KOSÉ Corporation will make following appointments and changes in executives scheduled for March 21, 2020 and late June 2020. The aim of these actions is to strengthen the company's management and the operation of business activities. Mr. Iwao Toigawa plans to retire as Director (External) at the close of the shareholders meeting scheduled for late June 2020. The Audit & Supervisory Board Members plan to retire at the close of the shareholders meeting scheduled for late June 2020 - Kazuhiro Suzuki as Standing Audit & Supervisory Board Member and Nobuo Iwafuchi as Audit & Supervisory Board Member (External /Part-time). Changes in Executive Officers' responsibilities (effective March 21, 2020) - Masahiro Horita: Current position is Executive Officer, General Manager of Product Development Dept. and Beauty Development Dept and New position is Executive Officer, Deputy General Manager of Marketing Headquarters and General Manager of Product Development Dept. Noriyuki Arai: Current position is Executive Officer Director, General Manager of Business Development Dept., KOSÉ SALES CO., LTD and New position is Executive Officer Director, General Manager of Strategic Business Sales Operation Dept., KOSÉ SALES CO., LTD. Promoted Executive Officers (effective March 21, 2020) - Koichi Shinmoto: Current position is Executive Officer, General Manager of Manufacturing Dept. President of KOSÉ INDUSTRIES CO., LTD and New position is Senior Executive Officer, in charge of Supply Chain Management, Manufacturing and Procurement, General Manager of Manufacturing Dept President of KOSÉ INDUSTRIES CO., LTD. Minoru Ushimura: Current position is Executive Officer, General Manager of Personnel Dept. and New position is Senior Executive Officer, General Manager of Personnel Dept. Shinichi Mochizuki: Current position is Executive Officer, General Manager of Accounting and Finance Dept. and New position is Senior Executive Officer, General Manager of Accounting and Finance Dept. New Executive Officers (effective March 21, 2020) - Akira Matsubara: Current position is General Manager of Digital Marketing Div. and New position is Executive Officer, General Manager of Digital Marketing Strategy Div. Yasuhiro Miyata: Current position is President of KOSÉ COSMETICS SALES (CHINA) CO., LTD. and New position is Executive Officer, General Manager of Asia Business Div. President of KOSÉ COSMETICS SALES (CHINA) CO., LTD. Retiring Executive Officers (effective March 21, 2020) - Jiro Nakabayashi: Current position is Senior Executive Officer, in charge of Supply Chain Management, Manufacturing and Procurement and New position is Senior Advisor, President Office. Tomoyuki Nio: Current position is Executive Officer, General Manager of Asia Operations Dept. and New position is Corporate officer,Executive General Manager of Export Operations Dept.,International business Div. of ALBION CO.,LTD.