Change of Representative Directors and Directors and Reorganization and Appointments as of April 1, 2016

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1 To Whom It May Concern: Listed Company Name Representative Code No. Contact Person TOTO LTD. February 26, 2016 Madoka Kitamura President, Representative 5332 (First Section of Tokyo/Nagoya Stock Exchanges, Fukuoka Stock Exchange) Masanori Akasaka, General Manager of Public & Investors Relations Dept. (TEL: ) Change of Representative s and s and Reorganization and Appointments as of April 1, 2016 At the Board of s Meeting held today, we decided on the change of Representative s. We also would like to inform you that we have selected candidates for director, whose appointment will be proposed at the 150th Ordinary General Meeting of Shareholders. These candidates will be formally approved as directors at the 150th Ordinary General Meeting of Shareholders as well as the Board of s Meeting, which will be held after the General Meeting of Shareholders. On April 1, 2016, we will shift to a new organizational structure to achieve the long-term management plan TOTO V-Plan 2017 and the mid-term management plan for 2014 to With this shift, we will reorganize the Company and change the executive officers in charge. Under the new organizational structure, in order to drive the global growth strategy more powerfully, the following two new organizations will be set up for the overseas housing equipment business: China & Asia and Europe & Americas. 1. Changes in Representative s (1) Reason for changes With the start of FY2016, we will shift to a new organizational structure. (2) Newly Appointed Representative (Change as of April 1, 2016) Noriaki Kiyota Representative Executive Vice President Senior Managing (3) Retiring Representative (Change as of April 1, 2016) Tatsuhiko Saruwatari Representative Executive Vice President 1

2 2. Changes in s (1) Change as of April 1, 2016 Nozomu Morimura Shunji Yamada Senior Managing Managing Senior Managing (2) Changes as of June 29, 2016 (i) Candidate for Newly Appointed Kazuo Sako Taiichi Aso Masatsugu Shimono Managing Managing Outside Senior Senior (Senior Executive Advisor, IBM Japan, Ltd.) (ii) Retiring Tatsuhiko Saruwatari (Retired) (as of April 1) Shunji Yamada (Retired) (as of April 1) * Tatsuhiko Saruwatari and Shunji Yamada will be appointed as an advisor after retiring. 2

3 3. Management and Administrative System as of April 1, 2016 s Representative Chairman of the Board Kunio Harimoto President, Representative Madoka Kitamura In Charge of Global Business Promotion, Management Planning, and Secretary s Office Representative Executive Vice President Representative Executive Vice President Senior Managing Managing Managing Managing Kiyoshi Furube Noriaki Kiyota (Promoted) Nozomu Morimura (Promoted) Soichi Abe Yuichi Narukiyo Ryosuke Hayashi Tatsuhiko Saruwatari In Charge of Sales Groups and Cultural Promotion In Charge of Business Divisions, Faucets & Appliances Business, Internal Audit Office, and in Charge of V-Plan Marketing Innovation In Charge of Sales Promotion Group, Customer Service, Design, and in Charge of V-Plan Domestic Housing Equipment Business In Charge of China & Asia Business, and in Charge of V-Plan Overseas Housing Equipment Business (China & Asia) In Charge of Legal Affairs, Human Resources, Finance and Accounting, Information System Planning, General Affairs, Logistics, Purchasing, Engineering Works, and in Charge of V-Plan Management Resource Innovation In Charge of New-Domain Business Group, Bathroom, Kitchen & Lavatory Vanity, and in Charge of V-Plan New Business Domains and V-Plan Demand Chain Innovation Shunji Yamada Outside Hiroki Ogawa Outside Kazuhiko Masuda Auditors Audit & Supervisory Board Member, Standing Satoshi Miyazaki Audit & Supervisory Board Member, Standing Motohiro Oniki Audit & Supervisory Board Member, Outside Masamichi Takemoto Audit & Supervisory Board Member, Outside Akira Katayanagi 3

