JAFCO : Notice Regarding Nomination of New Directors

Microsoft Word - 20150311 nomination of directors.docx

Translation of the Japanese press release

JAFCO Co., Ltd. (Ticker: 8595) Contact: Investor Relations

1-5-1 Otemachi, Chiyoda-ku Tel: [phone]

Tokyo 100-0004 Japan Fax: [phone] http://www.jafco.co.jp [e-mail]

March 11, 2015

Notice Regarding Nomination of New Directors

JAFCO Co., Ltd. has resolved at its Board of Directors meeting held today to make the following nomination of new directors. The nomination and the following resignation of corporate auditors are subject to approval at the Annual Meeting of Shareholders scheduled for June 16, 2015 regarding the amendment of the Articles of Incorporation required for the transition to a "Company with a Board with Audit Committee Structure".

Changes in Directors (as of June 16, 2015)

1. Nominees for new directors (Audit Committee members) Director and Audit Committee Member:

Sadahiko Yoshimura [Corporate Auditor (full-time)] Outside Director and Audit Committee Member:
Koji Tanami [Attorney-at-Law]
Nobuyuki Hata [Professor, Faculty of Economics, Kokugakuin University] Kenichi Akiba [Professor, Graduate School of Accountancy, Waseda University]

2. Corporate auditors scheduled to resign

Sadahiko Yoshimura [Corporate Auditor (full-time)] Takashi Iida [Corporate Auditor]
Nobuyuki Hata [Corporate Auditor]
[Current title]

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Translation of the Japanese press release

3. Profiles of new director nominees (Audit Committee members)
Name: Sadahiko Yoshimura
Date of Birth: October 18, 1947
Professional Experience:
October 1973 Joined Tetsuzo Ota & Co. (currently Ernst & Young ShinNihon LLC) May 1996 Board Member, Showa Ota & Co. (currently Ernst & Young ShinNihon
LLC)
May 2002 Executive Board Member, Shin Nihon & Co. (currently Ernst & Young
ShinNihon LLC)
May 2004 Vice Chairman, Shin Nihon & Co.
August 2008 Senior Advisor, Ernst & Young ShinNihon LLC March 2009 Resigned from Ernst & Young ShinNihon LLC
April 2010 Special University Professor, Aoyama Gakuin University Graduate School
of Professional Accountancy (Present) June 2010 Corporate Auditor, JAFCO
June 2012 Corporate Auditor (full-time), JAFCO (Present)
■Outside Director
Name: Koji Tanami
Date of Birth: September 10, 1939
Professional Experience:
April 1964 Joined Ministry of Finance
July 1994 Director-General of the Financial Bureau, Ministry of Finance
July 1996 Chief Cabinet Councillor for Internal Affairs, Cabinet Secretariat
January 1998 Administrative Vice Minister, Ministry of Finance
September 1999 Special Advisor to the Minister of Finance
June 2001 Deputy Governor and Managing Director, Japan Bank for International
Cooperation
October 2007 Governor, Japan Bank for International Cooperation
September 2008 Resigned from Governor of Japan Bank for International Cooperation
December 2010 Registered as Attorney-at-Law (Dai-ichi Tokyo Bar Association) Of-Counsel, Hashidate Law Office (Present)
■Outside Director
Name: Nobuyuki Hata
Date of Birth: January 5, 1949
Professional Experience:
April 1974 Joined Nomura Research Institute, Ltd. (NRI) June 1991 Temporarily transferred to JAFCO from NRI
April 1994 Associate Professor, Faculty of Economics, Kokugakuin University April 1995 Professor, Faculty of Economics, Kokugakuin University (Present) August 1999 Visiting Scholar, Stanford University
April 2005 Dean, Faculty of Economics, Kokugakuin University April 2007 Board of Trustee, Kokugakuin University (Present) April 2010 Director, Venture Enterprise Center (Present)
June 2013 Corporate Auditor, JAFCO (Present)

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Translation of the Japanese press release

■Outside Director
Name: Kenichi Akiba
Date of Birth: October 30, 1963
Professional Experience:
September 1986 Joined Eiwa Audit Corporation (currently KPMG AZSA LLC) July 1989 Registered as Certified Public Accountant
September 2001 Technical Manager, The Accounting Standards Board of Japan
April 2007 Technical Director, The Accounting Standards Board of Japan (until
August 2009)
July 2007 Partner, KPMG AZSA & Co. (currently KPMG AZSA LLC)
September 2009 Professor, Graduate School of Accountancy, Waseda University (Present)

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