Kintetsu World Express : Organizational Changes

March 19, 2024

Organizational Changes

Kintetsu World Express, Inc. is pleased to announce the following organizational changes effective April 1, 2024.

1. Establishment of the Department
   As part of further strengthening the business platform, the following organization will be newly established to clarify authority and duties of the Corporate Division and the Administration Department of the Company (non-consolidated: KWE Japan).
2. 1. General Affairs Department
      Under the jurisdiction of the Corporate Planning & Administration Department (CPA).
   2. Human Resources Department
      The Corporate Human Resources Department (CHR) has been abolished, and the authority and duties related to KWE Japan's human resources and labor affairs previously performed by CHR have been transferred to the Human Resources Department.
   3. Finance & Accounting Department
      Under the jurisdiction of the Corporate Finance & Accounting Department (CFA).
   4. Information Systeｍ Department
      Under the jurisdiction of the Corporate Information Technology Department (CIT).
3. Establishment of the Division

The following organizations will be newly established within the department.

1. Corporate Planning & Administration Department (CPA)
2. • Global Credit Management Division
     Credit management and transaction screening for the KWE Group (excluding the APLL Group).

• Sustainability Development Division

Planning and development of sustainability activities of the KWE Group.

1. Human Resources Department
2. • Global Human Resources Development Division
     Development of the global human management system of the KWE Group (excluding the APLL Group).

3. Change of Jurisdiction

1. Internal Control Division

Change the jurisdiction from CPA Department to General Affairs Department.

1. Kintetsu Global I.T., Inc.

Change the jurisdiction from CIT Department to CPA Department.

1. Background of Organizational Change
   This decision was made to establish a strong organization in which the entire group functions organically and maximizes the effectiveness of the individual strategies set forth in the Management Plan 2027.
2. Date of change: April 1, 2024