Board Members

Positions Name

President and Representative Director	Hiroshi Yamada

Date of birth	September 28, 1952
Number of Company shares owned	69,324
Brief profile	August 1979 Joined Shinwa Co., Ltd. December 2003 Representative Director, Shinwa Co., Ltd. (present) August 2007 Director, Shinwa Service K.K.
Reason for election	Since assuming the position of Representative Director of Shinwa Co., Ltd. in December 2003, Hiroshi Yamada has driven the business growth of the Shinwa Group to globalize operations and expedite management reform. As a chair of the Board of Directors, he facilitates constructive discussions in an effort to strengthen the functions of the Board of Directors. It has been determined that he will continue to appropriately supervise management of the entire Group as a director of Shinwa Co., Ltd., thereby contributing to the achievement of the sustainable growth and higher corporate value of the Group.

Executive Vice President and Director Executive Officer General Manager of Sales	Kurio Noritake

Date of birth	October 20, 1967
Number of Company shares owned	34,924
Brief profile	April 1990 Joined Wakita Corporation September 1993 Joined Koyo Unyu Co., Ltd. July 1997 Joined Marubeni Construction Machinery Sales Company July 2007 Joined Shinwa Co., Ltd. to assume the position of Deputy General Manager of Sales Department; concurrently, General Manager of Osaka Sales Office April 2010 Executive Officer, General Manager of Sales Division; concurrently, General Manager of Osaka Branch, Shinwa Co., Ltd. January 2014 Director, Shinwa Service K.K. August 2017 Managing Director, Executive Officer, and General Manager of Sales, Shinwa Co., Ltd. June 2019 Vice Representative Director, Executive Officer, and General Manager of Sales, Shinwa Co., Ltd. (present)
Reason for election	Kurio Noritake has long taken the lead at the forefront of sales and marketing in this industry, thus gaining a wealth of experience and a track record as the head of Sales. It has been determined that he will continue to appropriately supervise management of the entire Group as a director of Shinwa Co., Ltd., thereby contributing to the achievement of the sustainable growth and higher corporate value of the Group.

Director Executive Officer General Manager of Production	Shinichi Hirano

Date of birth	September 4, 1963
Number of Company shares owned	34,924
Brief profile	April 1982 Joined Sharp Engineering Corporation (currently Sharp Business Solutions Corporation) September 1984 Joined Sony Mizunami Corporation (currently Sony Global Manufacturing & Operations Corporation) April 2004 General Manager of Operations Service Department, Sony Global Manufacturing & Operations Corporation January 2010 General Manager of Manufacturing Department, Shanghai Suoguang Visual Products Co., Ltd. December 2013 Joined Shinwa Co., Ltd. to assume the position of Deputy General Manager of Production April 2015 Executive Officer and General Manager of Production, Shinwa Co., Ltd. June 2018 Director, Executive Officer, and General Manager of Production, Shinwa Co., Ltd. (present)
Reason for election	Shinichi Hirano has gained a wealth of experience and a track record as the head of the Production Division as detailed on the left. It had been determined that he will continue to appropriately supervise management of the entire Group as a director of Shinwa Co., Ltd., thereby contributing to the achievement of the sustainable growth and higher corporate value of the Group.

Independent Outside Director	Kensaku Mizutani

Date of birth	March 8, 1974
Number of Company shares owned	-
Brief profile	April 1998 Joined Mitsubishi Corporation February 2005 Joined Morgan Stanley Japan Securities Co., Ltd. (currently Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.) January 2006 Joined GCA Corporation December 2007 Director and Partner, Integral Corporation (present) January 2012 Director and Partner, Integral Partners Co., Ltd. (present) June 2016 Outside Director, Shinwa Co., Ltd. June 2017 Representative Director and Chairperson, Horii Food Service Co., Ltd. (present) August 2017 Outside Director (Audit and Supervisory Committee member), Shinwa Co., Ltd. June 2019 Outside Director, Shinwa Co., Ltd. (present)
Reason for election	Kensaku Mizutani possesses not only a wealth of experience as a business manager and a broad array of accompanying knowledge but also sufficient experience as an outside director of other companies. A man of high moral character and insight, he has proactively shared his point of view as a business manager at board meetings in his capacity as an outside director (Audit and Supervisory Committee member) since he assumed the position in August 2017. It has been determined that he will appropriately supervise management of the entire Group as a director of Shinwa Co., Ltd., thereby contributing to the achievement of the sustainable growth and higher corporate value of the Group.

