Board of Directors

as of June 22, 2018
Mitsuhiro Takeda
Representative Director, President and CEO
Nomination and Compensation Committee member

He is responsible for promoting the Company Policy by overseeing Groupwide reforms centered on the Medium-Term Vision.

Professional History
1986 4 Joined Kanematsu-Gosho, Ltd.
2004 4 General Manager, Europe and the U.S. Import Products Department,
KANEMATSU TEXTILE CORPORATION
2005 9 Joined the Company
2006 7 Became General Manager, Brand Business Division / Department Manager, Brand Business Department of the Company
2008 7 Became Senior Executive Officer / General Manager, Business Development Division of the Company
2010 4 Became Senior Executive Officer / General Manager, Business Unit I / General Manager, Brand Business Division of the Company
2010 6 Became Director, Executive Managing Officer / General Manager, Business Unit I / General Manager, Brand Business Division of the Company
2011 4 Became Director, Senior Executive Vice President / General Manager, Business Unit I / General Manager, Brand Business Division of the Company
2012 4 Became Representative Director, President and Executive Officer of the Company (current)
Mitsunori Fujisawa
Director, Executive Vice President
In charge of Business Infrastructure of the Company
Representative Director and President, COEN CO., LTD.

He is responsible for the continued medium- to long-term growth of COEN CO., LTD., as the company's representative director, while promoting Companywide e-commerce, distribution, marketing, and other strategies.

Professional History
1990 3 Joined the Company
2005 10 Became General Manager, Green Label Relaxing Division of the Company
2008 7 Became Senior Executive Officer / General Manager,
Green Label Relaxing Division of the Company
2010 4 Became Senior Executive Officer / General Manager, Business Unit II / General Manager, Green Label Relaxing Division of the Company
2010 6 Became Director, Executive Managing Officer / General Manager, Business Unit II / General Manager, Green Label Relaxing Division of the Company
2011 4 Became Director, Executive Vice President / General Manager, Business Unit II, responsible for Channel Development Division of the Company
2018 4 Became Director, Executive Vice President, responsible for Business Infrastructure of the Company (current)
Masami Koizumi
Director, Executive Vice President
In charge of Finance, Investor Relations and Compliance of the Company

He is responsible for finances, investor relations, legal affairs, and compliance and is strengthening administrative foundations Groupwide.

Professional History
1995 7 Joined the Company
2000 4 Became Department Manager, Finance and Accounting Department of the Company
2004 12 Became Auditor of Netprice, Ltd.
2006 6 Became Director of the Company
2007 7 Became Director / General Manager, Administration Division /
Department Manager, Finance and Accounting Department of the Company
2008 7 Became Director, Executive Managing Officer /
General Manager, Administration Division of the Company
2012 4 Became Director, Executive Vice President / General Manager, Administration Division, resposible for Plan Management Office of the Company
2018 4 Became Director, Executive Vice President, responsible for Finance, Investor Relations and Compliance of the Company (current)
Hiroyuki Higashi
Director, Executive Managing Officer
In charge of Corporate Strategy and Human Resources of the Company

He is responsible for business planning and development, overseas expansion, and human resource organizational development. He implements strategic, medium-term initiatives.

Professional History
1988 4 Joined World Co., Ltd.
1996 3 Joined the Company as Section Manager, Human Resources Section, President's Office
2000 4 Became Department Manager, Human Resources
Department / Department Manager, Corporate Strategy Department of the Company
2004 8 Became Deputy General Manager, Business Management
Division / Group Manager, Corporate Strategy Group of the Company
2005 10 Became Manager, President's Office / Section Manager,
Corporate Planning Section of the Company
2006 7 Became Deputy General Manager, United Arrows Division of the Company
2008 4 Became General Manager, United Arrows Division of the Company
2008 7 Became Senior Executive Officer / General Manager, United Arrows Division of the Company
2012 6 Became Director, Executive Managing Officer / General Manager,
Business Unit I of the Company
2018 4 Became Director, Executive Managing Officer responsible for Corporate Strategy and Human Resources of the Company (current)
Yoshinori Matsuzaki
Director, Executive Managing Officer (New)
General Manager, Business Unit I of the Company

He is responsible for improving customer loyalty and profitability in the businesses overseen by Business Unit I, which primarily targets trend-conscious markets, as the director in charge of this unit.

