Yahoo Japan : Notification on Appointment of Directors(2017/5/19) PDF (67KB)

To whom it may concern

May 19, 2017

Yahoo Japan Corporation Manabu Miyasaka President and CEO

Stock Code: 4689

Notification on Appointment of Directors

Yahoo Japan Corporation (the "Company") hereby announces that the Board of Directors resolved, at its meeting held today, the prospective appointment of directors as indicated below.

Please note that this is expected to be officially determined with the approval of the shareholders at the 22nd Ordinary General Meeting of the Shareholders to be held on June 20, 2016.

1. Name of the newly appointed director candidates (not serving on the audit and supervisory committee), profile and reason for nomination:

2. Arthur Chong

   September 1978 Associate, McCutchen, Doyle, Brown & Enersen April 1981 Counsel, McKesson Corp.

   June 1999 Deputy General Counsel, McKesson Corp.

   November 2005 Executive Vice President and Chief Legal Officer, Safeco Corp. October 2008 Executive Vice President, General Counsel and Secretary, Broadcom

   Corporation

   June 2016 Special Advisor, Sheppard, Mullin, Richter & Hampton LLP October 2016 Outside Legal Advisor, Yahoo! Inc.

   March 2017 General Counsel and Secretary, Yahoo! Inc. (to present)

   Reason for nomination

   Mr. Arthur Chong has a great deal of knowledge and experience in the legal field and on corporate governance. The Company has elected him for appointment as an outside director candidate because the Company believes that he will be able to give valuable advice based on such knowledge and experience.

3. Alexi A. Wellman

June 1992 Accountant, Mutual of Omaha January 1994 Joined KPMG LLP

October 1999 Senior Manager, KPMG LLP October 2004 Partner, KPMG LLP

December 2011 Chief Financial Officer, Nebraska Book Company, Inc. November 2013 Vice President, Finance, Yahoo! Inc.

October 2015 Vice President, Global Controller, Yahoo! Inc. (to present)

Reason for nomination

Ms. Alexi A. Wellman has a great deal of knowledge and experience in the finance and accounting fields. The Company has elected her for appointment as an outside director candidate because the Company believes that she will be able to give valuable advice based on such knowledge and experience.

4. Name of the candidates for substitute directors, profile and reason for nomination:

1. Kyoko Uemura

   April 1994 Assistant Judge, Osaka District Court April 1996 Assistant Judge, Mito District Court April 1999 Assistant Judge, Tokyo District Court

   April 2002 Assistant Judge, Numazu Branch, Shizuoka Family Court April 2004 Judge, Numazu Branch, Shizuoka Family Court

   April 2005 Judge, Yokohama District Court

   April 2008 Registered as Attorney-at-law (Daiichi Tokyo Bar Association) June 2009 Corporate Auditor, Yahoo Japan Corporation

   June 2015 Retired from Corporate Auditor, Yahoo Japan Corporation

   Reason for nomination

   Ms. Kyoko Uemura has a wealth of knowledge and experience amassed through her many years of activity as a judge and attorney-at-law. During the six years from 2009 to 2015, she contributed to the strengthening of corporate governance and to the improvement of the corporate auditing system as outside auditor of the Company. Therefore, the Company has elected her for appointment as a candidate for a substitute director serving on the Audit and Supervisory Committee of the Company.

   Ms. Kyoko Uemura satisfies the requirements of an independent director as prescribed by the Tokyo Stock Exchange, Inc. If she is elected as proposed, the Company intends to notify her as an independent director to the Tokyo Stock Exchange, Inc.

2. Kazuko Kimiwada

September 1982 Passed the second stage of the Certified Public Accountant examination April 1983 Joined Deloitte Haskins & Sells Certified Public Accountant Joint Firm

(currently Deloitte Touche Tohmatsu LLC.)

August 1986 Passed the third stage of the Certified Public Accountant examination and registered as a Certified Public Accountant

April 1995 Joined Mallinckrodt Medical Co., Ltd. Manager, Management Division February 1996 Joined SoftBank Corp. Japan (currently SoftBank Group Corp.)

Accounting Section Manager, Finance & Accounting Department

October 2000 General Manager, Accounting Department, SoftBank Corp. (currently SoftBank Group Corp.)

November 2004 General Manager, Accounting Department and Group Management Department, SoftBank Corp. (currently SoftBank Group Corp.)

April 2007 General Manager, Accounting Department and Internal Control Department, SoftBank Corp. (currently SoftBank Group Corp.)

July 2012 Corporate Officer, General Manager, Accounting Department and Internal Control Department, SoftBank Corp. (currently SoftBank Group Corp.)

June 2014 Audit & Supervisory Board Member, SoftBank Mobile Corp. (currently SoftBank Corp.) (to present)

September 2016 Corporate Officer, Head of Accounting Unit, General Manager, Accounting Department and Internal Control Department, SoftBank Group Corp. (to present)

Reason for nomination

Ms. Kazuko Kimiwada is an experienced Certified Public Accountant and serves as Corporate Officer, Head of Accounting Unit and General Manager of Accounting Department and Internal Control Department of the SoftBank Group Corp., the parent company of the Company. The Company has elected her for appointment as a candidate for a substitute director serving on the Audit and Supervisory Committee of the Company, based on her abundant knowledge and experience in the finance and accounting fields.

Disclaimer

This is an English translation of the captioned release. This translation is prepared and provided for the purpose of the reader's convenience. All readers are recommended to refer to the original version in Japanese of the release for complete information.