Notice of Planned Changes in Directors at the Company and Major Subsidiaries
YONDOSHI HOLDINGS INC. (hereinafter, "YONDOSHI HOLDINGS" or "the Company") made a preliminary decision to make certain changes in its directors at a meeting of its Board of Directors held on April 12, 2024. This decision is subject to the approval of an agenda item proposing the election of directors submitted during the Company's 74th Annual General Meeting of Shareholders, which is scheduled to be held on May 30, 2024. Plans are also in place to change directors at major subsidiaries. Brief details are presented as follows.
1. Change in Directors (Excluding Directors and Audit/Supervisory Board Members)
(1) Candidates for New Appointment
New Position
Current Position
Name
Director and Executive Officer
Executive Officer responsible for
Hiroshi Arai
responsible for AS'TY
AS'TY
Outside Director
Outside Director and
Naoki Kodama
Audit/Supervisory Board Member
Note:
Mr. Arai serves concurrently as President and Representative Director at AS'TY Inc.
(2) Officers Scheduled to Retire
Current Position
Name
Director
Saishi Kimura
Outside Director
Mitsutaka Sato
Notes:
1. Both Mr. Kimura and Mr. Sato are expected to resign as directors at the conclusion of the Company's Annual General Meeting of Shareholders, which is scheduled to be held on May 30, 2024.
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2. Mr. Kimura serves concurrently as Director at AS'TY Inc. and age Co., Ltd., but he is expected to resign from both companies due to the expiry of his term of office on May 7, 2024.
2. Directors and Audit/Supervisory Board Members
(1) Candidate for New Appointment
New Position
Current Position
Name
Outside Director and
―
Hiroshi Kawazoe
Audit/Supervisory Board Member
Notes:
1. Mr. Kawazoe is a candidate for outside director; independent director to be reported to Tokyo Stock Exchange, Inc.; and member of the independent committee regarding defensive measures against hostile takeovers.
2. Mr. Kawazoe holds qualifications as a certified public tax accountant and possesses a considerable degree of knowledge regarding finance and accounting.
(2) Officers Scheduled to Retire
Current Position
Name
Outside Director and
Toyomasa Akiyama
Audit/Supervisory Board Member
Outside Director and
Naoki Kodama
Audit/Supervisory Board Member
Note:
Both Mr. Akiyama and Mr. Kodama are expected to resign as outside directors and
Audit/Supervisory Board members at the conclusion of the Company's Annual General Meeting of Shareholders, which is scheduled to be held on May 30, 2024.
Mr. Akiyama serves concurrently as an auditor at F.D.C. Products Inc., but he is expected to resign from the company due to the expiry of his term of office on May 10, 2024.
Candidate for Director and Substitute Audit/Supervisory Board Member
Name
Attorney
Seisui Kamigaki
3. Change in Directors at Company Subsidiaries
(1) Director Scheduled to Change at AS'TY Inc.
New Position
Current Position
Name
Managing Director and Managing
Director and Executive Officer,
Executive Officer, Director of
Director of Production Planning
Yasuhiro Miyoshi
Production Planning Department 1
Department 1
Note:
Mr. Miyoshi is expected to be appointed Managing Director and Managing Executive Officer via
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approval at the meeting of the Board of Directors of AS'TY Inc. scheduled to be held on May 7,
2024.
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Yondoshi Holdings Inc. published this content on
12 April 2024 and is solely responsible for the information contained therein. Distributed by
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12 April 2024 06:08:25 UTC.
YONDOSHI HOLDINGS INC. is a Japan-based company mainly engaged in the operation of brand business mainly in jewelry. The Company operates through two business segments. The Jewelry segment is involved in the plan, manufacture and sale of brand business, mainly for products such as jewelry and bags. The main brands include 4 ° C, canal 4 ° C, EAU DOUCE 4 ° C, Luria 4 ° C and others. The Apparel segment is involved in the manufacturer and apparel function that plan and propose overseas production background in China, Vietnam, Bangladesh and others, centering on apparel and bags. The company operates major apparel, specialty stores and general merchandise stores (GMS) in main markets. This segment is also involved in the retail business which focuses on women's clothing, fashion accessories and practical apparel on Western Japan.