At the meeting held on January 31, 2014, the Board of Directors of Toto Ltd. decided to change Chairman, President, and Representative Directors. The change is due to transition to a new corporate structure for Fiscal 2014. The company announced transition of Kunio Harimoto to Representative Director, Chairman of the Board from President, Representative Director; Madoka Kitamura to President, Representative Director from Director, Senior Managing Executive Officer; Kiyoshi Furube to Representative Director, Executive Vice President from Director, Senior Managing Executive Officer; Teruo Kise to Director, Advisor from Representative Director, Chairman of the Board; Akio Hasunuma to Director from Representative Director, Executive Vice President, effective April 1, 2014.

Teruo Kise and Akio Hasunuma will be appointed as an advisor and a corporate advisor, respectively, after retiring as representative directors at the Ordinary General Meeting of shareholders to be held in June 2014. Madoka Kitamura worked as Director, Senior Managing Executive Officer, in charge of System Product Group since Jun. 2013.

Kiyoshi Furube worked as Director, Senior Managing Executive Officer, in charge of Sales Promotion Group and Marketing Group since Apr. 2013.