Sanyo Special Steel : Notice of Changes in Board Members and Officers

Translation for reference

February 17, 2023

Sanyo Special Steel Co., Ltd.

Notice of Changes in Board Members and Officers

1. Changes in Board Members and Officers as of April 1, 2023

1. Changes in the division of business responsibilities and delegation of office < Director, Member of the Board and Managing Executive Officer >

Name	New responsibilities	Current responsibilities
OMAE Kozo	Supervises the Overseas Marketing Department and	Supervises the Overseas Marketing Department.
	Formed & Fabricated Products Division.	In charge of the Sales Planning & Administration
	In charge of the Sales Planning & Administration	Department, Sales Department for Bearings, Sales
	Department, Sales Department for Bearings, Sales	Department for Automobiles & Industrial Machinery,
	Department for Automobiles & Industrial Machinery,	Special Products Sales Department, Osaka Branch,
	Special Products Sales Department, Osaka Branch,	Nagoya branch, Hiroshima Branch, Kyushu Sales
	Nagoya branch, Hiroshima Branch, and Kyushu Sales	Office and Formed & Fabricated Products Division.
	Office.	Serves as General Manager, Head of Tokyo Regional
	Serves as General Manager, Head of Tokyo Regional	Office.
	Office.	Rendering assistance to the director in charge of the
	Rendering assistance to the director in charge of the	Metal Powder Manufacturing & Sales Division on
	Metal Powder Manufacturing & Sales Division on	sales related matters.
	sales related matters.	Rendering assistance to the director in charge of the
	Rendering assistance to the director in charge of the	Corporate Planning Department on sales related
	Corporate Planning Department on sales related	matters of Ovako AB and Sanyo Special Steel
	matters of Ovako AB and Sanyo Special Steel	Manufacturing India Pvt. Ltd.
	Manufacturing India Pvt. Ltd.	Rendering assistance to the Leader of DX (digital
	Rendering assistance to the Leader of DX (digital	transformation) Promotion Project Team.
	transformation) Promotion Project Team.
< Executive Councilor >

	Name	New responsibilities	Current responsibilities
	OGURA Tomohiko	In charge of the Overseas Marketing Department and	In charge of the Overseas Marketing Department.
		Formed & Fabricated Products Division.	Serves as Deputy General Manager of Tokyo Regional
		Serves as Deputy General Manager of Tokyo Regional	Office.
		Office.	Rendering assistance to Managing Executive Officer
		Rendering assistance to Managing Executive Officer	OMAE Kozo on sales related matters of Ovako AB
		OMAE Kozo on sales related matters of Ovako AB	and Sanyo Special Steel Manufacturing India Pvt. Ltd.
		and Sanyo Special Steel Manufacturing India Pvt. Ltd.
(2) Retirement of Executive Officer
	Name	New title	Current title
	KUNISADA	Advisor of the HAMADA-UNSO Co. Ltd.	Chief Operating Officer of the Sanyo Special
	Masanori	(Scheduled to be appointed as Managing Director	Steel Manufacturing India Pvt. Ltd.
		of the company in May 2023)

2. Changes in Officers as of late June, 2023

Note: It will be officially resolved at the meeting of the Board of Directors to take place immediately after the Annual Meeting of Shareholders to be held in late June 2023. (The current title shows as of April 1, 2023.)

(1) Retirement of Senior Advisor

	Name	New title(planned)	Current title
	HIGUCHI Shinya	-	Senior Advisor
(2) Appointment of new Executive Officer
	Name	New title(planned)	Current title
	OGURA Tomohiko	Executive Officer	Executive Councilor
		In charge of the Overseas Marketing Department	In charge of the Overseas Marketing Department
		and Formed & Fabricated Products Division.	and Formed & Fabricated Products Division.
		Serves as Deputy General Manager of Tokyo	Serves as Deputy General Manager of Tokyo
		Regional Office.	Regional Office.
		Rendering assistance to Managing Executive	Rendering assistance to Managing Executive
		Officer OMAE Kozo on sales related matters of	Officer OMAE Kozo on sales related matters of
		Ovako AB and Sanyo Special Steel	Ovako AB and Sanyo Special Steel
		Manufacturing India Pvt. Ltd.	Manufacturing India Pvt. Ltd.

(3) Appointment of new Executive Councilor

Name	New title(planned)	Current title
SUGANO Shinichi	Executive Councilor	General Manager, Head of General
	Serves as General Manager, Head of General	Administration Department and Improve
	Administration Department and Improve	Efficiency Working Group Leader of DX (digital
	Efficiency Working Group Leader of DX (digital	transformation) Promotion Project Team
	transformation) Promotion Project Team.
NAKAHORI	Executive Councilor	General Manager, Head of Sales Department for
Hideki	Serves as General Manager, Head of Sales	Bearings
	Department for Bearings.
NISHIMURA	Executive Councilor	General Manager, Head of Tube Manufacturing
Nobuki	Serves as General Manager, Head of Tube	Department
	Manufacturing Department.
HASEGAWA	Executive Councilor	General Manager, Head of Bar & Wire
Tetsuya	Serves as General Manager, Head of Bar & Wire	Manufacturing Department
	Manufacturing Department.
		END

Please note that the official text of this document has been prepared in Japanese. To the extent there is any discrepancy between the English translation and original Japanese version, please refer to the Japanese version.

