The board of directors of Ichiyoshi Securities Co., Ltd. at its meeting held on March 1, 2016, resolved on changes of representative executive officers and president of the company. Minoru Kobayashi, Director & President Representative Executive Officer as Director & Deputy President Representative Executive Officer. Yasuaki Yamasaki, retiring on March 31, 2016 as Director & President Representative Executive Officer and Nobutaka Tanaami, Retiring on March 31, 2016 as Director & Deputy President Representative Executive Officer.