogino	Retirement	Deputy President, Specialty Finance Business
			Unit I
		Retirement	Executive Officer
	Kimio Kozuka	Deputy President, Representative Director of	Deputy President, Representative Director of
		Fujitsu Leasing Co., Ltd.	Fujitsu Leasing Co., Ltd.
			Executive Officer
	Masahiro Oohata	Retirement	Deputy President, Equipment Leasing Business
			Development Unit
			Executive Officer
	Yoichi Matsumoto	Retirement	Deputy President, International Business Unit
	Chief Officer, East Asia Region, International
			Business Unit
		- 4 -

Other personnel changes as of April 1, 2022

Name	New	Current
Yukihiko Aoki	General Manager of Corporate Planning	General Manager of Personnel Division
Division
	Deputy President, Corporate Business Unit I
Takayuki Shigekane	General Manager of Corporate Business	―
	Division V
Takamasa Itou	Deputy President, Corporate Business Unit II	―
	Deputy President, Corporate Business Unit III
Etsuji Kitami	General Manager of Digital Business	―
	Development Division
Takahiro Morishima	General Manager of DX Strategy Division	―
Junichi Kataoka	General Manager of Accounting Division	―
Osamu Nakano	General Manager of Personnel Division	―
Masaru Yanagida	General Manager of Sapporo Branch	―
Hiroyuki Fujita	General Manager of Shizuoka Branch	―
Satoru Ogawa	General Manager of Ship Finance Division	―
Takahiro Takeuchi	General Manager of Environment & Energy	―
Business Division I
	General Manager of Real Estate Finance
Yoshihiko Muraoka	Division II	―
General Manager of Medical & Healthcare
	Division
		General Manager of International Products
Kuniaki Tanaka	General Manager of Global Business Division I	Development Division
		General Manager of Asia Business Division
Norikazu Morimoto	General Manager of Global Business Division II	General Manager of Americas and Europe
Business Division

- 5 -