DAIKYO INCORPORATED : Announcement of Change of Representative Executive Officers

To whom it may concern

Company name : DAIKYO INCORPORATED

May 9, 2018

Representative

: Akira Yamaguchi : Representative Executive Officer, President

Securities code Listing Contact

• : 8840

• : First Section, Tokyo Stock Exchange

• : Koichi Hinago, General Manager, : Group Corporate Planning Department

Announcement of Change of Representative Executive Officers

DAIKYO INCORPORATED (the "Company) hereby announces that at the meeting of the Board of Directors held on May 9, 2018, it has decided on personnel changes of Representative Executive Officers as below.

The personnel changes of Representative Executive Officers are subject to the approvals at the 94th Ordinary General Meeting of Shareholders of the Company(the "Meeting"), to be held on June 22, 2018, and at the Board of Directors meeting to be held after the close of the Meeting.

■Change of Representative Executive Officers

New Position	Previous Position	Continuing Position	Name
Director, President and Representative Executive Officer	Director, Representative Executive Officer, Deputy President and Chief Financial Officer of ORIX Corporation	―	Kazuo Kojima
Resignation	Director, Chairman and Representative Executive Officer	―	Katsutoshi Kadowaki
Resignation	Director, President and Representative Executive Officer Representative Director and President of DAIKYO ASTAGE INCORPORATED	―	Akira Yamaguchi

* Mr.Katsutoshi Kadowaki and Mr.Akira Yamaguchi will be appointed as Senior Adviser of DAIKYO INCORPORATED on June 22, 2018.

• 1. Reason for the change

  In pursuit of higher probability to achieve Medium-term Management Plan along with enhancement of the management structure.

• 2. Biography for the new Representative Executive Officer Please refer to attachment for details.

• 3. Scheduled date of change

  June 22, 2018

(Attachment)

■ Biography for the new Representative Executive Officer, Mr. Kazuo KojimaName

Date of birth BiographyNumber of the Company's shares held

Apr 1980

Kazuo Kojima

July 5, 1956 (61 years old)

Mar 2001

Feb 2005

Jan 2007

Jan 2008

June 2008

Jan 2010

Sep 2010

Jan 2012

Sep 2013

Jan 2014

Jun 2015

1,200 sharesJoined Orient Leasing Co., Ltd. (currently ORIX Corporation) General Manager of Structured Finance Department Executive Officers

Head of Real Estate Finance Headquarters Corporate Senior Vice President Corporate Executive Vice President

Head of Investment Banking Headquarters Director, Corporate Executive Vice PresidentAs of the end of April, 2018

Head of Domestic Sales Administrative Headquarters Chairman, ORIX Rentec Corporation

Chairman, ORIX Auto Corporation Outside Director, Ubiteq, INC.

Head of Global Business Headquarters Director, Representative Executive Officer,

Deputy President and Chief Financial Officer (Present)