Kenedix, Inc. announces that Noboru Kashiwagi is retiring as External Director of the company, and the company has appointed Shuhei Shiozawa as External Director of the company, both effective in late March, 2012. The appointment of Mr. Shuhei Shiozawa as a External Director shall be officially effective after the approval of the company's 17th annual shareholders' meeting to be held in late March, 2012.