SUGI : Notification on Changes in Subsidiaries’Management Teams

January 29, 2018

Company name: Sugi Holdings Co., Ltd.

Representative: Eiichi Sakakibara, Representative Director & President

Stock code: 7649, 1st section, Tokyo Stock Exchange and Nagoya Stock Exchange Contact: Makoto Kasai, General Manager, Business Planning Division

Phone: [phone]

Notification on Changes in Subsidiaries' Management Teams

At the Board of Directors' meeting held on January 29, 2018, Sugi Holdings Co., Ltd. decided on matters regarding the "Changes in Management Teams" at its Subsidiaries. The details are as follows.

1. Sugi Pharmacy Co., Ltd. (effective March 1, 2018)

New titleRepresentative Director & Chairman

Representative Director & President

Managing Director

General Manager, Sales HeadquartersDirector

General Manager, Store Development Headquarters

Director

General Manager, Business Planning Headquarters

Director

General Manager, Business Category Development Division

Director

General Manager, System & Logistics Headquarters

Director

General Manager, Sales Planning Division

Director

General Manager, Operational Reform Division

Director

General Manager, Product Control Division

Director

General Manager, Merchandise Division

Name

Eiichi Sakakibara

Katsunori Sugiura

Shinya SugiuraNobuyuki Takeda

Makoto KasaiTakuya FukunishiSunao Kawasaki

Tomohiro Shiraishi

Kenjiro TaniSadakazu Urakawa

Kazuhiro Suzuki

Current titleRepresentative Director & Chairman

Representative Director & President

Managing Director

General Manager, Sales Headquarters & General Manager, Wellness Control Division

Director

General Manager, Store Development Headquarters

Director

General Manager, Administrative Headquarters & General Manager, Business Promotion Division

Director

General Manager, Business Category Restructuring Division

Director

General Manager, System & Distribution Headquarters

Director

General Manager, Sales Planning Division

Director

General Manager, Reform Promotion Division

Director

General Manager, Product Control Division

Advisor

Director

General Manager, Prescriptions Division Director

WellnessGeneral Manager, Personnel Administration Headquarters

&

Corporate Auditor

Ichiro ShimizuShigeki MoriToshihiko Sakamoto

2. Sugi Medical Co., Ltd. (effective March 1, 2018)New title

NameDeputy General Manager, Wellness Prescriptions DivisionAdministrative HeadquartersCorporate AuditorCurrent title

Representative Director & PresidentAkiko SugiuraRepresentative Director & President

Representative Director & Senior Vice President

Katsunori Sugiura

Representative Director & President, Sugi Pharmacy Co., Ltd.

Director

Shinya Sugiura

Director

Director

Makoto Kasai

Director

Corporate Auditor

Toshihiko SakamotoCorporate Auditor