Professional History
1998 4 Joined the Company
2005 10 Became Department Manager, Sales Department, United Arrows Division of the Company
2008 4 Became Deputy General Manager, Beauty & Youth Division of the Company
2012 4 Became General Manager, Beauty & Youth Division, Business Unit I of the Company
2012 7 Became Executive Officer and General Manager, Beauty & Youth Division, Business Unit I of the Company
2014 4 Became Senior Executive Officer and General Manager, Beauty & Youth Division, Business Unit I of the Company
2018 4 Became Senior Executive Officer and General Manager, Business Unit I of the Company
2018 6 Became Director, Executive Managing Officer / General Manager, Business Unit I of the Company (current)
Tatsuya Kimura
Director, Executive Managing Officer (New)
General Manager, Business Unit II of the Company

He is responsible for expanding the scope and growing the earnings of the businesses advanced by Business Unit II, which mainly caters to basic trend-conscious markets, as the director in charge of this unit.

Professional History
2002 1 Joined the Company
2008 4 Became Department Manager, Sales Supervising Department, Green Label Relaxing Division of the Company
2011 7 Became Deputy General Manager, Green Label Relaxing Division, Business Unit II of the Company
2016 4 Became Executive Officer and General Manager, Green Label Relaxing Division of the Company
2017 4 Became Senior Executive Officer and General Manager, Green Label Relaxing Division of the Company
2018 4 Became Senior Executive Officer and General Manager, Business Unit II of the Company
2018 6 Became Director, Executive Managing Officer / General Manager, Business Unit II of the Company (current)
Yukari Sakai
Outside Director
Standing Audit and Supervisory Committee member (Chairperson)
Nomination and Compensation Committee member (Chairperson)

She has a wealth of finance-related knowledge including expertise in financing and accounting matters as well as extensive experience as a director and an audit and supervisory board member at other companies.
Leveraging this knowledge and experience, she will help strengthen the supervisory and oversight functions of management, increase transparency, and efficiency.

Professional History
1991 4 Joined Nomura Securities Co., Ltd. (resigned in September 1997)
2005 6 Became Standing Outside Audit and Supervisory Board Member of UNITED ARROWS LTD.
2013 9 Became Outside Auditor of Beauty Kadan Co., Ltd. (current)
2016 6 Became Outside Director of UNITED ARROWS LTD. (and Standing Audit and Supervisory Committee member) (current)
2017 10 Became Outside Director (Audit and Supervisory Committee Member) of Tea Life Co., Ltd. (current)
Gaku Ishiwata
Outside Director
Audit and Supervisory Committee member
Nomination and Compensation Committee member

He is an attorney-at-law well-versed in corporate governance, capital policies, and M&A activities in Japan and overseas. We expect he will leverage his abundant knowledge and experience to help strengthen the Company's corporate governance and compliance framework.

Professional History
1997 4 Registered with the Daini Tokyo Bar Association as an attorney-at-law; Joined Mori Sogo Law Offices (currently, Mori Hamada & Matsumoto)
2001 9 — 2002 8
Worked at Davis Polk & Wardwell, New York
2002 6 Registered with the New York State Bar Association
2004 9 Became member of the Corporate Value Study Group organized by Japan's Ministry of Economy, Trade and Industry
2005 1 Became partner at Mori Hamada & Matsumoto (current)
2005 7 Became member of the First Subcommittee of Sectional Committee on Financial System of Financial System Council
2007 4 Became part-time lecturer at Kyoto University Law School
2008 6 Became External Board Member of XEBIO CO., LTD. (currently XEBIO HOLDINGS CO., LTD.) (current)
2010 4 Became member of the Liaison Conference on Corporate Governance organized by Financial Services Agency
2011 9 Became member of the Disclosure System Working Group, Specialized Legal System Study Group, Financial Services Agency
2013 6 Became Outside Director of UNITED ARROWS LTD.
2016 6 Became Outside Director of UNITED ARROWS LTD. (and Audit and Supervisory Committee member) (current)
Hidehiko Nishikawa
Outside Director
Audit and Supervisory Committee member
Nomination and Compensation Committee member

He has a wealth of experience in the fashion and retailing industries, and as a university professor he will leverage his abundant experience and knowledge to promote sound and efficient operations.

Professional History
1985 4 Joined World Co., Ltd.
2000 7 Became Manager, Business and Operation divisions of MUJI.net Co., Ltd.
2001 4 Became Director of MUJI.net Co., Ltd.
2005 4 Became Assistant Professor, College of Business Administration, Ritsumeikan University
2007 4 Became Associate Professor, College of Business Administration, Ritsumeikan University
2008 4 Became Professor, College of Business Administration, Ritsumeikan University
2010 4 Became Professor, Faculty of Business Administration, Hosei University (current)
2012 8 Became Vice President of Japan Marketing Academy
2015 4 Became Director, Graduate School of Business Administration, Hosei University
2015 6 Became Outside Director of UNITED ARROWS LTD.
2015 10 Became Representative Director, Sekigakusha Co., Ltd. (current)
2016 6 Became Outside Director of UNITED ARROWS LTD. (and Audit and Supervisory Committee member) (current)
2017 4 Became Vice president of Japan Marketing Academy (current)