Personnel announcement

The Japan Times, Ltd. announces that Toshiaki Ogasawara, chairman and publisher of The Japan Times, will step down from his post and current Vice Chairwoman Yukiko Ogasawara will become chairwoman.

Masaru Onodera, former president of Nifco Inc., the parent company of The Japan Times, will be appointed to the post of director.

The personnel changes, which were decided at the company’s board meeting on March 29, will take effect June 24 after its shareholders’ meeting on the same day.

The Japan Times, Ltd.