4 s Senior Hirotoshi Naka General Manager of Logistics Division, and President and Representative of TOTO Logicom Ltd. Senior Yukihiro Fukuda General Manager of Research Institute Senior Seitaro Oyamada General Manager of Project Sales Division Senior Senior Yasuo Yamada (Promoted) Kazuhito Tanaka President and Representative of TOTO Kansai Sales Ltd. Deputy General Manager of Customer Service Division, and President and Representative of TOTO Maintenance Ltd. Senior Shoji Sakai President and Representative of TOTO Mtec Ltd. Senior Ujisada Hirano General Manager of Human Resource Division Senior Koichi Hirohata General Manager of Sales Coordinating Division Senior Naoki Kamohara President and Representative of TOTO Engineering Ltd. Senior Takatoshi Oshibe General Manager of Kansai Branch Office Senior Shiro Fukumoto Senior Kazuo Sako *1 General Manager of Faucets & Appliances Division, and President and Representative of TOTO Aquatechno Ltd. In Charge of Europe & Americas Business Group, General Manager of Americas Division, President of TOTO Americas Holdings, Inc., President of TOTO U.S.A., Inc., and in Charge of V-Plan Overseas Housing Equipment Business (Europe & Americas) Senior Taiichi Aso *1 In Charge of Restroom Business Group and Production Technology Business Group Senior Ablet Eri (Promoted) General Manager of Purchasing Division Fujio Edo General Manager of Tokyo Branch Office and in Charge of the administration of four Kanto Branch Offices Reiji Hasuo General Manager of Sanitary Ware Division, and President and Representative of TOTO Sanitechno Ltd. Hiroaki Omae General Manager of Retail Sales Division Masamitsu Iseri General Manager of Green Building Materials Division, and President and Representative of TOTO Materia Ltd. Toshiya Kuga General Manager of Kyushu Branch Office Shigeki Inoue Takayuki Shimizu General Manager of Kitchen & Lavatory Vanity Division, and President and Representative of TOTO High Living Ltd. General Manager of Bathroom Division, and President and Representative of TOTO Bath Create Ltd. Satoshi Shirakawa General Manager of Management Planning Division Shuji Inoue General Manager of Production Technology Division Daijiro Nogata Kenichi Suzukawa Jun Miyaji Yoshihito Abe Mikio Horimoto Shinya Tamura General Manager of Asia Oceania Division, and President of TOTO Asia Oceania Pte. LTD. General Manager of Chubu Branch Office General Manager of Advanced Ceramics Division General Manager of Customer Service Division General Manager of Washlet Division, and President and Representative of TOTO Washlet Techno Ltd. General Manager of Global Business Promotion Division Takahiro Yanagihara General Manager of China Division Tomoyuki Taguchi General Manager of Accounting & Finance Division * Changes are underlined. *1: Kazuo Sako and Taiichi Aso, both Senior s, will be appointed as and Managing Executive Officer by the resolution adopted at the 150th Ordinary General Meeting of Shareholders to be held on June 29, 2016 and the Board of s Meeting. 4

5 Audit & Supervisory Board Audit & Supervisory Board Member Audit & Supervisory Board Office Management Committee Secretary's Office Board of s Chairman President Executive Vice President (Reference 1) New Organization Chart (as of April 1, 2016) Customer Service Division Sales Promotion Group China & Asia Business Group Europe & Americas Business Group Restroom Business Group New-Domain Business Group Production Technology Business Group Cultural Promotion Department Sales Management Division Hokkaido Branch Office Tohoku Branch Office Kita-Kanto Branch Office Higashi-Kanto Branch Office Tokyo Branch Office Yokohama Branch Office Shinetsu Branch Office Chubu Branch Office Hokuriku Branch Office Kansai Branch Office Chugoku Branch Office Shikoku Branch Office Kyushu Branch Office Project Sales Division Retail Sales Division Design Division Global Business Promotion Division China & Asia Business Management Division China Division Asia Oceania Division Europe & Americas Business Management Division Americas Division Europe Division Restroom Business Management Division Restroom Product Coordinating Division Sanitary Ware Division Washlet Division Bathroom Division Kitchen & Lavatory Vanity Division Faucets & Appliances Division Advanced Ceramics Division Green Building Materials Division Fuel Cell Division Electronics Technology Division Production Technology Division Research Institute Management Planning Division Legal Affairs Division Human Resource Division Accounting & Finance Division Information System Planning Division General Affairs Division Tokyo General Affairs Division Logistics Division Purchasing Division Engineering Works Division Internal Audit Office 5

