Assignment of new representative directors

Investor Relations

Feb. 18, 2013

Assignment of new representative directors

The Board of Directors of Daito Trust Construction Co.,Ltd approved today the following changes in Directors and Executive Officers.

1. Directors and Executive Officers (as of April 1, 2013)

 
 Name New title  Current title 
Isao Minabe Member of the Board of Directors Representative Director and President
Naomi Kumakiri Representative Director and President Senior Managing Director
Hitoshi Kadouchi Representative Director and Executive Vice President Managing Director 
 

Note1: Current representative director and president, Isao Minabe, will resign his position as Director after the shareholders meeting that will be scheduled in late June 2013. This is due to Board of Directors’ internal rule that requires retirement at about 60 years of age.

Note2: Number of representative directors will become 2 people, to focus on the expansion of our business.

2. Background of this decision

We are currently engaged in the rental apartment construction, as well as tenant recruiting and the asset property management business. Also, our subsidiaries are involved in related businesses with good synergies.
We expect there will be more upside in these areas. Therefore speedy and strategic management will be needed for us to raise our corporate value. As a result we decided on our new two representative directors structure.