Sato : Announcement regarding the new executive management team

3/9/2020

SATO Holdings Corporation, following a resolution at its Board of Directors meeting held today, announced changes to the executive team to take effect on April 1, 2020, and candidates for Directors and the Audit & Supervisory Board to be nominated for resolution at the General Meeting of Shareholders scheduled for June 19, 2020.

1. Candidates for Director

Reappointments:

Name	Current position
Ryutaro Kotaki	President and CEO
Yoichi Abe	Director, Vice President and CFO
Tatsuo Narumi	Director, Chair of the Board
Yuko Tanaka	External Director
Ryoji Itoh	External Director
Hideo Yamada	External Director

New:

Name	Current position
Hiroyuki Konuma	Director and Vice President; President of SATO Corporation, overseeing global business (Background) Jul. 2000: Joined SATO Corporation Apr. 2010: General Manager, Medical Department, Tokyo Sales Headquarters Apr. 2013: President, Healthcare Company, SATO Corporation Apr. 2014: President, SATO Healthcare Co., Ltd. Jul. 2015: Executive Officer, Chief Wellness Officer Apr. 2019: Vice President; President of SATO Corporation, overseeing RFID business
Sadayoshi Fujishige	External Director (Background) Mar. 2004: Representative Director, President and CEO, Lion Corporation Jan. 2012: Representative Director, Chairman and CEO, Lion Corporation Apr. 2012-current: External Director, Showa Nishikawa Co., Ltd. Jun. 2014-current: Chairman, Japan Table Tennis Association Mar. 2016-current: Advisor, Lion Corporation Jun. 2016-current: Chairman, Advertising Council Japan May 2019-current: Chairman, Japan Marketing Association

Resignations:

Name	Current position
Mitsuaki Shimaguchi	External Director
Chieko Matsuda	External Director

2. Candidates for Audit & Supervisory Board

Name	Current position
Nobuhiro Yokoi
Junichi Nagakura
Takao Yamaguchi
Noriko Yao*	External Audit & Supervisory Board member

*Reappointment Yokoi, Nagakura and Yamaguchi are not subject to re-election in fiscal 2020.

Reference: Responsibilities of Executive Officers (effective April 1, 2020)

Name	Executive title	Responsibilities
Ryutaro Kotaki	President	CEO
Yoichi Abe	Director Vice President	Chief Financial Officer (CFO)
Hiroyuki Konuma*	Vice President	President, SATO Corporation Oversees global business
Yoshinori Sasahara	Vice President	Chief Wellness Officer (CWO) Director and Vice President, SATO Corporation General Manager of Production (Product Creation)** Oversees Japan business
Kenji Ushiki	Executive Officer	Director, SATO Corporation General Manager of R&D (Value Creation)**
Maria Olcese	Executive Officer	Head of South America General Manager, Achernar S.A.
Hironori Onishi	Executive Officer	Director, SATO Corporation Head of Japan sales
Noriyasu Yamada	Executive Officer	Chief Alliance Officer (CAO) Oversees Product Planning, R&D and RFID business in SATO Corporation
Goro Yumiba	Executive Officer	Head of North & Central Americas Chairperson and CEO, SATO America, LLC
Hayato Shindo	Executive Officer	Head of global sales, SATO Corporation

*Hiroyuki Konuma is a candidate for Director to be nominated for resolution at the General Meeting of Shareholders scheduled for June 19, 2020. **New department names are tentative as at this announcement.