TOA Corporation is to implement the following organizational changes and personnel reassignments, effective as of April 1, 2014. Personnel Changes are: Masato Hotta - New position - Director of TOA Corporation and Executive Officer of TOA Corporation and Executive Manager of Corporate Planning Division of TOA Corporation - Former position - Director of TOA Corporation and Executive Officer of TOA Corporation and General Manager of China & East Asia Business Department, International Business Division of TOA Corporation; Masahiro Taniguchi - New position - General Manager of Management Planning Department, Corporate Planning Division of TOA Corporation - Former position - General Manager of Management Planning Department of TOA Corporation; Shigeru Sugahara - New position - General Manager of Public Relations Department, Corporate Planning Division of TOA Corporation - Former position - General Manager of Public Relations Department of TOA Corporation; Shinji Matsumuro - New position - General Manager of Information System Department, Corporate Planning Division of TOA Corporation - Former position - General Manager of Information System Department of TOA Corporation; Kazuaki Maeda - New position - General Manager of Development Department of TOA Corporation - Former position - Section Manager of R&D Section, R&D Department, Engineering Division of TOA Corporation; Toru Otono - New position - General Manager of Audio Development Department, Audio Development Division of TOA Corporation and General Manager of International Product Development Department, International Business Division of TOA Corporation - Former position - General Manager of International Product Development Department, International Business Division of TOA Corporation; Masanobu Kitajima - New position - General Manager of Production Department, Supply Chain Management Division of TOA Corporation - Former position - Section Manager of Quality Assurance Section, Quality Assurance Department of TOA Corporation; Hiroshi Yamamoto - New position - General Manager of Chubu Area Sales Department, Domestic Marketing Division of TOA Corporation - Former position - President of TOA Electronics Taiwan Corporation; Haruyuki Futagawa - New position - General Manager of Customer Support Department, Domestic Marketing Division of TOA Corporation - Former position - Sales Section Manager of Mito Sales Office, Kanto Area Sales Department, Domestic Marketing Division of TOA Corporation; Masakazu Sorayama - New position - General Manager of China & East Asia Business Department, International Business Division of TOA Corporation and Director of TOA (China) Limited. and Managing Director of TOA (Hong Kong) Limited - Former position - Director of TOA (China) Limited. and Managing Director of TOA (Hong Kong) Limited; Yoshiaki Urashima - New position - General Manager of Compliance Department, Administration Division of TOA Corporation - Former position - Assistant Executive Manager of International Business Division of TOA Corporation; Masakazu Ai - New position - President of ACOUS Corporation - Former position - PT. TOA Galva Indistries; Masanori Fujimoto - New position - President of TAKEX Corporation - Former position - Group Leader of Camera Development Group 2, Development Section 2, Security Development Department, Security Development Division of TOA Corporation; Takashi Nishino - New position - President Director of PT. TOA Galva Indistries - Former position - President of ACOUS Corporation; Koichi Oguma - New position - President of TOA Engineering Corporation - Former position - Assistant Executive Manager of Supply Chain Management Division of TOA Corporation; Toru Sakaguchi - New position - President of TOA Electronics Taiwan Corporation - Former position - Sales Section Manager of Tokyo Sales Office Section 2, Tokyo Area Sales Department, Domestic Marketing Division of TOA Corporation.

The company announced that a new division called the Corporate Planning Division will be established, for the purpose of reinforcing promotion of the company's mid-term management plan. This Division will report directly to the President, and will oversee the Management Planning Department, Public Relations Department, and Information System Department.