6 (Officers in Charge of V-Plan) Marketing Innovation Demand Chain Innovation Management Resource Innovation Domestic Housing Equipment Business Nozomu Morimura Overseas Housing Equipment Business Europe & China & Asia Americas Soichi Abe Noriaki Kiyota Kazuo Sako Ryosuke Hayashi Yuichi Narukiyo New-Domain Business Ryosuke Hayashi 6

7 (Reference 2) Brief History of Candidate for Newly Appointed Representative Name Noriaki Kiyota Place of Birth Fukuoka Prefecture Date of Birth October 8, 1961 Education Mar Graduated from the Faculty of Economics, Nagasaki University Brief Career History Number of Shares Owned Apr Oct Sep Apr Apr Apr Apr Apr Apr Apr Apr Apr Jun Apr Apr ,500 Joined the Company General Manager of Washlet Planning Department of the Company General Manager of Restroom Business Planning Department and General Manager of Washlet Planning Department of the Company General Manager of Restroom Business Planning Department of the Company General Manager of International Business Coordinating Division of the Company General Manager of International Business Group of the Company Deputy General Manager of Sanitary Ware Division of the Company General Manager of Sanitary Ware Division of the Company General Manager of Washlet Division and President and Representative of TOTO Washlet Techno Co., Ltd. Deputy General Manager of Restroom Business Group and President and Representative of TOTO Washlet Techno Co., Ltd. and General Manager of Restroom Business Group of the Company in Charge of Restroom Business Group of the Company and Managing in Charge of Restroom Business Group of the Company and Senior Managing in Charge of Restroom Business Group and Faucets & Appliances Division of the Company and Senior Managing in Charge of System Product Group and Faucets & Appliances Division of the Company (Current position) 7

8 (Reference 3) Brief History of Candidate for Newly Appointed Name Place of Birth Kazuo Sako Fukuoka Prefecture Date of Birth August 25, 1959 Education Mar Graduated from the Faculty of Business and Commerce, Keio University Brief Career History Apr Apr Jan Apr Apr Apr Apr Apr Joined the Company General Manager of International Sales Department of the Company Vice President of TOTO U.S.A., Inc. and Vice President of TOTO U.S.A. Holdings, Inc. General Manager of Americas Business Division of the Company, President of TOTO U.S.A., Inc., and President of TOTO U.S.A. Holdings, Inc. General Manager of Hydrotect Business Division of the Company General Manager of Green Building Materials Division of the Company and President and Representative of TOTO Materia Ltd. and General Manager of Green Building Materials Division of the Company, and President and Representative of TOTO Materia Ltd. Senior and Deputy General Manager of International Business Group (in charge of Europe & Americas) of the Company, President of TOTO Americas Holdings, Inc., and President of TOTO U.S.A., Inc. (Current position) Name Taiichi Aso Place of Birth Fukuoka Prefecture Date of Birth March 5, 1960 Education Mar Graduated from the Faculty of Engineering, Kyushu University Brief Career History Apr Oct Apr Apr Jun Apr Apr Joined the Company General Manager of Nakatsu Sanitary Ware Manufacturing Department of the Company Chief Senior Engineer at Sanitary Ware Division of the Company President and Representative of TOTO Sanitechno Ltd. of the Company, and President and Representative of TOTO Sanitechno Ltd. and General Manager of Sanitary Ware Division of the Company, and President and Representative of TOTO Sanitechno Ltd. Senior and General Manager of Sanitary Ware Division of the Company, and President and Representative of TOTO Sanitechno Ltd. (Current position) 8

9 Outside Name Place of Birth Masatsugu Shimono Osaka Prefecture Date of Birth December 11, 1953 Education Brief Career History Mar Completed the master s course in engineering at Kyoto University Graduate School of Engineering Apr Joined IBM Japan, Ltd. Jul Manager of Development Office, Sales Office 4, Kansai Sales Division 1 Jan Apr Apr Jul Jan Jul Jan Loaned to IBM Corporation (USA) in charge of outsourcing services of service business in charge of ITS and outsourcing business Managing in charge of service business Senior Managing in charge of technology delivery Executive Vice President in charge of product, service operations Senior Executive Advisor (Current position) 9