Reasons for appointment
Mr. Katsuhiro Teramoto has served as Representative Director since June 2015, and has appropriately led and supervised management. In addition, after serving as Vice President of Accessibility Innovations Company and Senior General Manager of Corporate Planning Division, he currently serves as the President, a position bearing the highest responsibilities for business execution, and has broad experience at the Company and extensive insight concerning global business. Due to these factors, he has been determined to be an appropriate person to realize sustainable improvement in corporate value,  and thus appointed as Director.

Reasons for appointment
Mr. Shinji Juman has engaged in management of the Company as Director since March 2017, and has effectively fulfilled its roles and duties. After serving as President of Nabtesco Automotive Corporation and President of Precision Equipment Company, he currently serves as Managing Executive Officer, Component Solution Segment, President of Power Control Company and is in charge of Production Innovation, and has broad experience and extensive insight as a corporate manager. Due to these factors, he has been determined to be an appropriate person to realize sustainable improvement in corporate value, and thus appointed as Director.

Reasons for appointment
Mr. Daisuke Hakoda has engaged in management of the Company as Director since June 2015, and has effectively fulfilled its roles and duties. After being engaged mainly in the areas of corporate planning as well as accounting and finance for many years, he currently serves as President of Accessibility Innovations Company, and has broad experience and extensive insight as a corporate manager. Due to these factors, he has been determined to be an appropriate person to realize sustainable improvement in corporate value, and thus appointed as Director.

Reasons for appointment
Mr. Toshiaki Akita has engaged in management of the Company as Director since March 2018, and has effectively fulfilled its roles and duties. After serving as General Manager of Engineering Promotion Department, Railroad Products Company and Deputy Senior General Manager of Technology and R&D Division, etc., he currently serves as Senior General Manager of Technology and R&D Division, and has broad experience and extensive insight concerning technology overall. Additionally, he has experience as a corporate manager, including his role as President of NABTEC Co., Ltd. Due to these factors, he has been determined to be an appropriate person to realize sustainable improvement in corporate value, and thus appointed as Director.

Reasons for appointment
Mr. Shigeru Naoki has engaged in management of the Company as Director since March 2019, and has effectively fulfilled its roles and duties. After serving as Plant Manager of Tsu Plant of Precision Equipment Company, he currently serves as President of Railroad Products Company, and has experience and extensive insight as the manager of a broad range of business areas at the Company. Due to these factors, he has been determined to be an appropriate person to realize sustainable improvement in corporate value, and thus appointed as Director.

Reasons for appointment
Mr. Kazumasa Kimura has engaged in management of the Company as Director since March 2019, and has effectively fulfilled its roles and duties. After serving as General Manager of Manufacturing Department, Precision Equipment Company, General Manager of Production Management Department, Power Control Company and President of Power Control Company, he is currently in charge of Corporate Planning, Accounting & Finance, Information Systems as well as Corporate Communication, and has broad experience at the Company and extensive insight concerning production. Due to these factors, he has been determined to be an appropriate person to realize sustainable improvement in corporate value, and thus appointed as Director.

Reasons for appointment
Mr. Yutaka Fujiwara has worked overseas for a number of years and has broad experience and extensive knowledge and insight on global business. He has expertise in advanced corporate strategies and financial affairs, having been in charge of the financial affairs and investor relations sectors of a listed company, and as an Outside Director of the Company from June 2013, he has appropriately supervised management. The Company, having high regard for his experience and insight, has appointed Mr. Yutaka Fujiwara as Outside Director, so that he provides supervision and advice utilizing his knowledge.

Reasons for appointment
Mr. Norio Uchida has served as Representative Director of TOPCON CORPORATION and has broad experience and extensive knowledge and insight as a corporate manager, and as an Outside Director of the Company from June 2015, he has appropriately supervised management. The Company, having high regard for his experience and insight, has appointed Mr. Norio Uchida as Outside Director, so that we may seek his supervision and advice on technical development and global business overall.

Reasons for appointment
Although Ms. Mari Iizuka has not been directly involved in corporate management, she has a high level of expertise in the fields of global management human resources and international management strategies as a Professor of Doshisha Business School. She also held various posts including Chair of Japan Global Compact Academic Network, which was established for collaboration between business and academia for achievement of Sustainable Development Goals (SDGs). The Company, having high regard for her experience and insight,  has appointed Ms. Mari Iizuka as Outside Director, so that we may seek her supervision and advice utilizing her expertise and insight based on the above.

Reasons for appointment
Although Ms. Naoko Mizukoshi has not been involved in corporate management except as an outside director, she has a high level of expertise as an attorney-at-law. She also held various posts including outside officers of other business entities and posts in public offices including a member of Unfair Competition Prevention Subcommittee, Intellectual Property Committee, Industrial Structure Council, Ministry of Economy, Trade and Industry. The Company, having high regard for her experience and insight, has appointed Ms. Naoko Mizukoshi as Outside Director, so that we may seek her supervision and advice from decisions from an objective and legal viewpoint based on the above.