(Reference)

Expected Management Structure as of late June 2023

Titles	Name	Division of business responsibilities and delegation of office
Representative Director and	*MIYAMOTO	Presides overall management.
President	Katsuhiro	Serves as Leader of DX (digital transformation) Promotion Project
		Team.
Director, Member of the Board	TAKAHASHI Kozo	Supervises the Accounting & Finance Department.
and Managing Executive Officer		In charge of the Corporate Planning Department, Computer
		Systems Planning Office, Personnel & Labor Relations
		Department, General Administration Department, Internal Control
		& Audit Department, and Procurement Department.
		Serves as Deputy Leader of DX (digital transformation) Promotion
		Project Team.
	OI Shigehiro	Supervises the Environmental Management Department, and Slag
		Products Manufacturing & Sales Office.
		In charge of the Safety & Disaster Prevention Department,
		Production Planning & Administration Department, Industrial
		Engineering Office, Equipment Department, Steelmaking
		Department, Bar & Wire Manufacturing Department, and Tube
		Manufacturing Department.
		Serves as Deputy Leader of DX (digital transformation) Promotion
		Project Team.
		Rendering assistance to the director in charge of the Metal Powder
		Manufacturing & Sales Division on production related matters.
		Rendering assistance to the director in charge of the Corporate
		Planning Department on manufacturing technology related matters
		of Ovako AB and Sanyo Special Steel Manufacturing India Pvt.
		Ltd.
	OMAE Kozo	Supervises the Overseas Marketing Department and Formed &
		Fabricated Products Division.
		In charge of the Sales Planning & Administration Department,
		Sales Department for Bearings, Sales Department for Automobiles
		& Industrial Machinery, Special Products Sales Department,
		Osaka Branch, Nagoya branch, Hiroshima Branch, and Kyushu
		Sales Office.
		Serves as General Manager, Head of Tokyo Regional Office.
		Rendering assistance to the director in charge of the Metal Powder
		Manufacturing & Sales Division on sales related matters.
		Rendering assistance to the director in charge of the Corporate
		Planning Department on sales related matters of Ovako AB and
		Sanyo Special Steel Manufacturing India Pvt. Ltd.
		Rendering assistance to the Leader of DX (digital transformation)
		Promotion Project Team.
	YANAGIMOTO Katsu	In charge of the Metal Powder Manufacturing & Sales Division,
		Research & Development Center, Technical Planning &
		Administration Department, and Quality Assurance Department.
		Rendering assistance to the director in charge of the Formed &
		Fabricated Products Division on technology related matters.
		Rendering assistance to the director in charge of the Corporate
		Planning Department on technology and research development
		related matters of Ovako AB and Sanyo Special Steel
		Manufacturing India Pvt. Ltd.
		Rendering assistance to the Leader of DX (digital transformation)
		Promotion Project Team.

Note: Asterisk (*) indicate Member of the Nomination & Compensation Advisory Committee

Titles	Name	Division of business responsibilities and delegation of office
Independent External Director,	*USUKI Masaharu
Member of the Board
*FUJIWARA Kayo
Director, Member of the Board	SONODA Hiroto
Director, Member of the Board	NAGANO Kazuhiko
and Senior Audit & Supervisory
Committee Member
Independent External Director,	*YOGI Hiroshi
Member of the Board and Audit
*TOIDE Iwao
& Supervisory Committee
Member
Note: Asterisk (*) indicate Member of the Nomination & Compensation Advisory Committee
Titles	Name	Division of business responsibilities and delegation of office
Managing Executive Officer	HIRAOKA Kazuhiko	Serves as General Manager, Head of Research & Development
		Center.
	YATSUNAMI Takashi	In charge of the Accounting & Finance Department.
		Serves as General Manager, Head of Corporate Planning
		Department.
Executive Officer	MORISHITA Norihiko	Serves as General Manager, Head of Production Planning &
		Administration Department and Organizer of DX (digital
		transformation) Promotion Project Team.
	AOTA Hidetoshi	Serves as General Manager, Head of Osaka Branch, Hiroshima
		Branch, and Kyushu Sales Office.
	SHIMIZU Katsuhisa	In charge of the Environmental Management Department, and Slag
		Products Manufacturing & Sales Office.
		Serves as Plant Manager, General Manager, Head of Safety &
		Disaster Prevention Department, Safety and Health Manager, and
		Disaster Prevention Manager.
	OUCHI Hiroaki	Serves as General Manager, Head of Technical Planning &
		Administration Department and Process Innovation Working
		Group Leader of DX (digital transformation) Promotion Project
		Team.
	TACHIBANA	Serves as General Manager, Head of Personnel & Labor Relations
	Yoshitaka	Department.
	SUDA Atsuko	Serves as General Manager, Head of Internal Control & Audit
		Department.
	OGURA Tomohiko	In charge of the Overseas Marketing Department and Formed &
		Fabricated Products Division.
		Serves as Deputy General Manager of Tokyo Regional Office.
		Rendering assistance to Managing Executive Officer OMAE Kozo
		on sales related matters of Ovako AB and Sanyo Special Steel
		Manufacturing India Pvt. Ltd.
Executive Councilor	YAMAMOTO	Serves as General Manager, Head of Metal Powder Manufacturing
	Masatoshi	& Sales Division.
	KOMATSU Takashi	PRESIDENT & DIRECTOR GENERAL of Sanyo Special Steel
		Manufacturing de México, S.A. de C.V.
	SUGANO Shinichi	Serves as General Manager, Head of General Administration
		Department and Improve Efficiency Working Group Leader of DX
		(digital transformation) Promotion Project Team.
	NAKAHORI Hideki	Serves as General Manager, Head of Sales Department for
		Bearings.
	NISHIMURA Nobuki	Serves as General Manager, Head of Tube Manufacturing
		Department.
	HASEGAWA Tetsuya	Serves as General Manager, Head of Bar & Wire Manufacturing
		Department.

END