Independent Outside Director (Audit and Supervisory Committee member)	Saei Ito

Date of birth	October 12, 1952
Number of Company shares owned	1,015
Brief profile	April 1977 Joined Nitto Flour Milling Co., Ltd. (currently Nitto Fuji Flour Milling Co., Ltd.) June 2013 Auditor, Nitto Fuji Flour Milling Co., Ltd. August 2016 Auditor, Shinwa Co., Ltd. August 2017 Outside Director (Audit and Supervisory Committee member), Shinwa Co., Ltd. (present)
Reason for election	Saei Ito possesses a wealth of experience and deep insight when it comes to corporate management, which he has employed to audit the execution of business by Shinwa Co., Ltd. in his capacity as an outside director (Audit and Supervisory Committee member), based on his expert perspective. He has also given pertinent advice and made suggestions on important management decisions for Shinwa Co., Ltd. Given these achievements, it has been determined that he is suited for the position of Outside Director (Audit and Supervisory Committee member).

Independent Outside Director (Audit and Supervisory Committee member)	Tetsuichi Taniguchi

Date of birth	June 6, 1967
Number of Company shares owned	-
Brief profile	April 1990 Joined National Police Agency July 2001 Assistant Director to the Counsellor, Office for the Preparations for the Promotion of Judicial Reforms, Cabinet Secretariat December 2001 Assistant Director to the Counsellor, Secretariat, Office for Promotion of Justice System Reform June 2003 Registered as a lawyer to join Taniguchi Law Office June 2011 Representative Lawyer, Taniguchi Law Office (present) November 2015 Outside Auditor, Convano Inc. (present) August 2017 Outside Director (Audit and Supervisory Committee member), Shinwa Co., Ltd. (present)
Reason for election	Tetsuichi Taniguchi possesses a wealth of experience and deep insight as a lawyer, which he has employed to audit the execution of business by Shinwa Co., Ltd. in his capacity as an outside director (Audit and Supervisory Committee member), from his expert perspective. He has also given pertinent advice and made suggestions on important management decisions for Shinwa Co., Ltd. Given these achievements, it has been determined that he is suited for the position of Outside Director (Audit and Supervisory Committee member).

Independent Outside Director (Audit and Supervisory Committee member)	Tomoko Achiwa

Date of birth	August 25, 1984
Number of Company shares owned	-
Brief profile	December 2007 Joined KPMG AZSA LLC June 2015 Joined Achiwa Accounting House November 2015 Representative, Achiwa Labor and Social Security Attorney Office (present) March 2017 Representative, Achiwa Certified Administrative Procedures Legal Specialist Office (present) June 2019 Outside Director (Audit and Supervisory Committee member), Shinwa Co., Ltd. (present)
Reason for election	Tomoko Achiwa possesses considerable knowledge related to finance and accounting and sufficient insight on corporate management, which she has gained from her experience as a certified public accountant, certified public tax accountant, labor and social security attorney, and certified administrative procedures legal specialist. As the Shinwa Group strives to further consolidate its management foundation and increase its corporate value, it has been determined that she will appropriately supervise the performance of duties of the Board of Directors of Shinwa Co., Ltd. It has been thus determined that she is suited for the position of Outside Director (Audit and Supervisory Committee member).

One of the Board Members is a woman (14% of the total).

Shinwa Co., Ltd. has adopted the executive officer system. Below are the names and responsibilities of executive officers who are not concurrently serving as directors of Shinwa Co., Ltd.