Nippon Denkai,Ltd. announced that at the Board of Directors meeting held on May 22, 2023, approved Director scheduled to retire: Yasuhiro Sugimoto. Current Title: Directors who are Audit and Supervisory Committee. Mr. Yasuhiro Sugimoto is scheduled to retire at the completion of the General Shareholders Meeting on June 29, 2023, due to the expiration of his term of service.